BOSTON, Dec. 12, 2017
/PRNewswire/ -- Iron Mountain Incorporated (NYSE: IRM) (the
"Company"), the storage and information management company, today
announced a proposed offering by way of a private placement of a
total of $825 million in aggregate
principal amount of its senior unsecured notes due 2028 (the
"Notes"). The Notes will be fully and unconditionally guaranteed by
the Company's subsidiaries that guarantee each series of its
existing notes. The exact terms of the Notes and timing of the
offering will depend upon market conditions and other factors.
The Company intends to use the net proceeds from the offering of
the Notes, together with the net proceeds of its previously
announced offering of its common stock (the "Equity Offering"), to
finance the purchase price of the acquisition of IO Data Centers,
LLC (the "Acquisition"), to pay related fees and expenses and, to
the extent of any remaining net proceeds, for general corporate
purposes (which may include financing the expansion of its adjacent
and other businesses through acquisitions and repaying outstanding
indebtedness). The completion of the offering is not conditioned
upon the consummation of the Equity Offering or the Acquisition. If
the Acquisition is not consummated, the Company would use the net
proceeds from the offering for general corporate purposes.
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
230,000 organizations around the world, Iron Mountain boasts a
real estate network of more than 85 million square feet across more
than 1,400 facilities in 53 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. Visit www.ironmountain.com
for more information.
Investor Relations
Contacts:
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Melissa
Marsden
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Faten
Freiha
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Senior Vice
President, Investor Relations
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Director, Investor Relations
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melissa.marsden@ironmountain.com
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faten.freiha@ironmountain.com
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(617)
535-8595
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(617)
535-8404
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SOURCE Iron Mountain Incorporated