Cabela’s (CAB) Closes $500 Million Securitization
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Cabela’s Incorporated (NYSE: CAB) announced that Cabela’s Credit Card Master Note Trust successfully completed the sale of $500 million of Asset-Backed Notes, Series 2012-II. The securitization transaction included the issuance of $300 million of Class A-1 Notes, which accrue interest at a fixed rate of 1.45% per year, and $125 million of Class A-2 Notes, which accrue interest at a floating rate equal to one-month LIBOR plus 0.48% per year.
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