MINNEAPOLIS, Feb.10, 2025 (GLOBE NEWSWIRE) -- Sun Country Airlines Holdings, Inc.(NASDAQ:SNCY) ("Sun Country Airlines") today announced the pricing of the previously announced secondary public offering of 6,346,105 shares of its common stock by an affiliate of certain investment funds managed by affiliates of Apollo Global Management, Inc.(the "Selling Stockholder"), which represent all the remaining shares owned by the Selling Stockholder.
The underwriters for the offering may offer the shares of common stock for sale from time to time directly or through agents, or through brokers in one or more brokerage transactions on the Nasdaq Global Select Market, or to dealers in negotiated transactions or in a combination of such methods of sale, at a fixed price or prices, which may be changed, or at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.
In addition, Sun Country Airlines has agreed to purchase from the underwriters approximately $10 million of shares of common stock that are the subject of the offering at a price per share equal to the price at which the underwriters will purchase such shares from the Selling Stockholder in the offering (the "Concurrent Share Repurchase").
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