Sun Country Airlines Completes $287 Million Secondary Offering

Paul, Weiss advised Sun Country Airlines Holdings, Inc., a hybrid low-cost air carrier, and selling stockholder SCA Horus Holdings, LLC, an affiliate of certain investment funds managed by affiliates of Apollo Global Management, Inc., in a secondary offering of 8,337,500 shares of Sun Country’s common stock by the selling stockholder. The shares in the secondary offering were priced at $34.50 per share, for gross proceeds of approximately $287 million to the selling stockholder. Barclays and Morgan Stanley acted as joint bookrunning managers for the transaction. 

The Paul, Weiss team included, among others, corporate partners Brian Janson and Brian Finnegan; tax partner Brad Okun; and executive compensation counsel Lisa Krausz Eisenberg.