Iron Mountain amends loan, changing consolidated and domestic leverage ratios

By Sara Rosenberg

New York, Aug. 29 - Iron Mountain Inc. amended its credit facility modifying the consolidated leverage ratio (see table 1) and the domestic leverage ratio (see table 2) covenants, according to an 8-K filed with the Securities and Exchange Commission Tuesday.

JPMorgan is the administrative agent on the deal.

The amendment was completed on Aug. 16.

Iron Mountain is a Boston-based provider of outsourced records and information management services.

Table 1: Consolidated Leverage Ratio

Period Consolidated Leverage Ratio

From June 30, 2004 through Dec. 31, 2005 5.25 to 1

From Jan. 1, 2006 through June 30, 2006 5.00 to 1

From July 1, 2006 through March 31, 2007 4.75 to 1

From April 1, 2007 through Dec. 31, 2007 4.50 to 1

From Jan. 1, 2008 and thereafter 4.25 to 1

Table 2: Domestic Leverage Ratio

Period Domestic Leverage Ratio

From June 30, 2004 through Dec. 31, 2005 5.50 to 1

From Jan. 1, 2006 through March 31, 2007 5.25 to 1

From April 1, 2007 through Sept. 30, 2007 5.00 to 1

From Oct. 1, 2007 through Dec. 31, 2007 4.75 to 1

From Jan. 1, 2008 and thereafter 4.50 to 1

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