Wheels Up appoints George Mattson as CEO; expands Delta loan by $10M to $70M

Wheels Up Experience Inc.

George N. Mattson named CEO of Wheels Up Partners LLC; expected to start in early October 2023.
Todd Smith, interim CEO, will remain as CFO after Mattson joins.
Fourth Amendment increases Delta secured promissory note by $10M, total principal now $70M.
Mattson brings 25 years of aviation experience; served as Goldman partner and Delta board member.
Non-binding agreement in principle for up to $500M facility from Delta, Certares, Knighthead, and others.

item 1.01 item 2.03 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Todd Smith

Chief Financial Officer

UP · Wheels Up Experience Inc.

Successor: George N. Mattson
Filed: September 18, 2023, 7:59 PM ET

Thereafter, Mr. Smith will continue to serve as WUP’s Chief Financial Officer and the Company’s principal financial officer and principal accounting officer.

Appointed

George N. Mattson

Chief Executive Officer

UP · Wheels Up Experience Inc.

Filed: September 18, 2023, 7:59 PM ET

the Company announced that the Board of Directors of the Company appointed George N. Mattson to serve as Chief Executive Officer of Wheels Up Partners LLC

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Todd Smith changed role as Chief Financial Officer at Wheels Up Experience Inc..

Role: Chief Financial Officer

Exact text from the filing

Thereafter, Mr. Smith will continue to serve as WUP’s Chief Financial Officer and the Company’s principal financial officer and principal accounting officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

George N. Mattson was appointed as Chief Executive Officer at Wheels Up Experience Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

the Company announced that the Board of Directors of the Company appointed George N. Mattson to serve as Chief Executive Officer of Wheels Up Partners LLC

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Wheels Up Experience Inc. amended Fourth Amendment to Secured Promissory Note with Delta Air Lines, Inc. valued at an additional $10.0 million (effective 2023-09-14).

Action: amendment
Agreement: credit facility
Counterparty: Delta Air Lines, Inc.
Value: an additional $10.0 million
Effective: 2023-09-14

Exact text from the filing

On September 14, 2023, the Company and Delta entered into the Fourth Amendment to Secured Promissory Note (the “Note Fourth Amendment” and together with the Note, the “Amended Note”), to increase the aggregate principal amount of the Note by up to an additional $10.0 million, of which the additional $10.0 million was received by the Company on September 14, 2023.

View on SEC.gov

273 material agreements filed in the last 30 days. Browse all material agreements →

Wheels Up Experience Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-101654

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.