---
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"
generated_at: "2026-06-10T22:17:42.023429+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Wheels Up increases Delta note by $15M to $60M total

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-099371
- JSON: https://secwatch.observer/filing/0001104659-23-099371.json
- Plain text: https://secwatch.observer/filing/0001104659-23-099371.txt

## Key facts
- Debt Financings
  Wheels Up Experience Inc. incurred senior notes of up to an additional $15.0 million with Delta Air Lines, Inc..
  - Instrument: senior notes
  - Principal: up to an additional $15.0 million
  - Counterparty: Delta Air Lines, Inc.
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1819516/000110465923099371/0001104659-23-099371-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Delta Air Lines, Inc.
  - Value: $15.0 million
  - Effective: 2023-09-06
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1819516/000110465923099371/0001104659-23-099371-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.