other material
confidence high
sentiment neutral
materiality 0.55
Sun Country Airlines announces secondary offering of 6.3M shares by Apollo affiliate with $10M buyback
Sun Country Airlines Holdings, Inc.
- Apollo affiliate to sell all remaining 6,346,105 SNCY shares; company receives no proceeds.
- Company authorized $10M concurrent share repurchase from underwriters at offering price, funded from cash.
- Barclays and Morgan Stanley are joint bookrunners for the offering.
- Shelf registration effective; offering by prospectus supplement.
- Audit committee and board approved repurchase terms.