Cabelas Inc. announced that 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.
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.
“We are very pleased to have completed the renewal of this facility with
Wachovia,” said Joe Friebe, President and Chief Executive Officer of
Worlds Foremost Bank. “We expect this renewal, along with the
completion of our $500 million securitization transaction in April, to
provide sufficient liquidity for Worlds Foremost Bank through the
second quarter of 2010.”
“Over the years, Wachovia and Wells Fargo have been important long-term
business partners of Worlds Foremost Bank and Cabelas,” Friebe said.
