Cabela’s Announces Amended, Expanded Credit Facility

Cabela’s Incorporated (NYSE:CAB) announces the signing of an amended credit facility with a consortium of financial institutions led by U.S. Bank. This $775 million, five-year credit facility expands and extends Cabela’s existing $415 million, five-year agreement signed in 2011. Additionally, the facility may be increased to $800 million subject to certain terms and conditions.

“This agreement is a testament to the confidence our partners have in Cabela’s,” said Tommy Millner, Cabela’s Chief Executive Officer. “The amended facility provides us with long-term financing flexibility as we continue to expand our retail store footprint, increase brand loyalty through the operations of Cabela’s CLUB, focus on our omni-channel strategy and increase our market share. We are extremely pleased with the support provided by our banking partners and look forward to continuing our relationship with such strong business partners.”

Cabela's

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.