Sep. 15, 2009 (Business Wire) -- Cabela’s Incorporated (NYSE: CAB) announced today that JPMorgan Chase Bank, National Association has renewed its $350.0 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 JPMorgan Chase Bank,” said Joe Friebe, President and Chief Executive Officer of World’s Foremost Bank. “We expect this renewal to provide sufficient liquidity for World’s Foremost Bank through the third quarter of 2010.”
“Over the years, JPMorgan Chase Bank has been an important long-term business partner of World’s Foremost Bank and Cabela’s,” Friebe said.
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 related outdoor merchandise. Since the Company’s founding in 1961, Cabela’s® has grown to become one of the most well-known outdoor recreation brands in the world, and has long been recognized as the World’s Foremost Outfitter®. Through Cabela’s growing number of retail stores and its well-established direct business, it offers a wide and distinctive selection of high-quality outdoor products at competitive prices while providing superior customer service. Cabela’s also issues the Cabela’s CLUB® Visa credit card, which serves as its primary customer loyalty rewards program. Cabela’s stock is traded on the New York Stock Exchange under the symbol "CAB".
Caution Concerning Forward-Looking Statements
Statements in this press release that are not historical or current fact are "forward-looking statements" that are based on the Company’s beliefs, assumptions and expectations of future events, taking into account the information currently available to the Company. Such forward-looking statements include, but are not limited to, the Company’s statement that the renewal is expected to provide sufficient liquidity for World’s Foremost Bank through the third quarter of 2010. Forward-looking statements involve risks and uncertainties that may cause the Company’s actual results, performance or financial condition to differ materially from the expectations of future results, performance or financial condition that the Company expresses or implies in any forward-looking statements.
