Iron Mountain Announces Issuance of $1.2 Billion Senior Notes

Summary

On December 6, 2024, Iron Mountain Incorporated announced the issuance of $1.2 billion in aggregate principal amount of 6.25% Senior Notes due 2033. The net proceeds will be used to repay a portion of the outstanding borrowings under the Company's revolving credit facility and to pay related fees and expenses. The Notes were offered to qualified institutional buyers under Rule 144A and outside the United States under Regulation S. The Notes are senior unsecured obligations of the Company and its subsidiary guarantors, subject to customary restrictive covenants.