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Wheels Up Secures $332 Million Revolving Financing Facility and Completes Acquisition of 17 Phenom 300 Series Aircraft

Wheels Up Secures $332 Million Revolving Financing Facility and Completes Acquisition of 17 Phenom 300 Series Aircraft

Wheels Up獲得33200萬美元的循環融資設施,並完成收購17架Phenom 300系列飛機。
PR Newswire ·  11/14 08:00

New Bank of America-led facility, with Delta Air Lines credit support, provides growth flexibility as Wheels Up expands its fleet with GrandView Aviation assets to enhance customer experience

美國銀行主導的新融資設施,藉助達美航空的信用支持,爲Wheels Up擴展其機隊提供了增長的靈活性,同時增強客戶體驗的巴西航空工業資產。

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.

亞特蘭大,2024年11月14日 /PRNewswire/ -- 在2024年11月13日,Wheels Up Experience Inc.(紐交所:UP)與美國銀行關閉了其新的33200萬美元的循環設備票據設施,並完成了對巴西航空工業17架Phenom 300和Phenom 300E飛機及相關維護資產和客戶項目的收購。這些收購標誌着Wheels Up在其戰略增長目標上的重大進展,旨在爲客戶提供更高水平和可靠的體驗。Wheels Up首次宣佈已於2024年10月22日達成這些交易的正式協議。

"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 Wheels Up to remain at the forefront of our industry, offering our customers private aviation solutions that deliver greater flexibility, enhanced comfort, and the reliable access our customers expect."

首席執行官喬治·馬特森表示:「我們的機隊過渡從今天開始,戰略性收購GrandView的Phenom機隊,並立即將這些飛機引入我們的會員計劃,以及包機服務,正值假期旅行高峰季節。通過擴展更新、更具能力的飛機機隊,我們將Wheels Up定位在行業的前沿,爲客戶提供能夠實現更大靈活性、增強舒適度和可靠訪問的私人航空解決方案。」

The company's new $332 million revolving equipment notes facility, backed by credit support from Delta Air Lines, refinanced Wheels Up's existing owned fleet, financed the purchase of GrandView's fleet, and will provide additional borrowing access to support the completion of Wheels Up's fleet transition.

該公司的33200萬美元新循環設備票據設施,由達美航空提供信用支持,重新融資了Wheels Up現有的自有機隊,資助了GrandView機隊的購買,並將提供額外的借款渠道,以支持完成Wheels Up的機隊過渡。

About Wheels Up

關於Wheels Up

Wheels Up is a leading provider of on-demand private aviation in the U.S. and one of the largest companies in the industry. Wheels Up offers a complete global aviation solution with a large and diverse fleet and a global network of safety vetted charter operators, all backed by an uncompromising commitment to safety and service. Customers can access charter and membership programs, as well as unique commercial travel benefits through a one-of-a-kind, strategic partnership with Delta Air Lines. Wheels Up also offers freight, safety and security solutions and managed services to individuals, industry, government and civil organizations.

Wheels Up是美國按需私人航空領先供應商之一,也是該行業最大的公司之一。 Wheels Up提供全球航空完整解決方案,擁有龐大和多樣化的機隊以及全球安全審核的包機運營商網絡,並始終致力於安全和服務。用戶可通過與達美航空的獨特戰略合作關係訪問包機和會員計劃以及獨特的商務旅行福利。 Wheels Up還爲個人、行業、政府和民間組織提供貨運、安全和保障解決方案以及管理服務。

Wheels Up is guided by the mission to deliver a premium solution for every customer journey. With the Wheels Up mobile app and website, members and customers have the digital convenience to search, book and fly.

Wheels Up的使命是爲每一位客戶提供高品質解決方案。通過Wheels Up移動應用和網站,會員和客戶可以享受數字化便利,搜索、預訂和飛行。

Cautionary Note Regarding Forward-Looking Statements

關於前瞻性聲明的警告

This press release 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 Wheels Up Experience Inc. ("Wheels Up" or the "Company"). These forward-looking statements include, but are not limited to, statements regarding: (i) the new $332 million revolving equipment notes facility (the "Revolving Equipment Notes Facility") and financing transactions contemplated thereby, including the Company's use of net proceeds therefrom for general corporate purposes or to execute the Company's previously announced fleet modernization strategy; (ii) the ability of the Company to reborrow under the Revolving Equipment Notes Facility in the future, subject to any restrictions under the related definitive documentation or pursuant to the agreements governing the Company's existing indebtedness obligations, and use the net proceeds from such reborrowings to acquire additional aircraft or for general corporate purposes; (iii) the Company's intended use and future operation of the assets acquired from Grandview Aviation LLC ("GrandView Aviation"), and any expected financial or operational benefits or impacts to the Company as a result of the transactions contemplated by the definitive documentation for such acquisition or the operation of the assets acquired from GrandView Aviation; and (iv) the Company's fleet modernization strategy and the ability of the Company to execute such strategy, as well as the expected operational impacts to the Company from implementing such strategy on the timeline that it currently anticipates. The words "anticipate," "continue," "could," "expect," "plan," "potential," "should," "would," "pursue" and similar expressions, may identify forward-looking statements, but the absence of these words does not mean that statement is not forward-looking. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 filed with the U.S. Securities and Exchange Commission ("SEC") on March 7, 2024 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 press release.

本新聞稿包含根據聯邦證券法定義的某些「前瞻性陳述」。前瞻性陳述是關於未來事件的預測、計劃和其他聲明,這些聲明基於當前的期望和假設,因此受已知和未知的風險、不確定性、假設及其他重要因素的影響,其中許多因素都超出了Wheels Up Experience Inc.(「Wheels Up」或「公司」)的控制範圍。這些前瞻性陳述包括但不限於關於:(i) 新的$33200萬循環設備票據融資(「循環設備票據融資」)及相關融資交易的陳述,包括公司將其淨收益用於一般企業用途或執行公司之前宣佈的機隊現代化策略;(ii) 公司在未來是否能夠在循環設備票據融資下重新借款,受相關最終文件的任何限制或根據公司現有債務義務的協議,使用此類重新借款的淨收益來購買額外的飛機或用於一般企業用途;(iii) 公司擬定使用並未來操作從Grandview Aviation LLC(「GrandView Aviation」)收購的資產,以及因該收購的最終文件所考慮的交易或從GrandView Aviation收購資產的操作所帶來的任何預期財務或運營利益或影響;以及(iv) 公司的機隊現代化策略及公司執行該策略的能力,以及實施該策略對公司的預期運營影響,按照公司當前預期的時間表進行。「預期」、「繼續」、「可能」、「期望」、「計劃」、「潛在」、「應該」、「會」、「追求」等類似表達可能標識前瞻性陳述,但缺乏這些詞並不意味着該聲明不是前瞻性陳述。可能導致實際結果與前瞻性陳述中表達或暗示的結果有重大差異的因素可以在公司於2023年12月31日結束的年度10-K表格年報中找到,該年報已於2024年3月7日向美國證券交易委員會(「SEC」)提交,並且公司不時的其他向SEC的提交文件中。請注意,不要過於依賴任何僅在製作日期上有效的前瞻性陳述。除非法律要求,公司無意在本新聞稿日期之後更新任何這些前瞻性陳述。

Contacts

聯繫方式

Investors:
[email protected]

投資者:
[email protected]

Media:
[email protected]

媒體:
[email protected]

SOURCE Wheels Up

Wheels Up消息來源

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