debt
confidence high
sentiment neutral
materiality 0.45
IRON MOUNTAIN INC (IRM): debt financing — Iron Mountain issues €1.2B of 4.750% Senior Notes due 2034, to redeem 2025 notes
IRON MOUNTAIN INC
- €1.2B aggregate principal of 4.750% Senior Notes due January 15, 2034; issued at 100% of par.
- Net proceeds of ~€1.1855B after discounts and expenses.
- Proceeds to redeem all outstanding 3.875% GBP Senior Notes due 2025 and repay revolver borrowings.
- Notes are unsecured senior obligations, jointly and severally guaranteed by US subsidiaries.
- Interest payable semi-annually on Jan 15 and Jul 15; first payment Jan 15, 2026.