debt
confidence high
sentiment neutral
materiality 0.60
Iron Mountain amends credit agreement, adds $286.7M incremental term loans, revises amortization
IRON MOUNTAIN INC
- Incurred $286.7M incremental 2022 Term A Loans; proceeds used to reduce revolving credit borrowings.
- Amended amortization schedule: quarterly payments set to 1.25% of aggregate principal of Amended and Upsized 2022 Term A Loans.
- After amendment, outstanding Amended and Upsized 2022 Term A Loans total $500.0M.
- All other material terms of the credit agreement remain unchanged; guarantees and liens reaffirmed.
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