BOSTON--(BUSINESS WIRE)--Aug. 8, 2013--
Iron Mountain Incorporated (NYSE: IRM), the storage and information
management company, today announced that it has priced a public offering
of $600 million in aggregate principal amount of its 6% USD Senior Notes
due 2023 (the “U.S. Notes”) 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 “Canadian
Notes”). The U.S. Notes and the Canadian Notes will be sold at par.
The company and the Canadian Issuer intend to use the net proceeds from
the offering for the redemption of all of the company’s 8% USD Senior
Subordinated Notes due 2018 and 8% USD Senior Subordinated Notes due
2020 and for the redemption of the Canadian Issuer’s outstanding 7-1/2%
CAD Senior Subordinated Notes due 2017. In addition, the company has
commenced a cash tender offer to purchase up to $137.5 million in
aggregate principal amount of the company’s 8-3/8% USD Senior
Subordinated Notes due 2021. The company intends to use the remaining
net proceeds to repay existing indebtedness under its revolving credit
facility and for general corporate purposes. The closing of the offering
is expected to occur on August 13, 2013 and is subject to customary
closing conditions.
Wells Fargo Securities, BofA Merrill Lynch, J.P. Morgan, Credit Agricole
CIB, HSBC, Morgan Stanley and RBS Securities Inc. are the joint
bookrunners for the U.S. Notes. Scotiabank, BofA Merrill Lynch, J.P.
Morgan, Barclays and TD Securities are the joint bookrunners for the
Canadian Notes.
Iron Mountain 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
Wells Fargo Securities, LLC at 550 South, Tryon Street, 7th Floor MAC
D1086-070, Charlotte, NC 28202, Attn: Client Support, via telephone, at
(800) 326-5897, or via email at cmclientsupport@wellsfargo.com.
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 Senior Subordinated Notes referred to above or a
solicitation of tenders of the 8-3/8% USD Senior Subordinated Notes due
2021.
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