Cabela’s closes on $350 million securitization

SIDNEY, Neb. —Cabela’s Inc. announced that its Cabela’s Credit Card Master Note Trust successfully completed the sale of $350 million of Asset-Backed Notes, Series 2013-II.

“We are excited to announce the completion of our second term securitization during 2013, and we are very pleased with both the pricing and execution of this transaction,” said Tommy Millner, Cabela’s CEO. “Even with the recent volatility in interest rates, there was strong investor demand for the transaction, and we were able to upsize by $50 million. This transaction offers a good mix of fixed and floating rate funding. The execution of this transaction demonstrates the continued quality and strength of the Cabela’s CLUB Visa portfolio.”