---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-118340"
form_type: "8-K"
ticker: "UP"
cik: "0001819516"
company_name: "Wheels Up Experience Inc."
filed_at: "2024-11-14T23:59:59+00:00"
generated_at: "2026-05-30T00:35:05.306153+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Wheels Up closes $332M revolving financing facility, acquires 17 Phenom aircraft

## Summary
- New $332M revolving equipment notes facility (initial $331.3M funded) with Bank of America; Delta credit support; maturity 2029.
- Acquired 17 Embraer Phenom 300/300E aircraft from GrandView Aviation for ~$95M cash; funded by facility.
- Redeemed in full all outstanding 2022 Term Equipment Notes; remaining ~$84.3M net proceeds for general corporate purposes.
- Phenom fleet to be introduced into programmatic and charter offerings for peak holiday travel season.

## SEC filing metadata
- accession: 0001104659-24-118340
- form_type: 8-K
- ticker: UP
- cik: 0001819516
- company_name: Wheels Up Experience Inc.
- filed_at: 2024-11-14T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819516/000110465924118340/0001104659-24-118340-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819516/000110465924118340/tm2428333d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-118340
- JSON: https://secwatch.observer/filing/0001104659-24-118340.json
- Plain text: https://secwatch.observer/filing/0001104659-24-118340.txt

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