{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-065982","form_type":"8-K","ticker":"UP","cik":"0001819516","company_name":"Wheels Up Experience Inc.","filed_at":"2026-05-26T10:57:34+00:00","discovered_at":"2026-05-26T11:00:00.303486+00:00","generated_at":"2026-05-26T11:00:13.140949+00:00","sec_items":["1.01","8.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"confidence":"high","headline":"Delta extends lock-up on 35.6% stake through May 2027; Wheels Up closes $68M equipment facility","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-065982","json":"https://secwatch.observer/filing/0001104659-26-065982.json","markdown":"https://secwatch.observer/filing/0001104659-26-065982.md","text":"https://secwatch.observer/filing/0001104659-26-065982.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819516/000110465926065982/0001104659-26-065982-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819516/000110465926065982/tm2615358d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T11:00:13.140949+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}