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Nebraska-based outfitter increases credit facility
04 Apr '08
1 min read
Cabela's Incorporated, the World's Foremost Outfitter of hunting, fishing and outdoor gear, announced that pursuant to its existing credit agreement it has increased its revolving credit facility to $430 million from $325 million.
The five-year credit facility, which expires June 30, 2012, is supported by a consortium of financial institutions led by U.S. Bank.
Advances under the credit facility are used for general business purposes, including working capital support. The increased facility provides Cabela's with additional flexibility as it continues to add retail stores and expand its market presence.
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.
The five-year credit facility, which expires June 30, 2012, is supported by a consortium of financial institutions led by U.S. Bank.
Advances under the credit facility are used for general business purposes, including working capital support. The increased facility provides Cabela's with additional flexibility as it continues to add retail stores and expand its market presence.
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.
Cabela's Incorporated
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