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Cabela's announces closing of $500 mn securitization
24 Jan '08
2 min read
"We are very pleased to have completed this securitization," said Joe Friebe, President and Chief Executive Officer of World's Foremost Bank. "Despite recent turmoil in the credit markets, we were able to receive very favorable terms for World's Foremost Bank.
Based upon the demand for the notes, we were able to upsize the transaction by $50 million. We believe this demonstrates the confidence investors have in the high-quality portfolio World's Foremost Bank has generated with the Cabela's CLUB Visa card."
Based upon the demand for the notes, we were able to upsize the transaction by $50 million. We believe this demonstrates the confidence investors have in the high-quality portfolio World's Foremost Bank has generated with the Cabela's CLUB Visa card."
Cabela's Incorporated
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