secwatch.observer — SEC 8-K summary
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Issuer:     Sun Country Airlines Holdings, Inc. (SNCY)
CIK:        0001743907
Form:       8-K
Filed at:   2023-12-11T23:59:59+00:00
Accession:  0000950142-23-002937
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Apollo affiliate launches 4M-share secondary offering; Sun Country to repurchase $5M
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- Secondary offering of 4,000,000 shares by affiliate of Apollo Global Management; underwriters have 30-day option for additional 600,000 shares.
- Company will not receive any proceeds from the offering; selling stockholder receives all proceeds.
- Company authorized ~$5 million repurchase of shares from underwriters at offering price, funded from cash on hand.
- Barclays and Morgan Stanley are joint bookrunners for the offering.
- The repurchase will reduce remaining availability under Sun Country's existing stock repurchase program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743907/000095014223002937/0000950142-23-002937-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743907/000095014223002937/eh230429188_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-002937

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