Cabela's Incorporated announced that pursuant to its existing credit agreement it has increased its revolving credit facility to $430 million from $325 million. The five-year credit facility, which expires June 30, 2012, is supported by a consortium of financial institutions led by U.S. Bank. Advances under the credit facility are used for general business purposes, including working capital support.
The increased facility provides Cabelas with additional flexibility as it continues to add retail stores and expand its market presence.
