Table:
|  |  | Year Ended December 31, |  | 2019 vs. 2018 | 2018 vs. 2017 |
| --- | --- | --- | --- | --- | --- |
| (In millions) | 2019 | 2018 | 2017 | Change | Change |
| Interest expense on our various debt instruments: |  |  |  |  |  |
| Term Loan A due July 2017(1) | $ — | $ — | $ 3.6 | $ — | $ (3.6) |
| Term Loan A due July 2022(2) | 6.8 | — | — | 6.8 | — |
| Term Loan A due July 2023(3) | 8.5 | 8.9 | 18.6 | (0.4) | (9.7) |
| Revolving credit facility due July 2023(3) | 1.4 | 1.9 | 2.4 | (0.5) | (0.5) |
| 6.50% Senior Notes due December 2020(4) | 25.4 | 28.1 | 28.1 | (2.7) | — |
| 4.875% Senior Notes due December 2022 | 21.5 | 21.5 | 21.5 | — | — |
| 5.25% Senior Notes due April 2023 | 23.1 | 23.1 | 23.0 | — | 0.1 |
| 4.50% Senior Notes due September 2023 | 20.7 | 21.8 | 21.0 | (1.1) | 0.8 |
| 5.125% Senior Notes due December 2024 | 22.4 | 22.4 | 22.3 | — | 0.1 |
| 5.50% Senior Notes due September 2025 | 22.4 | 22.4 | 22.3 | — | 0.1 |
| 4.00% Senior Notes due December 2027(4) | 1.7 | — | — | 1.7 | — |
| 6.875% Senior Notes due July 2033 | 31.1 | 31.0 | 31.0 | 0.1 | — |
| Other interest expense | 19.4 | 18.2 | 18.3 | 1.2 | (0.1) |
| Less: capitalized interest | (8.4) | (6.3) | (10.3) | (2.1) | 4.0 |
| Less: interest income | (11.9) | (15.1) | (17.6) | 3.2 | 2.5 |
| Total | $ 184.1 | $ 177.9 | $ 184.2 | $ 6.2 | $ (6.3) |
Paragraphs:
Interest expense, net includes the stated interest rate on our outstanding debt, as well as the net impact of capitalized interest, interest income, the effects of terminated interest rate swaps and the amortization of capitalized senior debt issuance costs and credit facility fees, bond discounts, and terminated treasury locks.
Interest expense, net for the years ended December 31, was as follows:
(1) We repaid the notes upon maturity in July 2017.
(2) On August 1, 2019, Sealed Air Corporation, on behalf of itself and certain of its subsidiaries, and Sealed Air Corporation (US) entered into an amendment to its existing senior secured credit facility with Bank of America, N.A., as agent, and the other financial institutions party thereto. The amendment provided for a new incremental term facility in an aggregate principal amount of up to $475 million, to be used, in part, to finance the acquisition of Automated. See Note 14, "Debt and Credit Facilities," of the Notes to Consolidated Financial Statements for further details.
(3) On July 12, 2018, the Company and certain of its subsidiaries entered into a third amended and restated credit agreement with respect to its existing senior secured credit facility. See Note 14, “Debt and Credit Facilities,” of the Notes to Consolidated Financial Statements for further details.
(4) In November 2019, the Company issued $425 million of 4.00% Senior Notes due 2027 and used the proceeds to retire the existing $425 million of 6.50% Senior Notes due 2020. See Note 14, "Debt and Credit Facilities," of the Notes to Consolidated Financial Statements for further details.
Question:
In In November 2019, what were the proceeds of issuing $425 million of 4.00% Senior Notes due 2027 used for?
Answer: retire the existing $425 million of 6.50% Senior Notes due 2020.