BOSTON--(BUSINESS WIRE)--
Iron
Mountain Incorporated (NYSE: IRM), the storage and information
management company, announced that it has priced a private offering of
$1 billion in aggregate principal amount of its 6.00% 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 closing of the offering is expected to occur on September
29, 2015 and is subject to customary closing conditions.
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