Wheels Up Secures $332 Million Revolving Financing Facility and Completes Acquisition of 17 Phenom 300 Series Aircraft [Yahoo! Finance]
Wheels Up Experience Inc. Class A (UP)
Company Research
Source: Yahoo! Finance
ATLANTA Nov. 14, 2024 /PRNewswire/ -- On November 13, 2024 , Wheels Up Experience Inc. (NYSE: UP ) closed its new $332 million revolving equipment notes facility with Bank of America, and completed the acquisition of GrandView Aviation's fleet of 17 Embraer Phenom 300 and Phenom 300E aircraft, and related maintenance assets and customer programs. The closings mark a major step forward for Wheels Up's strategic growth goals, aimed at delivering an elevated and reliable experience for its customers. Wheels Up first announced that it had entered into definitive agreements for these transactions on October 22, 2024 "Our fleet transition starts today with the strategic acquisition of GrandView's Phenom fleet and the immediate introduction of the Phenom fleet into our programmatic member as well as charter offerings as we head into the peak holiday travel season," said George Mattson , Chief Executive Officer. "By expanding our fleet with newer, more capable aircraft, we are positioning
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News
- Wheels Up Names Jill Greer as Executive Vice President, Investor Relations and Sustainability [Yahoo! Finance]Yahoo! Finance
- Wheels Up Names Jill Greer as Executive Vice President, Investor Relations and SustainabilityPR Newswire
- Wheels Up Secures $332 Million Revolving Financing Facility and Completes Acquisition of 17 Phenom 300 Series AircraftPR Newswire
- Wheels Up Experience Inc (UP) Q3 2024 Earnings Call Highlights: Strategic Partnerships and ... [Yahoo! Finance]Yahoo! Finance
- Wheels Up Reports Third Quarter ResultsPR Newswire
UP
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form 8-K
- 11/7/24 - Form 10-Q
- UP's page on the SEC website