Credit: REUTERS/DAVID GRAYOct 25 (Reuters) - Virgin Australia Holdings Ltd VAH.AX on Friday priced a $425 million issue of unsecured notes, the proceeds of which will partly fund the proposed acquisition of 35% of its Velocity frequent flyer programme that it does not already own.
Virgin had last month said it entered an agreement to buy back the Velocity stake for A$700 million ($477.26 million) from private-equity group Affinity Equity Partners.
The company has also obtained approval from the Foreign Investment Review Board for the Velocity acquisition.
($1 = 1.4667 Australian dollars)
(Reporting by Devika Syamnath in Bengaluru Editing by Chris Reese)
((Devika.Syamnath@thomsonreuters.com; +91 80 6749 1130;))
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