Sun Country Airlines Closes Exercise of Over-Allotment Option in Connection with Secondary Offering

Paul, Weiss advised hybrid low-cost air carrier Sun Country Airlines Holdings, Inc. and certain stockholders, including an affiliate of funds managed by Apollo Global Management, Inc. affiliates, in the exercise of the underwriters’ over-allotment option in connection with Sun Country’s secondary offering. The underwriters purchased 435,291 shares of their 30-day option to purchase 1.275 million shares of Sun Country common stock from the selling stockholders at the offering price of $32.50 per share, less underwriting discounts and commissions, on November 16. The underwriters include Barclays, Morgan Stanley, Deutsche Bank Securities, Evercore ISI, Goldman Sachs & Co. LLC, Wolfe | Nomura Strategic Alliance, Apollo Global Securities, AmeriVet Securities, Siebert Williams Shank and Tribal Capital Markets.

The Paul, Weiss team included corporate partner Brian Janson.