{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-092027","form_type":"8-K","ticker":"UP","cik":"0001819516","company_name":"Wheels Up Experience Inc.","filed_at":"2023-08-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.424783+00:00","generated_at":"2026-06-11T09:35:59.104233+00:00","sec_items":["5.02","1.01","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Wheels Up secures $500M credit facility led by Delta, Certares, Knighthead; Dan Janki named Chairman","bullets":["Non-binding agreement for $500M facility ($400M term loan + $100M liquidity facility) from Delta, Certares, Knighthead.","Lenders to receive ~95% of pro forma fully diluted equity via new Class A common stock issuance.","Delta CFO Dan Janki appointed Chairman of Board, replacing Ravi Thakran who returns to director role.","Issuance of ~80% of shares without shareholder approval under NYSE Financial Distress Exception; remainder subject to vote.","Audit committee determined delay for stockholder approval would jeopardize company's financial viability."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-092027","json":"https://secwatch.observer/filing/0001104659-23-092027.json","markdown":"https://secwatch.observer/filing/0001104659-23-092027.md","text":"https://secwatch.observer/filing/0001104659-23-092027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819516/000110465923092027/0001104659-23-092027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819516/000110465923092027/tm2323878d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T09:35:59.104233+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"31716772eb","claim":"Daniel C. Janki was appointed as Chairman of the Board at Wheels Up Experience Inc..","evidence_excerpt":"Mr. Janki was also appointed Chairman of the Board, effective as of the Effective Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819516/000110465923092027/0001104659-23-092027-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chairman of the Board"}],"fact_type":"executive_change"},{"claim_id":"3d9dad2517","claim":"Ravi Thakran departed as Executive Chairman of the Board at Wheels Up Experience Inc..","evidence_excerpt":"Mr. Thakran departed from his position as Executive Chairman of the Board and transitioned the role of Chairman to Mr. Janki","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819516/000110465923092027/0001104659-23-092027-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"departed"},{"label":"Role","value":"Executive Chairman of the Board"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}