Complete Sale of $600 Million of 6% USD Senior Notes due 2023 and
C$200 Million of 6-1/8% CAD Senior Notes due 2021
BOSTON--(BUSINESS WIRE)--Aug. 13, 2013-- Iron
Mountain Incorporated (NYSE:IRM), the storage and information
management company, today announced that it successfully completed the
sale of $600 million in aggregate principal amount of its 6% USD Senior
Notes due 2023 and C$200 million in aggregate principal amount of its
subsidiary’s (Iron Mountain Canada Operations ULC’s, or the “Canadian
Issuer”) 6-1/8% CAD Senior Notes due 2021. The Company has also called
for redemption all of the remaining $50 million in aggregate principal
amount outstanding of its 8% Senior Subordinated Notes due 2018 (the
“2018 Notes”), $300 million in aggregate principal amount outstanding of
its 8% Senior Subordinated Notes due 2020 (the “2020 Notes”) and C$175
million in aggregate principal amount outstanding of the Canadian
Issuer’s 7-1/2% CAD Senior Subordinated Notes due 2017 (the “2017
Notes”) in accordance with the Indenture governing these notes. The
redemption date for the 2018 Notes, 2020 Notes and 2017 Notes will be
August 23, 2013.
The 2018 Notes will be redeemed at a redemption price of $1,026.67 for
each $1,000 principal amount of notes redeemed, plus accrued and unpaid
interest to but excluding August 23, 2013 and the 2020 Notes will be
redeemed at a redemption price of $1,040.00 for each $1,000 principal
amount of notes redeemed, plus accrued and unpaid interest to but
excluding August 23, 2013. The 2017 Notes will be redeemed at a
redemption price of C$1,025.00 for each C$1,000 principal amount of
notes redeemed, plus accrued and unpaid interest to but excluding August
23, 2013.
This announcement does not constitute a notice of redemption for any of
the 2018 Notes, 2020 Notes or the 2017 Notes. The formal notices of
redemption are being provided separately in accordance with the terms of
the Indenture governing the notes.
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, 617-535-4766
Vice President, Investor Relations
sgolden@ironmountain.com