Sun Country Airlines Holdings, Inc. has announced the pricing of its initial public offering (IPO) of 9,090,909 shares of its common stock at an initial public offering price of $24.00 per share. Sun Country Airlines has granted the underwriters a 30-day option to purchase up to an additional 1,363,636 shares of common stock at the initial public offering price, less underwriting discounts and commissions.

The shares are expected to begin trading on the Nasdaq Global Select Market under the symbol “SNCY” on March 17, 2021. The offering is expected to close on March 19, 2021, subject to customary closing conditions.

Sun Country Airlines expects the gross proceeds of the offering to be approximately $218.2 million, before deducting underwriting discounts and commissions, or $250.9 million if the underwriters exercise their over-allotment option in full. Sun Country Airlines intends to use a portion of the net proceeds from the offering to repay in full all amounts outstanding under the CARES Act Loan and to pay fees and expenses in connection with the offering. The remainder of the net proceeds will be used for general corporate purposes.

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Sun Country Airlines Holdings, Inc. today announced the launch of its initial public offering (IPO) of 9,090,909 shares of its common stock. The initial public offering price is expected to be between $21.00 and $23.00 per share. Sun Country Airlines expects to grant to the underwriters a 30-day option to purchase up to an additional 1,363,636 shares of common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to trade on the Nasdaq Global Select Market under the symbol “SNCY.”

Sun Country Airlines expects to receive gross proceeds of approximately $190.9 million to $209.1 million from the offering, before deducting underwriting discounts and commissions, or approximately $219.5 million to $240.4 million if the underwriters exercise their over-allotment option in full. Sun Country Airlines intends to use a portion of the net proceeds from the offering to repay in full all amounts outstanding under the CARES Act Loan and to pay fees and expenses in connection with the offering. The remainder of the net proceeds will be used for general corporate purposes.

Barclays, Morgan Stanley and Deutsche Bank Securities are acting as joint lead bookrunners for the offering, and Goldman Sachs & Co. LLC and Nomura are acting as joint bookrunners for the offering. Apollo Global Securities, AmeriVet Securities, Siebert Williams Shank and Tribal Capital Markets, LLC are acting as co-managers for the offering.

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Sun County Airlines is going public. The company issued this statement:

Sun Country Airlines Holdings, Inc. (Sun Country Airlines) has announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of its common stock. The number of shares offered and the price range for the proposed offering have not yet been determined. Sun Country Airlines intends to list its common stock on the Nasdaq Global Select Market under the ticker symbol “SNCY.”

Barclays, Morgan Stanley and Deutsche Bank Securities will serve as joint lead bookrunners, and Goldman Sachs & Co. LLC and Nomura will serve as joint bookrunners for the offering. Apollo Global Securities will serve as a co-manager. The offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering, when available, may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 888-603-5847, or by email at Barclaysprospectus@broadridge.com, Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick, 2nd Floor, New York, New York 10014 or Deutsche Bank Securities Inc., Attn: Prospectus Department, 60 Wall Street, New York, New York 10005, telephone: 800-503-4611 or email: prospectus.cpdg@db.com.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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Sun Country Airlines has announced the addition of 16 nonstop flights, adding nine airports to its growing network. The expansion includes nine nonstop routes from Minneapolis-St. Paul International Airport (MSP), two new nonstop routes from Dallas Fort Worth International Airport (DFW) and George Bush Intercontinental Airport (IAH) and one additional nonstop route from San Antonio International Airport (SAT), Indianapolis International Airport (IND) and Bradley International Airport (BDL).

The airline welcomes Bradley International Airport (BDL), John Wayne Airport (SNA), George Bush Intercontinental Airport (IAH), Raleigh-Durham International Airport (RDU), Glacier Park International Airport (FCA), Fairbanks International Airport (FAI), Jackson Hole Airport (JAC), Indianapolis International Airport (IND) and Cincinnati/Northern Kentucky International Airport (CVG) to its growing network.

In addition to the new routes, Sun Country also announced it is extending its current schedule through December 14, 2021. Sun Country customers now have access to more than 50 travel destinations and booking flexibility as they plan new travel and re-schedule any postponed vacations due to COVID-19 precautions.

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Sun Country Airlines is trimming its schedule due to decreased travel demand caused by the spread of the coronavirus.

The airline will drop three routes from Portland, Oregon to Honolulu, Las Vegas and San Francisco.

Beginning in April, Sun Country will also reduce the number of flights from its Minneapolis/St. Paul (MSP) hub and Los Angeles, Seattle/Tacoma, San Francisco, San Diego, Phoenix, Chicago-O’Hare, Mazatlán and Puerto Vallarta.

In May, the airline will reduce its schedule from MSP to Anchorage, Boston, Dallas-Fort Worth, Las Vegas, Newark and Fort Myers.

In May the airline will also end early its seasonal route between MSP and Punta Cana, Dominican Republic.

The airline hopes to restore full service in June.

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Sun Country Airlines is planning to add the Portland, OR – Los Cabos, Mexico route on December 18, 2019.

The new route will be operated two days a week.

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