{"filing":{"accession_number":"0001628280-26-052133","cik":"0001819516","ticker":"WSUPW","company_name":"Wheels Up Experience Inc.","form":"8-K","filing_date":"2026-08-04","report_date":"2026-07-31","primary_document":"up-20260731.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1819516/000162828026052133/up-20260731.htm"},"events":[{"id":24010,"run_id":21719,"accession_number":"0001628280-26-052133","anchor_item_number":"2.03","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"summary":"During Q2 2026, Wheels Up closed on multiple debt transactions: a new $100 million term loan from its lead investor group, a new $68 million aircraft financing facility arranged by AIP Capital, and an extension of Delta's $100 million revolving credit facility commitment by two additional years to September 20, 2028. These transactions represent material creation of direct financial obligations totaling at least $168 million in new debt facilities.","company_name":"Wheels Up Experience Inc.","ticker":"WSUPW","filing_date":"2026-08-04","form":"8-K","submitted_at":null,"items":[{"id":24390,"accession_number":"0001628280-26-052133","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The Item 1.01 disclosure centers on Amendment No. 5 to the Credit Agreement, dated July 31, 2026, whereby Delta extended the availability period of its $100 million revolving credit facility commitment by two additional years to September 20, 2028. While this is technically an amendment to an existing credit facility rather than a new issuance, it represents a material modification of a direct financial obligation—specifically, an extension of the borrowing period for a significant revolving credit commitment. The amendment was unanimously approved by disinterested board members and reflects continued support from the company's lead investor, making it material to investors assessing the company's liquidity and capital resources.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-05T02:38:22.114820+00:00","company_name":"","ticker":null,"filing_date":""},{"id":24392,"accession_number":"0001628280-26-052133","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 2.03 incorporates by reference Item 1.01 regarding a \"Credit Agreement Amendment.\" The earnings release supplement (EX-99.1) confirms that during Q2 2026, Wheels Up \"closed on two previously announced financial transactions – a new $100 million term loan provided by its lead investor group and a new $68 million aircraft financing facility arranged by a subsidiary of AIP Capital.\" Additionally, \"Delta and the Company extended the availability period for Delta's $100 million revolving credit facility commitment by an additional two years, to September 20, 2028.\" These represent creation of direct financial obligations totaling at least $168 million in new debt facilities, material to the registrant's capital structure and liquidity.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-05T02:38:22.114820+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":24011,"run_id":21719,"accession_number":"0001628280-26-052133","anchor_item_number":"2.02","event_type":"earnings_release","event_domain":"financial","is_material":true,"confidence":0.98,"summary":"Wheels Up disclosed financial results for the second quarter ended June 30, 2026, including GAAP revenue of $182.0 million, net loss of $107 million, and key operating metrics presented in a press release and investor letter with detailed financial tables and CEO commentary.","company_name":"Wheels Up Experience Inc.","ticker":"WSUPW","filing_date":"2026-08-04","form":"8-K","submitted_at":null,"items":[{"id":24391,"accession_number":"0001628280-26-052133","item_number":"2.02","item_title":"Results of Operations and Financial Condition.","event_type":"earnings_release","event_domain":"financial","is_material":true,"confidence":0.98,"reasoning":"The filing discloses Wheels Up's financial results for the second quarter ended June 30, 2026, including GAAP revenue of $182.0 million, net loss of $107 million, and key operating metrics. The press release and investor letter (Exhibits 99.1 and 99.2) present quarterly earnings with detailed financial tables, operational highlights, and CEO commentary—the hallmark of an earnings release under Item 2.02.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-05T02:38:22.114820+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":24390,"accession_number":"0001628280-26-052133","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The Item 1.01 disclosure centers on Amendment No. 5 to the Credit Agreement, dated July 31, 2026, whereby Delta extended the availability period of its $100 million revolving credit facility commitment by two additional years to September 20, 2028. While this is technically an amendment to an existing credit facility rather than a new issuance, it represents a material modification of a direct financial obligation—specifically, an extension of the borrowing period for a significant revolving credit commitment. The amendment was unanimously approved by disinterested board members and reflects continued support from the company's lead investor, making it material to investors assessing the company's liquidity and capital resources.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-05T02:38:22.114820+00:00","company_name":"Wheels Up Experience Inc.","ticker":"WSUPW","filing_date":"2026-08-04"},{"id":24391,"accession_number":"0001628280-26-052133","item_number":"2.02","item_title":"Results of Operations and Financial Condition.","event_type":"earnings_release","event_domain":"financial","is_material":true,"confidence":0.98,"reasoning":"The filing discloses Wheels Up's financial results for the second quarter ended June 30, 2026, including GAAP revenue of $182.0 million, net loss of $107 million, and key operating metrics. The press release and investor letter (Exhibits 99.1 and 99.2) present quarterly earnings with detailed financial tables, operational highlights, and CEO commentary—the hallmark of an earnings release under Item 2.02.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-05T02:38:22.114820+00:00","company_name":"Wheels Up Experience Inc.","ticker":"WSUPW","filing_date":"2026-08-04"},{"id":24392,"accession_number":"0001628280-26-052133","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 2.03 incorporates by reference Item 1.01 regarding a \"Credit Agreement Amendment.\" The earnings release supplement (EX-99.1) confirms that during Q2 2026, Wheels Up \"closed on two previously announced financial transactions – a new $100 million term loan provided by its lead investor group and a new $68 million aircraft financing facility arranged by a subsidiary of AIP Capital.\" Additionally, \"Delta and the Company extended the availability period for Delta's $100 million revolving credit facility commitment by an additional two years, to September 20, 2028.\" These represent creation of direct financial obligations totaling at least $168 million in new debt facilities, material to the registrant's capital structure and liquidity.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-05T02:38:22.114820+00:00","company_name":"Wheels Up Experience Inc.","ticker":"WSUPW","filing_date":"2026-08-04"}]}