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
Chris Gay, 308-255-2905