Brief: Wheels Up announces fleet modernization strategy, associated transactions

Wheels Up Experience

22/10/2024 22:48

Oct 22 (Reuters) - Wheels Up Experience Inc  UP.N :
    * WHEELS UP ANNOUNCES FLEET MODERNIZATION STRATEGY AND
ASSOCIATED
TRANSACTIONS
    * WHEELS UP EXPERIENCE INC - TO TRANSITION JET FLEETS TO
PHENOM
300 AND CHALLENGER 300
    * WHEELS UP EXPERIENCE INC - TO ACQUIRE GRANDVIEW AVIATION'S
17
PHENOM 300 AIRCRAFT
    * WHEELS UP EXPERIENCE INC - TO SELL CITATION X FLEET, LEASE
FOR
TRANSITION TO CHALLENGER
    * WHEELS UP EXPERIENCE INC - BANK OF AMERICA TO PROVIDE
FINANCING
WITH DELTA AIR LINES CREDIT SUPPORT
    * WHEELS UP EXPERIENCE INC - TO ACQUIRE GRANDVIEW'S PHENOM
FLEET
FOR $105 MILLION
    * WHEELS UP EXPERIENCE INC - SECURES $332 MILLION CREDIT
FACILITY
FROM BANK OF AMERICA
    * WHEELS UP EXPERIENCE INC - FINANCING EXPECTED TO ADD $115
MILLION CASH TO WHEELS UP BALANCE SHEET

Source text for Eikon:  ID:nPn2Y9YVFa 
Further company coverage:  UP.N 

 ((Reuters.Briefs@thomsonreuters.com;))