secwatch.observer — SEC 8-K summary
======================================

Issuer:     Sun Country Airlines Holdings, Inc. (SNCY)
CIK:        0001743907
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0000950142-23-000432
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743907/000095014223000432/0000950142-23-000432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743907/000095014223000432/eh230330745_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-000432

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer