debt
confidence high
sentiment neutral
materiality 0.55
Iron Mountain issues $1.5B of 6.250% Senior Notes due Jan 2035
IRON MOUNTAIN INC
- $1.5B aggregate principal of 6.250% unsecured senior notes sold at 100% par.
- Net proceeds ~$1.482B; will repay revolver borrowings and general corporate purposes.
- Interest payable semi-annually Jan 15 & Jul 15; first payment Jan 15, 2027.
- Notes mature Jan 15, 2035; redeemable at make-whole until Jul 15, 2029, then at stated prices.
- Guaranteed jointly and severally by substantial majority of U.S. subsidiaries.