Oct 25 (Reuters) - Virgin Australia Holdings Ltd VAH.AX on Friday priced a $425 million challenge o
Oct 25 (Reuters) – Virgin Australia Holdings Ltd VAH.AX on Friday priced a $425 million challenge of unsecured notes, the proceeds of which is able to partly fund the proposed acquisition of 35% of its Velocity frequent flyer programme that it doesn’t already personal.
Virgin had final month stated it entered an settlement to purchase again the Velocity stake for A$700 million ($477.26 million) from private-equity group Affinity Fairness Companions.
The corporate has additionally obtained approval from the International Funding Overview Board for the Velocity acquisition.
($1 = 1.4667 Australian {dollars})
(Reporting by Devika Syamnath in Bengaluru Modifying by Chris Reese)
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