BOSTON--(BUSINESS WIRE)--
Iron
Mountain Incorporated (NYSE: IRM), the storage and information
management company, today announced a proposed private offering of $800
million in aggregate principal amount of its Senior Notes due 2020 (the
“Notes”). The Notes will be senior unsecured obligations of the company
and will be guaranteed by certain of its subsidiaries.
The company intends to use the net proceeds from the offering and
borrowings under its revolving credit facility for the redemption of all
of its outstanding 6.75% Euro Senior Subordinated Notes due 2018, 7.75%
Senior Subordinated Notes due 2019 and 8.375% Senior Subordinated Notes
due 2021. The exact terms and timing of the offering will depend upon
market conditions and other factors.
The Notes will not be registered under the Securities Act of 1933, as
amended (the “Securities Act”), or under any state securities law, and
may not be offered or sold in the United States absent registration or
an applicable exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable state
securities laws. The Notes are being offered only to qualified
institutional buyers under Rule 144A and outside the United States in
compliance with Regulation S under the Securities Act.
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 shall not constitute a notice of
redemption with respect to the notes being redeemed.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is a leading provider of storage
and information management services. The company’s real estate network
of more than 67 million square feet across more than 1,000 facilities in
36 countries allows it to serve customers around the world. And its
solutions for records management, data management, document management,
and secure shredding help organizations to lower storage costs, comply
with regulations, recover from disaster, and better use their
information. Founded in 1951, Iron Mountain stores and protects billions
of information assets, including business documents, backup tapes,
electronic files and medical data.
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Source: Iron Mountain