Sun Country Aims To Use IPO Proceeds To Pay Off CARES Act Loan

Sun Country
Credit: Austin-Bergstrom International Airport / Twitter
Sun Country Airlines intends to use a portion of the proceeds from its upcoming IPO (initial public offering) to re-pay a loan from the U.S. government to eliminate some of the more stringent restrictions of the financing package. The Minneapolis-based airline aims to raise roughly $100 million from...

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