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Iron Mountain plans to use revolver drawdown to fund notes redemption
By Susanna Moon
Chicago, Sept. 24 – Iron Mountain Inc. said it plans to redeem its outstanding 6¾% euro senior subordinated notes due 2018, 7¾% senior subordinated notes due 2019 and 8 3/8% senior subordinated notes due 2021.
Proceeds for the redemption will come from a proposed private offering of $800 million principal amount of senior notes due 2020.
The company also plans to draw under its revolving credit facility to redeem the notes, according to a press release.
Iron Mountain is based in Boston and provides information management services.
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