Cabela's (CAB) Renews Variable Funding Facility With Wachovia
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Cabela's Incorporated (NYSE: CAB) said Wachovia Bank, National Association has renewed its $225.0 million commitment under an outstanding series of variable funding notes issued by Cabela's Credit Card Master Note Trust. The commitment is for one year.
Joe Friebe, President and Chief Executive Officer of World’s Foremost Bank, said, "We expect this renewal, along with the completion of our $500 million securitization transaction in April, to provide sufficient liquidity for World’s Foremost Bank through the second quarter of 2010."
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