debt
confidence high
sentiment neutral
materiality 0.60
Iron Mountain refinances credit facilities with $2.25B revolver and $250M term loan A, maturing 2027
IRON MOUNTAIN INC
- New $2.25B revolving facility and $250M term loan A facility, both maturing March 2027.
- Existing term loan B facility ($674M outstanding) unchanged.
- After closing: $650M drawn on revolver, $250M on term A, $674M on term B.
- Released Iron Mountain Fulfillment Services, Iron Mountain Cloud, and ITRenew Worldwide from guarantees and pledges.
- Credit agreement amended to update representations, warranties, and covenants.