Sun Country Airlines announces pricing of secondary public offerig

Sun Country Airlines (SNCY) Holdings announced the pricing of the previously announced secondary public offering of 6,346,105 shares of its common stock by an affiliate of certain investment funds managed by affiliates of Apollo Global Management, which represent all the remaining shares owned by the Selling Stockholder. The offering is expected to close, subject to customary closing conditions, on February 11, 2025. Sun Country Airlines is not selling any shares and will not receive any proceeds from the offering. In addition, Sun Country Airlines has agreed to purchase from the underwriters approximately $10M of shares of common stock that are the subject of the offering at a price per share equal to the price at which the underwriters will purchase such shares from the Selling Stockholder in the offering. Sun Country Airlines intends to fund the Concurrent Share Repurchase from existing cash on hand. Barclays and Morgan Stanley are acting as joint bookrunners and underwriters for the offering.