Cabela’s announces new credit facility
Sidney, Neb. -- Cabela’s Inc. announced the signing of a new credit facility with a consortium of financial institutions led by U.S. Bank. The new $415 million, five-year credit facility replaces Cabela’s existing $350 million, five-year agreement signed in 2007. Additionally, the new facility may be increased to $500 million subject to certain terms and conditions. “The new facility provides us with long-term financing flexibility as we continue to expand our retail store footprint, increase brand loyalty through the operations of World’s Foremost Bank, focus on direct channel growth and increase our market share,” said Tommy Millner, Cabela’s CEO.