BOSTON--(BUSINESS WIRE)--
Iron Mountain Incorporated (NYSE: IRM) (the
“Company”), the storage and information management company, announced
that its wholly owned subsidiary Iron Mountain Canada Operations ULC has
priced an offering by way of private placement of C$250 million in
aggregate principal amount of its 5.375% CAD Senior Notes due 2023 (the
“Notes”). 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 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