Sporting goods retailer Cabela’s closed on its first credit card securitization of the year.

Cabela’s Credit Card Master Note Trust issued a total of $375 million of series 2015-I five-year notes. There are two senior tranches: $218.75 million of class A-1 notes that pay a fixed rate of 2.26% per year and $100 million of class A-2 notes that pay a floating rate of one-month LIBOR plus 54 basis points were sold to investors. 

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