Cabela’s Incorporated said Wells Fargo Bank, N.A. 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 18 months.
“We appreciate the relationship we have built with Wells Fargo and are very pleased to renew this facility at more favorable rates and extend the term of the facility to 18 months, an increase from the previous 364-day facility,” said Joe Friebe, President and Chief Executive Officer of World’s Foremost Bank. “The strength of our brand allows us to attract high-quality cardholders which results in a high-performing credit card portfolio.”
