# Wheels Up Experience Inc. (WSUPW) — capital_raise [announced]
Source: SEC API (secapi.ai) · situation sit_25a54b01393c3a730ec4 · retrieved 2026-08-11T16:12:44.015Z

## Overview
Wheels Up Experience Inc. is a leading global provider of on-demand private aviation with a large, diverse fleet and a network of safety-vetted charter operators, offering charter and membership programs and premium commercial travel benefits through a strategic partnership with Delta Air Lines.

On July 31, 2026, Wheels Up Experience Inc. entered into Amendment No. 5 to its Credit Agreement with Delta Air Lines, Inc. and U.S. Bank Trust Company, N.A. Delta extended the availability period for its $100.0 million revolving credit facility commitment by two additional years, from September 20, 2026 to September 20, 2028. The amendment did not change the commitment amount, events of default, covenants, collateral provisions, or existing borrowing terms. As of the amendment date, Delta beneficially owned approximately 36.3% of Wheels Up's outstanding Class A common stock, with shares in excess of 29.9% designated as neutral shares with respect to voting rights. The amendment was unanimously approved by the disinterested, independent members of Wheels Up's Board of Directors.

## Terms
- Counterparty: Delta Air Lines, Inc. · Deal value: $100.0M · Stake: 36.3%

## Key dates
- Announced 2026-08-04

## Timeline
- 2026-08-04 · 8-K (0001628280-26-052133): 8-K - Wheels Up Experience Inc. — *Wheels Up Experience Inc. is a leading global provider of on-demand private aviation with a large, diverse fleet and a network of safety-vetted charter operators, offering charter and membership programs and premium commercial travel benefits through a strategic partnership with Delta Air Lines.* On July 31, 2026, Wheels Up Experience Inc. entered into Amendment No. 5 to its Credit Agreement with Delta Air Lines, Inc. and U.S. Bank Trust Company, N.A. Delta extended the availability period for its $100.0 million revolving credit facility commitment by two additional years, from September 20, 2026 to September 20, 2028. The amendment did not change the commitment amount, events of default, covenants, collateral provisions, or existing borrowing terms. As of the amendment date, Delta beneficially owned approximately 36.3% of Wheels Up's outstanding Class A common stock, with shares in excess of 29.9% designated as neutral shares with respect to voting rights. The amendment was unanimously approved by the disinterested, independent members of Wheels Up's Board of Directors.
  https://www.sec.gov/Archives/edgar/data/1819516/0001628280-26-052133.txt

## Citations
- 0001628280-26-052133 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000162828026052133