Sun Country Airlines Holdings (SNCY) Prices 7.25M Share Upsized Secondary Offering at $34.50/Sh

Sun Country Airlines Holdings, Inc. (NASDAQ: SNCY) (“Sun Country Airlines”) today announced the pricing of an upsized secondary public offering of 7,250,000 shares of its common stock by an affiliate of certain investment funds managed by affiliates of Apollo Global Management, Inc. (the “Selling Stockholder”) at a price to the public of $34.50 per share. The offering is expected to close on May 24, 2021, subject to satisfaction of customary conditions.

The underwriters will have a 30-day option to purchase up to an additional 1,087,500 shares of common stock from the Selling Stockholder. Sun Country Airlines is not selling any shares and will not receive any proceeds from the offering.

Barclays, Morgan Stanley and Deutsche Bank Securities are acting as joint lead bookrunners for the offering and Goldman Sachs & Co. LLC and Nomura are acting as joint bookrunners for the offering. Apollo Global Securities, AmeriVet Securities, Siebert Williams Shank and Tribal Markets, LLC are acting as co-managers for the offering.

The offering will be made only by means of a prospectus.

About Sun Country Airlines

Sun Country Airlines is a new breed of hybrid low-cost air carrier that dynamically deploys shared resources across our synergistic scheduled service, charter and cargo businesses. Based in Minnesota, we focus on serving leisure and visiting friends and relatives passengers and charter customers and providing cargo CMI services, with flights throughout the United States and to destinations in Mexico, Central America and the Caribbean.

You May Also Be Interested In

• BuzzFeed sells shares to Byron Allen affiliate for $5.8 million
• Syensqo SA (SYENS:BB) PT Raised to EUR74 at Deutsche Bank
• HBX Group International PLC (BME:HBX) PT Lowered to EUR10.10 at Deutsche Bank