Cabela’s announces new credit facility
Sidney, Neb. — Cabela’s Inc. announced the signing of a new credit facility with a consortium of financial institutions led by U.S. Bank.
The new $415 million, five-year credit facility replaces Cabela’s existing $350 million, five-year agreement signed in 2007. Additionally, the new facility may be increased to $500 million subject to certain terms and conditions.
“The new facility provides us with long-term financing flexibility as we continue to expand our retail store footprint, increase brand loyalty through the operations of World’s Foremost Bank, focus on direct channel growth and increase our market share,” said Tommy Millner, Cabela’s CEO.
Safeway raises $14M for breast cancer research
PLEASANTON, Calif. — Safeway has announced its stores raised $14.5 million in October for breast cancer research. The company thanked its customers and employees for their commitment to finding a cure for the most common form of cancer for women.
"We continue to be humbled by the generosity of our customers and the commitment our employees have for the cause," said Larree Renda, EVP Safeway and chair of the Safeway Foundation. "This kind of fundraising outcome will have a real and measurable impact on the science of finding a cure."
During the last 11 years, Safeway and its nearly 1,700 stores — including Vons, Pavilions, Dominick’s, Tom Thumb, Randalls, Genuardi’s, Carrs and Pak ‘N Save — have raised more than $108 million for the cause.