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Iron Mountain Releases Form 8-K Report

10 Oct 2017  |  08:39:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Form 8-K - ATM

Iron Mountain entered into a Distribution Agreement, pursuant to which the Company may sell, from time to time, up to an aggregate sales price of $500.0m of its common stock, par value $0.01 per share, or Common Stock, through the Agents. Actual sales will depend on a variety of factors to be determined by the Company from time to time, including (among others) market conditions. The Company intends to use the net proceeds from sales of Common Stock pursuant to the Distribution Agreement for general corporate purposes, including financing the expansion of its adjacent businesses through acquisitions and repaying amounts outstanding from time to time under its revolving credit facility.

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