Sun Country Airlines announces secondary offering and concurrent share repurchase

Sun Country Airlines Holdings, Inc.

Selling stockholder (Apollo affiliate) sold 5,250,000 shares in secondary public offering.
Company repurchased 750,000 shares from underwriter at offering price using existing cash.
Repurchase made under existing $50 million stock buyback program, reducing remaining availability.
Underwriter granted 30-day option to purchase up to an additional 787,500 shares from selling stockholder.
Company did not receive any proceeds from the secondary offering.

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