Cabela’s Incorporated (NYSE: CAB) announces 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.