Wheels Up Closes $332 Million Revolving Financing Facility, Acquires 17 Embraer Phenom 300 Series Aircraft

MT Newswires Live

2024/11/14

Wheels Up Experience (UP) said Thursday it has secured a $332 million revolving equipment notes facility with Bank of America (BAC), and has acquired GrandView Aviation's fleet of 17 Embraer (ERJ) Phenom 300 and Phenom 300E aircraft.

The company first signed these deals for the transactions in October.

Price: 2.2400, Change: +0.07, Percent Change: +3.23

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