BOSTON--(BUSINESS WIRE)--
Iron Mountain Incorporated (NYSE: IRM) (the “Company”), the storage and
information management company, announced a proposed private offering of
a total of $750 million of senior unsecured notes. The Company is
offering $500 million in aggregate principal amount of senior notes due
2021 (the “Parent Notes”) that will be guaranteed by its subsidiaries
that guarantee each series of its existing notes. In addition, Iron
Mountain US Holdings, Inc., a wholly owned subsidiary of the Company and
one of the subsidiary guarantors of the Parent Notes, is offering $250
million in aggregate principal amount of senior notes due 2026 (the
“Subsidiary Notes” and together with the Parent Notes, the “Notes”). The
Subsidiary Notes will be guaranteed by the Company and the other
subsidiary guarantors of the Parent Notes. Proceeds from the offering of
the Notes are expected to be used, together with cash on hand and
borrowings under the Company’s revolving credit facility, to repay the
bridge loan facility related to the Company’s acquisition of Recall
Holdings Limited. 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.
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