Iron Mountain Completes $1.5 Billion Offering of 6.250% Senior Notes Due 2035

Iron Mountain Incorporated has completed a private offering of $1.5 billion in aggregate principal amount of 6.250% Senior Notes maturing in 2035. The company intends to use the net proceeds to repay outstanding borrowings under its revolving credit facility and for general corporate purposes.

Key Details

• Offering Size: $1,500,000,000 aggregate principal amount of 6.250% Senior Notes due January 15, 2035.
• Financials: The offering generated net proceeds of approximately $1.481.8 million after discounts and expenses.
• Use of Proceeds: The primary use of funds will be to repay borrowings under the company's revolving credit facility, with any remainder used for general corporate purposes.
• Terms: Interest is payable semi-annually on January 15 and July 15, beginning January 15, 2027. The notes are general unsecured senior obligations of the company.