Wheels Up secures $100M unsecured term loan from Delta-led group; Q1 results released

Wheels Up Experience Inc.

• Delta, Cox and CK Wheels commit to $100M unsecured term loan; expected close Q2 2026.
• Loan matures earlier of 3 years from closing or 91 days before existing credit maturity; interest PIK.
• Proceeds for working capital, transaction costs, and general corporate purposes.
• Q1 2026 results announced but no specific financial figures included in this filing (shareholder letter referenced).
• Incremental facility up to an additional $100M available from new or existing lenders.

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