Wheels Up Experience Inc. - 8-K Filing
Wheels Up Experience Inc. entered into a $100 million unsecured term loan facility on May 29, 2026 under the 2026 Term Loan Credit Agreement with Delta Air Lines, Cox Investment Holdings, and CK Wheels as lead lenders. The company will use proceeds for working capital, fleet expansion of Bombardier Challenger 300 and Embraer Phenom 300 aircraft, repayment of existing debt, and transaction expenses. Interest accrues at 12% annually with a maturity date no later than May 29, 2029. (Items: 1.01 Entry into a Material Definitive Agreement, 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, 9.01 Financial Statements and Exhibits)
Tickers: $UP