BOSTON--(BUSINESS WIRE)--
Iron Mountain Incorporated (NYSE: IRM) (the “Company”), the storage and
information management company, announced an offering by way of private
placement of C$250 million in aggregate principal amount of CAD Senior
Notes due 2023 (the “Notes”) by its wholly owned subsidiary Iron
Mountain Canada Operations ULC. The Notes will be fully and
unconditionally guaranteed by the Company and its subsidiaries that
guarantee each series of its existing notes. Proceeds from the offering
of the Notes are expected to be used to repay outstanding borrowings
under the Company’s revolving credit facility. The exact terms and
timing of the offering will depend upon market conditions and other
factors.
The Notes will not be registered under the U.S. Securities Act of 1933,
as amended (the “U.S. 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 U.S. 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 U.S. Securities Act. In
Canada, the Notes may only be sold to “accredited investors” as defined
in section 73.3(1) of the Securities Act (Ontario), or as defined in
National Instrument 45-106 – Prospectus Exemptions, as applicable.
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, province 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 and in Canada prior to the qualification of the
securities for distribution by prospectus in any province or territory
of Canada.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is the global leader for storage
and information management services. Trusted by more than 220,000
organizations around the world, Iron Mountain boasts a real estate
network of more than 80 million square feet across more than 1,350
facilities in 45 countries dedicated to protecting and preserving what
matters most for its customers. Iron Mountain’s solutions portfolio
includes records management, data management, document management, data
centers, art storage and logistics, and secure shredding to 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
critical business documents, electronic information, medical data and
cultural and historical artifacts.
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Source: Iron Mountain