---
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"
generated_at: "2026-05-26T11:00:13.140949+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-065982
- JSON: https://secwatch.observer/filing/0001104659-26-065982.json
- Plain text: https://secwatch.observer/filing/0001104659-26-065982.txt

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