SCHEDULE 13G/A: Apollo Entities Divest Entire Stake in Sun Country Airlines Holdings, Inc.

SCA Horus Holdings, LLC and affiliated Apollo entities, along with their directors, have reported a complete divestment of their beneficial ownership in Sun Country Airlines Holdings, Inc., holding 0% of common stock.

Summary

• SCA Horus Holdings, LLC, AP VIII (SCA Stock AIV), LLC, Antoine Munfakh, and Noah Falk (collectively, the "Reporting Persons") have filed an Amendment No. 5 to Schedule 13G.
• The filing indicates that the Reporting Persons no longer beneficially own any shares of Sun Country Airlines Holdings, Inc. common stock.
• Specifically, SCA Horus Holdings, LLC, referred to as the "Apollo Stockholder," previously held securities of the Issuer but no longer does.
• As of the filing, all Reporting Persons hold 0.00 shares, representing 0.0% of the outstanding common stock.
• The percentage of class is based on 52,939,832 shares of Common Stock outstanding as of September 30, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q filed on October 30, 2024.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of a change in beneficial ownership to zero percent. It does not contain forward-looking statements, financial performance data, or qualitative assessments that would indicate a positive or negative sentiment from the reporting entity's perspective. The sentiment is neutral as it is purely informational.

Future Outlook

NA

Industry Context

This filing reflects a change in institutional ownership within the airline sector. The divestment by Apollo-affiliated entities, a prominent private equity firm, could be a strategic portfolio adjustment or a response to specific market conditions or company performance, though the filing itself provides no such context. Such changes in significant institutional holdings are routinely monitored by market participants for potential implications on stock valuation and investor sentiment.

Stakeholder Impact

• Shareholders: The complete divestment by a significant institutional investor like Apollo could lead to increased selling pressure or a re-evaluation of the stock by other investors, potentially impacting share price.
• Company Management: While not directly impacting operations, the exit of a major investor might prompt management to engage with the market to understand and address any underlying concerns that may have led to the divestment.

Key Dates

Keywords

Sun Country Airlines Holdings Inc., SCA Horus Holdings LLC, AP VIII (SCA Stock AIV) LLC, Antoine Munfakh, Noah Falk, Schedule 13G, Beneficial Ownership, Common Stock, Divestment, Institutional Investor