BOSTON--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM) (the “Company”), the storage and information management company, announced an offering by way of private placement of C$250 million in aggregate principal amount of CAD Senior Notes due 2023 (the “Notes”) by its wholly owned subsidiary Iron Mountain Canada Operations ULC. The Notes will be fully and unconditionally guaranteed by the Company and its subsidiaries that guarantee each series of its existing notes. Proceeds from the offering of the Notes are expected to be used to repay outstanding borrowings under the Company’s revolving credit facility. The exact terms and timing of the offering will depend upon market conditions and other factors.
The Notes will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or under any state securities law, and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. The Notes are being offered only to qualified institutional buyers under Rule 144A and outside the United States in compliance with Regulation S under the U.S. Securities Act. In Canada, the Notes may only be sold to “accredited investors” as defined in section 73.3(1) of the Securities Act (Ontario), or as defined in National Instrument 45-106 – Prospectus Exemptions, as applicable.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state, province or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction and in Canada prior to the qualification of the securities for distribution by prospectus in any province or territory of Canada.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is the global leader for storage and information management services. Trusted by more than 220,000 organizations around the world, Iron Mountain boasts a real estate network of more than 80 million square feet across more than 1,350 facilities in 45 countries dedicated to protecting and preserving what matters most for its customers. Iron Mountain’s solutions portfolio includes records management, data management, document management, data centers, art storage and logistics, and secure shredding to help organizations to lower storage costs, comply with regulations, recover from disaster, and better use their information. Founded in 1951, Iron Mountain stores and protects billions of information assets, including critical business documents, electronic information, medical data and cultural and historical artifacts.