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Iron Mountain plans to repay revolver borrowings with new notes
By Rebecca Melvin
New York, June 17 – Iron Mountain Inc. plans to repay a portion of borrowings under its revolving credit facility with proceeds of new notes.
The company announced an offering of $500 million of senior notes due 2028 and $1.3 billion of senior notes due 2030 in an Iron Mountain news release.
The terms and timing of the new Rule 144A notes will depend upon market conditions and other factors.
The proceeds of the new issuance are also expected to be used to redeem all $500 million of its 4⅜% senior notes due 2021 and all $1 billion of its 5¾% senior subordinated notes due 2024.
Boston-based Iron Mountain provides storage and information management services.
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