debt
confidence high
sentiment neutral
materiality 0.50
Iron Mountain prices $1.2B of 6.25% senior notes due 2033, proceeds to repay revolver
IRON MOUNTAIN INC
- Completed $1.2B private offering of 6.25% Senior Notes due 2033, sold at par.
- Net proceeds ~$1.1855B after deducting discounts and estimated offering expenses.
- Proceeds to repay a portion of outstanding borrowings under the revolving credit facility.
- Notes mature Jan 15, 2033; interest payable semi-annually, first payment Jan 15, 2025.
- Notes are unsecured senior obligations, jointly and severally guaranteed by certain US subsidiaries.