Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Wheels Up Experience Inc. incurred credit facility of $68.0 million with Wilmington Trust, National Association maturing November 23, 2027.
- Instrument
- credit facility
- Principal
- $68.0 million
- Counterparty
- Wilmington Trust, National Association
- Maturity
- November 23, 2027
- Event
- incurrence
Exact text from the filing
purport to be complete and is qualified in its entirety by reference to a copy thereof, which is attached hereto as Exhibit 10.1 and incorporated by reference herein. Closing of $68 million Series B Revolving Equipment Notes Facility On May 21, 2026 (the “Closing Date”), Wheels Up Partners LLC (“WUP LLC”), an indirect subsidiary of the Company, completed its
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Wheels Up Experience Inc. entered into Series B Revolving Equipment Notes Facility with Wilmington Trust, National Association (as subordination agent and trustee), Wheels Up Class B-1 Loan Trust 2024-1 valued at $68.0 million Series B Revolving Equipment Notes Facility; net proceeds of approximately $64.3 milli (effective 2026-05-21).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Wilmington Trust, National Association (as subordination agent and trustee), Wheels Up Class B-1 Loan Trust 2024-1
- Value
- $68.0 million Series B Revolving Equipment Notes Facility; net proceeds of approximately $64.3 milli
- Effective
- 2026-05-21
Exact text from the filing
the Series B NPA provides for the issuance from time to time by WUP LLC of Series B-1 equipment notes (collectively, the “Series B Revolving Equipment Notes”) in the aggregate principal amount not to exceed $68.0 million (the “Series B Commitment Amount” and, such facility, the “Series B Revolving Equipment Notes Facility”), of which all $68.0 million aggregate principal amount of Series B Revolving Equipment Notes were issued on the Closing Date.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Wheels Up Experience Inc. amended Amendment No. 4 to Investment and Investor Rights Agreement with Delta Air Lines, Inc. valued at Extension of lock-up restriction on Delta's shares through May 22, 2027; extension of deadline for f (effective 2026-05-23).
- Action
- amendment
- Counterparty
- Delta Air Lines, Inc.
- Value
- Extension of lock-up restriction on Delta's shares through May 22, 2027; extension of deadline for f
- Effective
- 2026-05-23
Exact text from the filing
On May 23, 2026 (the “Amendment Date”), Wheels Up Experience Inc. (the “Company”) entered into Amendment No. 4 to Investment and Investor Rights Agreement (the “Investor Rights Agreement Amendment”), with Delta Air Lines, Inc. (“Delta”) to amend and extend certain transfer restrictions set forth in the Investment and Investor Rights Agreement, dated September 20, 2023, by and among, the Company, Delta and each of CK Wheels LLC (“CK Wheels”), Cox Investment Holdings, LLC (“CIH” and, collectively with Delta and CK Wheels, the “Lead Lenders”), Kore Air LLC, Pandora Select Partners, L.P., Whitebox GT Fund, LP, Whitebox Multi-Strategy Partners, L.P., and Whitebox Relative Value Partners, L.P. (collectively with Delta, the “Investors”) (as amended by Amendment No. 1 thereto, dated as of November 15, 2023, as further amended by Amendment No. 2 thereto, dated as of September 22, 2024, as further amended by Amendment No. 3 thereto, dated as of September 21, 2025, as further amended by the Inves
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