One Year Ago

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One Year Ago

Cabela’s priced a five-year, $500 million credit card asset-backed securitization, and planned to do one or two more deals in 2012.

Cabela’s priced a five-year, $500 million credit card asset-backed securitization, and planned to do one or two more deals in 2012. [The outdoor retailer came to market again last June, after which officials decided they had raised enough funding for the year. Cabela’s tried out a 10-year tranche in a new deal last week. An official at the company’s financing arm, World’s Foremost Bank, said the game-changer could prompt a shakeup for Cabela’s issuance plans for the year.

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