Sun Country Airlines announces secondary offering of 5.25M shares by Apollo affiliate and concurrent $15M buyback

Sun Country Airlines Holdings, Inc.

Sun Country Airlines Holdings (SNCY) announced a secondary public offering of 5,250,000 shares by an affiliate of Apollo Global Management, with an underwriter option for an additional 787,500 shares.
The company will not receive any proceeds from the offering as the selling stockholder is offering all shares.
Sun Country authorized the purchase of up to 750,000 shares from the underwriter at the offering price, subject to a maximum aggregate repurchase price of $15 million.
The repurchase will be made under the company's existing $50 million stock repurchase program and funded from existing cash.

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