{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-099371","form_type":"8-K","ticker":"UP","cik":"0001819516","company_name":"Wheels Up Experience Inc.","filed_at":"2023-09-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.425280+00:00","generated_at":"2026-06-10T22:17:42.023429+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Wheels Up increases Delta note by $15M to $60M total","bullets":["Third Amendment to Secured Promissory Note with Delta Air Lines dated Sept 6, 2023.","Additional $15.0M principal received on Sept 6, 2023, bringing total to $60.0M.","No new material covenants or amendments to existing terms in the Note.","Delta Air Lines, Inc. is the payee under the amended note."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-099371","json":"https://secwatch.observer/filing/0001104659-23-099371.json","markdown":"https://secwatch.observer/filing/0001104659-23-099371.md","text":"https://secwatch.observer/filing/0001104659-23-099371.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819516/000110465923099371/0001104659-23-099371-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819516/000110465923099371/tm2325790d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T22:17:42.023429+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":"663ffcd4c8aa14089593ea14c3886f8dac78e998","claim":"Wheels Up Experience Inc. incurred senior notes of up to an additional $15.0 million with Delta Air Lines, Inc..","evidence_excerpt":"to increase the aggregate principal amount of the Note by up to an additional $15.0 million, of which the additional $15.0 million was received by the Company on September 6, 2023","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819516/000110465923099371/0001104659-23-099371-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"up to an additional $15.0 million"},{"label":"Counterparty","value":"Delta Air Lines, Inc."},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ee717d3c506a9c735e7343cafc6f496cbd60ac84","claim":"Wheels Up Experience Inc. entered into Third Amendment to Secured Promissory Note with Delta Air Lines, Inc. valued at $15.0 million (effective 2023-09-06).","evidence_excerpt":"the Company and Delta entered into the Third Amendment to Secured Promissory Note (the \"Note Third Amendment\" and together with the Note, the \"Amended Note\"), to increase the aggregate principal amount of the Note by up to an additional $15.0 million, of which the additional $15.0 million was received by the Company on September 6, 2023.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819516/000110465923099371/0001104659-23-099371-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Delta Air Lines, Inc."},{"label":"Value","value":"$15.0 million"},{"label":"Effective","value":"2023-09-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}