secwatch.observer — SEC 8-K summary
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Issuer:     Wheels Up Experience Inc. (UP)
CIK:        0001819516
Form:       8-K
Filed at:   2023-08-21T23:59:59+00:00
Accession:  0001104659-23-093978
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Wheels Up amends Delta note to $45M total; extends equipment note grace period
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- Delta note originally $15M, increased to $25M on Aug 16, then up to $45M via second amendment.
- Additional $10M received Aug 16; further $20M available under second amendment.
- Grace period for Series A-1 equipment notes extended to Aug 23, 2023.
- Amendments do not contain additional material covenants or terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819516/000110465923093978/0001104659-23-093978-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819516/000110465923093978/tm2324269d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-093978

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer