BOSTON--(BUSINESS WIRE)--Aug. 22, 2013--
Iron Mountain Incorporated (NYSE: IRM), the storage and information
management company, today announced that, pursuant to its previously
announced tender offer (the “Tender Offer”) to purchase for cash up to
$137.5 million (the “Maximum Repurchase Amount”) aggregate principal
amount of outstanding 8-3/8% Senior Subordinated Notes due 2021 (CUSIP
No. 46284P AM6) (the “Notes”), a total of approximately $306.3 million
principal amount of Notes (the “Tendered Notes”) were validly tendered
by 5:00 p.m., New York City time, on August 21, 2013 (the “Early Tender
Deadline”). The Tender Offer is being made on the terms and subject to
the conditions set forth in the Offer to Purchase, dated August 8, 2013
(the “Offer to Purchase”), and the related Letter of Transmittal
(“Letter of Transmittal”).
Since the Tendered Notes exceed the Maximum Repurchase Amount, the
Tendered Notes will be subject to proration in accordance with the terms
of the Offer to Purchase. The proration factor will be approximately
45%, and with regard to any particular holder subject to rounding down
to the nearest integral multiple of $1,000. Iron Mountain will pay the
total consideration of $1,097.50 per $1,000 principal amount of Notes
accepted for purchase in the Tender Offer, which includes an early
tender premium payment of $30 per $1,000 principal amount of Notes. Iron
Mountain expects to make payment today for the Notes accepted for
purchase and will fund its payment obligation for such Notes with a
portion of the proceeds from its offering of $600 million in aggregate
principal amount of its 6% USD Senior Notes due 2023, which were issued
on August 13, 2013. Iron Mountain does not expect to accept for payment
any additional tenders of Notes after the Early Tender Deadline.
D.F. King & Co., Inc. is the information agent and tender agent for the
Tender Offer. Questions or requests for assistance may be directed to
D.F. King & Co., Inc., (800) 431-9633 (toll-free) or (212) 269-5550
(collect). Iron Mountain has engaged Wells Fargo Securities, LLC as the
Dealer Manager for the Tender Offer. Persons with questions regarding
the Tender Offer should contact Wells Fargo Securities, LLC at (866)
309-6316 (toll-free) or (704) 410-4760 (collect). Beneficial owners may
also contact their broker, dealer, commercial bank, trust company or
other nominee for assistance concerning the Tender Offer.
This press release is for informational purposes only and is not an
offer to purchase or a solicitation of an offer to sell with respect to
any Notes. The Tender Offer is being made solely pursuant to the Offer
to Purchase and the related Letter of Transmittal, which set forth the
complete terms of the Tender Offer.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is a leading provider of storage
and information management solutions. The company’s real estate network
of over 64 million square feet across more than 1,000 facilities in 35
countries allows it to serve customers around the world. And its
solutions for records management, data backup and recovery, document
management and secure shredding help organizations to lower storage
costs, comply with regulations, recover from disaster, and better use
their information for business advantage. Founded in 1951, Iron Mountain
stores and protects billions of information assets, including business
documents, backup tapes, electronic files and medical data. Visit www.ironmountain.com
for more information.
Source: Iron Mountain Incorporated
Investor Relations Contacts:
Iron Mountain Incorporated
Melissa
Marsden, 617-535-8595
Senior Vice President, Investor Relations
Melissa.marsden@ironmountain.com
or
Stephen
P. Golden, 617-535-4769
Vice President, Investor Relations
sgolden@ironmountain.com