BOSTON--(BUSINESS WIRE)--Aug. 7, 2012--
Iron
Mountain Incorporated (NYSE: IRM) announced today that it has priced
a public offering of $1.0 billion in aggregate principal amount of its
5-3/4% Senior Subordinated Notes due 2024. The notes will be sold at
par. The Company intends to use the net proceeds from the offering for
the redemption of all of its outstanding 6-5/8% Senior Subordinated
Notes due 2016 and 8-3/4% Senior Subordinated Notes due 2018, to repay
existing indebtedness under its revolving credit facility and for
general corporate purposes, including funding a portion of the costs it
expects to incur in connection with its proposed conversion to a real
estate investment trust. The closing of the offering is expected to
occur on August 10, 2012 and is subject to customary closing conditions.
Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, BofA Merrill
Lynch, HSBC Securities (USA) Inc., RBS Securities Inc., Scotia Capital
(USA) Inc. and Barclays Capital Inc. are joint book-running managers for
the offering.
Iron Mountain Incorporated is making the offering under an effective
shelf registration statement. This offering is being made solely by
means of a prospectus supplement and related base prospectus, copies of
which may be obtained on the SEC Web site at www.sec.gov.
Alternatively, the underwriters will arrange to send you the prospectus
supplement and related base prospectus if you request them by contacting
866-718-1649.
This announcement shall not constitute an offer to sell or the
solicitation of an offer to buy securities, nor shall there be any sale
of these securities in any state or other jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. This announcement does not constitute a notice of
redemption of the 6-5/8% notes or the 8-3/4% notes referred to above.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) provides information management
services that help organizations lower the costs, risks and
inefficiencies of managing their physical and digital data. The
Company’s solutions enable customers to protect and better use their
information—regardless of its format, location or lifecycle stage—so
they can optimize their business and ensure proper recovery, compliance
and discovery. Founded in 1951, Iron Mountain manages billions of
information assets, including business records, electronic files,
medical data, emails and more for organizations around the world.
Source: Iron Mountain Incorporated
Iron Mountain Incorporated
Stephen P. Golden, 617-535-4766
Vice
President, Investor Relations
sgolden@ironmountain.com