{"url_path":"/sec/wsupw/8-k/2026-06-01/item-2-03","section_key":"item-2-03","section_title":"Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-01","source_url":"https://www.sec.gov/Archives/edgar/data/1819516/0001628280-26-039275-index.html","accession_number":"0001628280-26-039275","cik":"0001819516","ticker":"UP","issuer_name":"Wheels Up Experience Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1819516/0001628280-26-039275-index.html","primary_entity_key":"0001819516","primary_entity_name":"Wheels Up Experience Inc."},"word_count":364,"has_tables":true,"body_markdown":"Item 2.03    Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.\n\nCreation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.\n\nThe information set forth under Item 1.01 with respect to the 2026 Credit Agreement and Amendment No. 4 is incorporated by reference herein.\n\nCautionary Note Regarding Forward-Looking Statements\n\nThis Current Report contains certain “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside of the control of the Company. These forward-looking statements include, but are not limited to, statements regarding the 2023 Credit Agreement and 2026 Credit\n\nAgreement, including the financing transactions contemplated thereby and the ability to use net proceeds therefrom for working capital and general corporate purposes, including to advance the Company’s growth initiatives, further scale its premium Bombardier Challenger 300 and Embraer Phenom 300 series aircraft fleets and/or repay existing indebtedness, and to pay transaction-related expenses. The words “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “future,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that statement is not forward-looking. We have identified certain known material risk factors applicable to the Company under Part I, Item 1A “Risk Factors” in our [Annual Report on Form](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001819516/000162828026016512/up-20251231.htm)[ ](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001819516/000162828026016512/up-20251231.htm)[10-K for the year ended December 31, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001819516/000162828026016512/up-20251231.htm) filed with the SEC on March 10, 2026, under Part II, Item 1A “Risk Factors” in our [Quarterly Report on Form 10-Q for the quarter ended March 31, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001819516/000162828026033583/up-20260331.htm) filed with the SEC on May 11, 2026 and the Company’s other filings with the SEC from time to time. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, the Company does not intend to update any of these forward-looking statements after the date of this Current Report."}