{"schema_version":"secwatch.filing_event.v1","accession":"0001819516-24-000059","form_type":"8-K","ticker":"UP","cik":"0001819516","company_name":"Wheels Up Experience Inc.","filed_at":"2024-10-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.816992+00:00","generated_at":"2026-05-30T11:46:48.677062+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Wheels Up to acquire 17 Phenom aircraft for $105M, secure $332M revolver with Delta support","bullets":["Agreement with GrandView Aviation to buy 17 Embraer Phenom 300/300E aircraft and related assets for $105M.","Bank of America commits up to $332M senior secured revolving credit facility; Delta provides credit support.","Proceeds will fund the acquisition, redeem ~$148.9M existing equipment notes, and add ~$75-115M cash.","Wheels Up to sell all 13 owned Citation X aircraft and lease back to transition to Challenger 300 fleet.","Fleet modernization targets ~10-year average age reduction; Phenom and Challenger fleet complete in ~3 years."],"urls":{"canonical":"https://secwatch.observer/filing/0001819516-24-000059","json":"https://secwatch.observer/filing/0001819516-24-000059.json","markdown":"https://secwatch.observer/filing/0001819516-24-000059.md","text":"https://secwatch.observer/filing/0001819516-24-000059.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819516/000181951624000059/0001819516-24-000059-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819516/000181951624000059/up-20241022.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T11:46:48.677062+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"}