Cabela’s Renews Variable Funding with Wells Fargo

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.

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Since the start back in 1961, Cabela’s has evolved into what is now the World’s Foremost Outfitter proving our valuable and dedicated customers only the best in outdoor gear from hunting, shooting, and fishing to camping, backpacking and more.  Whether you need an ATV to get you there, the right clothing and footwear to keep you there, or quality outdoor gear to make it memorable, let every adventure begin and end with Cabela’s.