Crown Holdings has raised $700 million through a sale of senior unsecured notes. The U.S packaging company will use the proceeds to retire all of Crown Americas’ and Crown Americas Capital’s $600 million of outstanding senior unsecured notes due 2015 and for general corporate purposes.

The bonds, which carry a coupon rate of 6.25%, will mature on Feb. 1, 2021. The initially planned size of the deal was $600 million, adds Reuters. Deutsche Bank, Barclays, Bank of America Merrill Lynch, RBS and UBS were the joint book-running managers for the deal.

Click here for the release from Crown Holdings.

Click here for additional coverage fromReuters.