CABELAS INC - FORM 8-K - EX-99 - EXHIBIT 99 (CABELA'S CCMNT FINANCIAL INFORMATION FOR APRIL 2014) - May 15, 2014

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8-K - FORM 8-K (CABELA'S CCMNT FINANCIAL INFORMATION FOR APRIL 2014) - CABELAS INCa8-kapril2014cabelascredit.htm

Exhibit 99
April 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cabela's Credit Card Master Note Trust
CABMT 10-1
 
CABMT 10-2
 
CABMT 11-2
 
CABMT 11-4
 
CABMT 12-1
 
CABMT 12-2
Deal Size
 
$300M
 
$250M
 
$300M
 
$300M
 
$500M
 
$500M
Expected Maturity
 
1/15/2015
 
9/15/2015
 
6/15/2016
 
10/17/2016
 
2/15/2017
 
6/15/2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Portfolio Yield
 
19.39
%
 
19.39
%
 
19.39
%
 
19.39
%
 
19.39
%
 
19.39
%
Less: Base Rate
 
3.36
%
 
3.46
%
 
3.49
%
 
3.26
%
 
3.10
%
 
3.03
%
Gross Charge-offs
 
1.99
%
 
1.99
%
 
1.99
%
 
1.99
%
 
1.99
%
 
1.99
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Excess Spread:
Apr 2014
14.04
%
 
13.94
%
 
13.91
%
 
14.14
%
 
14.30
%
 
14.37
%
 
Mar 2014
14.34
%
 
14.21
%
 
14.18
%
 
14.41
%
 
14.57
%
 
14.64
%
 
Feb 2014
13.31
%
 
13.11
%
 
13.08
%
 
13.30
%
 
13.46
%
 
13.53
%
 
 
 
 
 
 
 
 
 
 
 
 
 
3 Month Average Excess Spread
 
13.90
%
 
13.75
%
 
13.72
%
 
13.95
%
 
14.11
%
 
14.18
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Delinquencies:
30 to 59 days
0.21
%
 
0.21
%
 
0.21
%
 
0.21
%
 
0.21
%
 
0.21
%
 
60 to 89 days
0.18
%
 
0.18
%
 
0.18
%
 
0.18
%
 
0.18
%
 
0.18
%
 
90+ days
0.19
%
 
0.19
%
 
0.19
%
 
0.19
%
 
0.19
%
 
0.19
%
 
Total
0.58
%
 
0.58
%
 
0.58
%
 
0.58
%
 
0.58
%
 
0.58
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal Payment Rate
 
40.25
%
 
40.25
%
 
40.25
%
 
40.25
%
 
40.25
%
 
40.25
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Payment Rate
 
41.87
%
 
41.87
%
 
41.87
%
 
41.87
%
 
41.87
%
 
41.87
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Month End Principal Receivables
$3,733,527,606
 
$3,733,527,606
 
$3,733,527,606
 
$3,733,527,606
 
$3,733,527,606
 
$3,733,527,606








1

Exhibit 99
April 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Cabela's Credit Card Master Note Trust
CABMT 13-1
 
CABMT 13-2
 
CABMT 14-1
Deal Size
 
$385M
 
$350M
 
$300M
Expected Maturity
 
2/15/2023
 
8/15/2018
 
3/15/2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Portfolio Yield
 
19.39
%
 
19.39
%
 
18.96
%
Less: Base Rate
 
4.30
%
 
3.07
%
 
2.47
%
Gross Charge-offs
 
1.99
%
 
1.99
%
 
2.01
%
 
 
 
 
 
 
 
Excess Spread:
Apr 2014
13.10
%
 
14.33
%
 
14.48
%
 
Mar 2014
13.36
%
 
14.60
%
 
N/A

 
Feb 2014
12.24
%
 
13.51
%
 
N/A

 
 
 
 
 
 
 
3 Month Average Excess Spread
 
12.90
%
 
14.15
%
 
14.48
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Delinquencies:
30 to 59 days
0.21
%
 
0.21
%
 
0.21
%
 
60 to 89 days
0.18
%
 
0.18
%
 
0.18
%
 
90+ days
0.19
%
 
0.19
%
 
0.19
%
 
Total
0.58
%
 
0.58
%
 
0.58
%
 
 
 
 
 
 
 
Principal Payment Rate
 
40.25
%
 
40.25
%
 
40.25
%
 
 
 
 
 
 
 
Total Payment Rate
 
41.87
%
 
41.87
%
 
41.87
%
 
 
 
 
 
 
 
Month End Principal Receivables
$3,733,527,606
 
$3,733,527,606
 
$3,733,527,606


2

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