Wheels Up secures USD 100 million unsecured term loan from Delta, Cox, CK Wheels

Wheels Up Experience

Wheels Up Experience

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  • Wheels Up entered a 2026 Credit Agreement for an unsecured USD 100 million term loan from Delta, Cox, CK Wheels, closing May 29, 2026.
  • Loan matures May 29, 2029, or 91 days before the September 20, 2028 maturity under its 2023 Credit Agreement.
  • Interest accrues at 12% per year, compounded quarterly, with payment-in-kind interest capitalized each quarter unless paid in cash.
  • Facility allows up to USD 100 million of additional incremental term loans, subject to lead-lender consent and participation.
  • Amendment No. 4 to the 2023 Credit Agreement permits the 2026 Term Loan, with other terms largely unchanged.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wheels Up Experience Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-039275), on June 01, 2026, and is solely responsible for the information contained therein.

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