Sun Country Airlines Holdings, Inc. Announces Pricing of Secondary Public Offering of Common Stock and Concurrent Share Repurchase

Core Viewpoint - Sun Country Airlines Holdings, Inc. announced a secondary public offering of 6,346,105 shares of common stock, which will close on February 11, 2025, and is managed by affiliates of Apollo Global Management, Inc. [1] Group 1: Offering Details - The offering consists of all remaining shares owned by the Selling Stockholder, and Sun Country Airlines will not sell any shares or receive any proceeds from this offering [2][1] - Sun Country Airlines plans to purchase approximately $10 million of shares from the underwriters at the same price as the offering, funded by existing cash [3] - Barclays and Morgan Stanley are acting as joint bookrunners and underwriters for the offering, which may be sold through various methods on the Nasdaq Global Select Market [4] Group 2: Company Overview - Sun Country Airlines is a hybrid low-cost air carrier based in Minnesota, focusing on leisure and visiting friends and relatives (VFR) passengers, charter customers, and providing cargo services to Amazon [7]