secwatch.observer — SEC 8-K summary
======================================

Issuer:     IRON MOUNTAIN INC (IRM)
CIK:        0001020569
Form:       8-K
Filed at:   2021-12-28T23:59:59+00:00
Accession:  0001104659-21-153937
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Iron Mountain issues $750M 5.00% senior notes due 2032 to fund ITRenew acquisition
--------------------------------------------------------------------------------

- $750M aggregate principal at 5.000% interest, due July 15, 2032, sold at par.
- Net proceeds ~$737.8M after discounts; used for cash consideration and debt repayment in ITRenew acquisition.
- Notes are unsecured senior obligations, jointly guaranteed by Iron Mountain and its U.S. subsidiaries.
- Issuer may redeem up to 40% of notes before Jan 2025 with equity offering net proceeds; make-whole redemption before July 2027.
- Indenture includes customary events of default and restrictive covenants on debt, dividends, and asset sales.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1020569/000110465921153937/0001104659-21-153937-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1020569/000110465921153937/tm2136414d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-153937

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer