Delta extends lock-up on 35.6% stake through May 2027; Wheels Up closes $68M equipment facility

Wheels Up Experience Inc.

Delta extended lock-up on all its shares of Wheels Up common stock through May 22, 2027; shares represent ~35.6% of outstanding.
Closed $68M Series B Revolving Equipment Notes Facility, net proceeds ~$64.3M.
Total borrowing capacity under Revolving Equipment Notes Facilities increased to $400M.
Interest rate 5.97% per annum; proceeds for fleet expansion and working capital.
Company continues to pursue $100M unsecured term loan from Lead Lenders, expected to close in Q2 2026.

item 1.01 item 8.01 item 2.03 item 7.01 item 9.01

Featured in Daily 8-K Digest

Selected #9 for 2026-05-26. Read digest

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accession 0001104659-26-065982

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