BOSTON--(BUSINESS WIRE)--
Iron
Mountain Incorporated (NYSE: IRM) (the “Company”), the storage and
information management company, announced that it has priced a private
offering of a total of $750 million in aggregate principal amount of
senior unsecured notes. The Company’s $500 million of 4.375% senior
notes due 2021 (the “Parent Notes”) 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,
has priced $250 million of 5.375% 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.
The company intends to use the net proceeds from the offering of the
Notes, 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 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160524006591/en/
Source: Iron Mountain