Iron Mountain Issues $1.5 Billion in Senior Notes

Summary

On June 26, 2026, Iron Mountain Incorporated issued $1.5 billion in 6.250% Senior Notes due 2035. The net proceeds from the offering, approximately $1.482 billion, will be used to repay existing borrowings under the company's revolving credit facility, pay related fees and expenses, and for general corporate purposes. The notes bear interest at a rate of 6.250% per annum, payable semi-annually, and are guaranteed by the company's direct and indirect U.S. subsidiaries. The notes are subject to certain restrictive covenants and events of default as outlined in the indenture.