Sporting goods retailer Cabela’s is marketing another $400 million of notes from its Credit Card Master Note Trust, according to Fitch Ratings.

The Series 2015-II consists of five tranches; the senior, class A notes will be split into three tranches, one fixed-rate and one floating-rate, totaling $340 million. Both tranches have a preliminary ‘AAA’ rating from Fitch and benefit from credit enhancement of 15%, plus a cash collateral account.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.