September 15, 2010 by staff
Chase Bank, Cabela’s Incorporated / quotes/comstock/13 *! Cabin / quotes / nls / cab (CAB 17.42, 0.14, 0.81%) announced today that JPMorgan Chase Bank, National Association and has renewed its commitment to 350 million under a number of outstanding financing variable notes issued by Credit Card Master Note Cabela’s Trust. The commitment is for one year.
“We are very pleased to have completed the renovation of this facility with JPMorgan Chase Bank,” said Joe Friebe, President and CEO of Foremost bank in the world. “This is the fifth renewal of the variable funding facility, which indicates the strength and longevity of our business relationship with JPMorgan.”
“Over the years, particularly through the recent liquidity crisis, JPMorgan has been a major partner of World’s Foremost Bank, Cabela’s,” Friebe said. “JP Morgan was able to provide first of all World Bank liquidity at favorable rates during the economic crisis, which speaks of the strength of its business and the strength of our credit card portfolio.”
About Cabela’s Incorporated
Cabela’s Incorporated, headquartered in Sidney, Nebraska, is a leading specialty retailer and the world’s largest direct marketer, of hunting, fishing, camping and outdoors goods similar. Since founding the company in 1961 (Cabela’s R) has grown into one of the best-known brands of recreational outdoors in the world, and has been recognized as the world’s largest Outfitter (R). Through Cabela’s growing number of retail stores and its direct business well established, offering a wide and distinctive selection of outdoor products of high quality at competitive prices while providing superior customer service. Cabela’s also issues the Cabela’s CLUB (R) Visa credit card, which serves as its primary customer loyalty rewards program. Cabela’s stock is traded on the NYSE under the symbol “CAB.”
SOURCE: Cabela’s Incorporated
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