---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-013997"
form_type: "8-K"
ticker: "SNCY"
cik: "0001743907"
company_name: "Sun Country Airlines Holdings, Inc."
filed_at: "2023-03-27T23:59:59+00:00"
generated_at: "2026-06-17T15:15:15.020327+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sun Country enters $119.2M term loan facility to acquire five Boeing 737-900ER aircraft

## Summary
- Term loan of $119.2M to acquire five Boeing 737-900ER aircraft from an unaffiliated third party.
- Aircraft currently on lease to another airline; leases expire Nov 2024, May 2025, Nov 2025, Mar 2025, May 2025.
- Interest: SOFR + 0.10% credit spread + 3.75% margin while leased, 3.25% while not leased.
- Maturity March 21, 2030; monthly amortization starting April 23, 2023. No prepayment penalty.
- Loan secured by aircraft and leases; customary covenants, no limit on unsecured debt.

## SEC filing metadata
- accession: 0001140361-23-013997
- form_type: 8-K
- ticker: SNCY
- cik: 0001743907
- company_name: Sun Country Airlines Holdings, Inc.
- filed_at: 2023-03-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1743907/000114036123013997/0001140361-23-013997-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1743907/000114036123013997/brhc10050332_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-013997
- JSON: https://secwatch.observer/filing/0001140361-23-013997.json
- Plain text: https://secwatch.observer/filing/0001140361-23-013997.txt

## Key facts
- Debt Financings
  Sun Country Airlines Holdings, Inc. incurred term loan of $119,200,000 with the lenders party thereto and UMB Bank, National Association, as facility agent, security trustee and account bank at term secured overnight funding rate (“SOFR”) (subject to a floor of 0.00%), plus maturing March 21, 2030.
  - Instrument: term loan
  - Principal: $119,200,000
  - Counterparty: the lenders party thereto and UMB Bank, National Association, as facility agent, security trustee and account bank
  - Rate: term secured overnight funding rate (“SOFR”) (subject to a floor of 0.00%), plus
  - Maturity: March 21, 2030
  - Event: incurrence
  source text: On March 21, 2023, Sun Country Airlines Holdings, Inc. (“Holdings,” the “Company,” “we,” “us” or “our”) entered into a $119,200,000 Term Loan Facility Agreement among the Sun Country Holdings, Sun Country, Inc. (D/B/A Sun Country Airlines) (“Sun Country”), the lenders party thereto and UMB Bank, National Association, as facility agent, security trustee and account bank (The “Term Loan Facility”). The proceeds of the Term Loan Facility will be used to acquire five Boeing 737-900ER aircraft from an unaffiliated third-party (the “Aircraft”). The Aircraft are currently on lease to an unaffiliated airline and will remain on lease with them until the leases expire on November 30, 2024, May 31, 2025, November 30, 2025, March 31, 2025 and May 31, 2025 at which time they will join the Sun Country fleet. The obligations of Sun Country and Holdings under the Term Loan Facility are primarily secured by the Aircraft and, so long as the Aircraft are on lease, the associated leases, including mainten
  evidence_url: https://www.sec.gov/Archives/edgar/data/1743907/000114036123013997/0001140361-23-013997-index.htm
- Material Agreements
  Sun Country Airlines Holdings, Inc. entered into Term Loan Facility with UMB Bank, National Association, as facility agent, security trustee and account bank valued at $119,200,000 (effective 2023-03-21).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: UMB Bank, National Association, as facility agent, security trustee and account bank
  - Value: $119,200,000
  - Effective: 2023-03-21
  source text: On March 21, 2023, Sun Country Airlines Holdings, Inc. (“Holdings,” the “Company,” “we,” “us” or “our”) entered into a $119,200,000 Term Loan Facility Agreement among the Sun Country Holdings, Sun Country, Inc. (D/B/A Sun Country Airlines) (“Sun Country”), the lenders party thereto and UMB Bank, National Association, as facility agent, security trustee and account bank (The “Term Loan Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1743907/000114036123013997/0001140361-23-013997-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.