Cabela's Inc. Announces Increased Revolving Credit Facility.SIDNEY Sidney, city (1990 pop. 18,710), seat of Shelby co., W central Ohio, on the Great Miami River, in a farm area; founded 1811, inc. 1834. Refrigerator parts and machinery are among the items produced there. , Neb. -- Cabela's Incorporated (NYSE NYSE See: New York Stock Exchange : CAB), the World's Foremost Outfitter out·fit n. 1. A set of tools or equipment for a specialized purpose: a welder's outfit. See Synonyms at equipment. 2. A set of clothing, often with accessories. 3. [R] of hunting, fishing and outdoor gear, today announced that pursuant to its existing credit agreement it has increased its revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. 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. About Cabela's Incorporated Cabela's Incorporated, headquartered in Sidney, Nebraska Sidney is a city in Cheyenne County, Nebraska, United States. The population was 6,282 at the 2000 census. It is the county seat of Cheyenne CountyGR6. Geography Sidney is located at (41.139428, -102. , 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[R] 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[R]. 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[R] Visa credit card, which serves as its primary customer loyalty rewards program. |
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