MINNEAPOLIS, March 8, 2021 / PRNewswire / – Sun Country Airlines Holdings, Inc. (“Sun Country Airlines”) today announced the launch of its initial public offering of 9,090,909 common shares. The price of the initial public offering is expected to be between $ 21.00 and $ 23.00 per share. Sun Country Airlines plans to grant underwriters a 30-day option to purchase up to 1,363,636 additional common shares at the initial public offering price, less subscription 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 of the offer, before deduction of discounts and subscription commissions, i.e. 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 of the Offer to fully repay all amounts outstanding under the CARES Act Loan and to pay fees and expenses associated with the Offer. 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 bookkeepers for the Offer, and Goldman Sachs & Co. LLC and Nomura are acting as joint bookkeepers for the Offer. Apollo Global Securities, AmeriVet Securities, Siebert Williams tail and Tribal Capital Markets, LLC are acting as co-managers of the offering.

The offer will be made only by means of a prospectus. Copies of the preliminary prospectus may be obtained from Barclays Capital Inc., c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by phone at 888-603-5847, or by email at [email protected], Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick, 2nd Floor, New York, New York 10014 or Deutsche Bank Securities Inc., to the attention of: Prospectus Department, 60 Wall Street, New York, New York 10005, phone: 800-503-4611 or email: [email protected].

A registration statement on Form S-1 relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities cannot be sold and offers to buy cannot be accepted before the entry into force of the registration statement.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and there will be no sale of such securities in any state or jurisdiction where such an offer, solicitation or sale would be. unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About the land of the sun Airlines companies

Sun Country Airlines is a new generation of low cost hybrid air carriers that dynamically deploys shared resources between our synergistic scheduled, charter and freight businesses. Situated at Minnesota, we focus on serving Leisure and Visiting Friends and Relatives (“VFR”) passengers and charter customers and providing CMI cargo services, with flights all over United States and to destinations in Mexico, central America and the Caribbean.

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SOURCE Sun Country Airlines Holdings, Inc.

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