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Cabela’s Inc. Announces Successful Renewal of Variable Funding Facility with Wells Fargo Bank

SIDNEY, Neb.--(BUSINESS WIRE)--Apr. 2, 2012-- Cabela’s Incorporated (NYSE: CAB) announced today that Wells Fargo Bank, National Association has renewed its $225 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 very pleased to have completed the early renewal of this facility with Wells Fargo Bank,” said Joe Friebe, President and Chief Executive Officer of World’s Foremost Bank. “This renewal will allow us to stagger the maturities of our existing variable funding facilities and will provide continued liquidity for World’s Foremost Bank.”

“Wells Fargo Bank has been a significant business partner of World’s Foremost Bank and Cabela’s and we value the relationship that we have established with them over the years.” Friebe said.

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".

Source: Cabela’s Incorporated

Cabela’s Incorporated
Chris Gay, 308-255-2905
Joe Arterburn, 308-255-1204