Cabela’s Incorporated (NYSE: CAB) announced today that Bank of America, National Association has renewed its $300 million commitment under an outstanding series of variable funding notes issued by Cabela’s Credit Card Master Note Trust. The commitment is for three years.
“We are excited to have completed the early renewal of the variable funding facility with Bank of America,” said Tommy Millner, Cabela’s Chief Executive Officer. “This renewal has allowed us to stagger the maturities of our three variable funding facilities and will provide continued liquidity for our Cabela’s CLUB Visa program.”
About Cabela’s Incorporated
Cabela's Incorporated, headquartered in Sidney, Nebraska, is a leading specialty retailer, and the world's largest direct marketer, of hunting, fishing, camping and related outdoor merchandise. Since the Company's founding in 1961, Cabela's® has grown to become one of the most well-known outdoor recreation brands in the world, and has long been recognized as the World's Foremost Outfitter®. Through Cabela's growing number of retail stores and its well-established direct business, it offers a wide and distinctive selection of high-quality outdoor products at competitive prices while providing superior customer service. Cabela's also issues the Cabela's CLUB® Visa credit card, which serves as its primary customer loyalty rewards program. Cabela's stock is traded on the New York Stock Exchange under the symbol "CAB".