Iron Mountain Incorporated Announces Debt Offering
BOSTON, MA (STL.News) Iron Mountain Information Management Services, Inc., a wholly-owned subsidiary of Iron Mountain Incorporated (NYSE: IRM) (the “Company”), the storage and information management services company, today announced a proposed offering by way of a private placement of a total of $500.0 million aggregate principal amount of its Senior Notes due 2032 (the “Notes”). The Notes will be pari passu with all existing and future senior indebtedness of the Company and will be fully and unconditionally guaranteed by the Company and the Company’s other subsidiaries that guarantee each series of its existing notes. The Company intends to use the net proceeds from the offering of the Notes to fund, in part, the acquisition of ITRenew and pay related fees and expenses. The exact terms of the Notes 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 a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes are offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons 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.