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Iron Mountain Incorporated Announces Prices Debt Offering

08 Sep 2017  |  08:40:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Iron Mountain Incorporated Prices Debt Offering

Iron Mountain Incorporated announced that it has priced an offering by way of a private placement of a total of $1bn in aggregate principal amount of senior notes. The Company's $1bn of 4.875% senior notes due 2027 (the Notes) will be fully and unconditionally guaranteed by its subsidiaries that guarantee each series of its existing notes. The Company intends to use the net proceeds from the offering of the Notes and borrowings under its revolving credit facility to fund the redemption of all of the outstanding $1bn in aggregate principal amount of the Company's 6.000% Senior Notes due 2020 (the Senior Notes due 2020). The redemption of the Senior Notes due 2020 will be conditioned upon the completion of the offering of the Notes.

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