8-K 1 creditagreementform8-kx1.htm FORM 8-K ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT CreditAgreementForm8-K-1


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K


CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): June 18, 2014

CABELA’S INCORPORATED
(Exact name of registrant as specified in its charter)


Delaware
1-32227
20-0486586
(State or other jurisdiction
(Commission
(I.R.S. Employer
of incorporation)
File Number)
Identification No.)


One Cabela Drive, Sidney, Nebraska              69160
     (Address of principal executive offices)                         (Zip Code)


Registrant’s telephone number, including area code: (308) 254-5505


Not applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
















Item 1.01    Entry Into a Material Definitive Agreement.

On June 18, 2014, Cabela’s Incorporated (the “Company”) entered into an Omnibus Amendment to Loan Documents with the lenders named therein and U.S. Bank National Association, as Administrative Agent (the “Omnibus Amendment”) that amends (i) the Company’s Credit Agreement dated November 2, 2011, between the Company, the lenders named therein, U.S. Bank National Association, as Administrative Agent, Wells Fargo Bank, N.A., as Syndication Agent, and Bank of America, N.A., as Documentation Agent (the “Credit Agreement”) and (ii) a Guaranty dated November 2, 2011, that certain subsidiaries of the Company entered into with U.S. Bank National Association, as Administrative Agent, in connection with the Credit Agreement.

As a result of the Omnibus Amendment, the Credit Agreement, which formerly provided for a $415 million revolving credit facility with a $100 million sublimit for the issuance of letters of credit and a $20 million sublimit for swing line loans, now provides for a $775 million revolving credit facility with a $75 million sublimit for the issuance of letters of credit and a $30 million sublimit for swing line loans. The credit facility may, under the Credit Agreement, now be increased by up to $25 million subject to certain terms and conditions. The term of the credit facility, which formerly expired on November 2, 2016, now expires on June 18, 2019. Advances under the credit facility will be used for the Company’s general business purposes, including working capital support. The foregoing description of the Omnibus Amendment and the Credit Agreement, as amended, does not purport to be complete and is qualified in its entirety by reference to such documents, copies of which are attached hereto as Exhibit 10.1 (the Credit Agreement, as amended, is included as Exhibit A-2 to the Omnibus Amendment).
    
Certain of the lenders under the Credit Agreement, or their respective affiliates, have provided, currently provide, and/or may in the future provide investment banking, commercial banking, and/or other services to the Company and its subsidiaries. Customary fees have been, or may in the future be, paid for these services.

Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information included in Item 1.01 of this report is incorporated by reference into this Item 2.03.

Item 9.01     Financial Statements and Exhibits.

(d) Exhibits.

10.1
Omnibus Amendment to Loan Documents dated as of June 18, 2014, among Cabela's Incorporated, various lenders party thereto, and U.S. Bank National Association, as Administrative Agent
























SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
                            
 
 
CABELA’S INCORPORATED
 
 
 
 
Dated:
June 24, 2014
By:
/s/ Ralph W. Castner
 
 
 
Ralph W. Castner
Executive Vice President and Chief Financial Officer









































INDEX TO EXHIBITS

Exhibit No.     Description

10.1
Omnibus Amendment to Loan Documents dated as of June 18, 2014, among Cabela's Incorporated, various lenders party thereto, and U.S. Bank National Association, as Administrative Agent