Sun Country Airlines Holdings, Inc. Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase
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Sun Country Airlines Holdings, Inc. announced a secondary public offering of 6,346,105 shares by an affiliate of Apollo Global Management. Sun Country will not sell any shares or receive proceeds from this offering.
February 10, 2025 | 11:30 am
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Sun Country Airlines is undergoing a secondary public offering of 6,346,105 shares by Apollo Global Management. The company itself will not sell shares or receive proceeds.
The secondary offering increases the supply of SNCY shares in the market, which could lead to downward pressure on the stock price. The fact that Sun Country is not selling shares or receiving proceeds suggests no immediate financial benefit to the company.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90