BOSTON, March 5 /CNW/ -- Iron Mountain Incorporated (NYSE: IRM), the
global leader in information protection and storage services, today announced
a proposed offering of C$175 million in aggregate principal amount of CAD
Senior Subordinated Notes due 2019 by its wholly owned subsidiary, Iron
Mountain Nova Scotia Funding Company. The notes will be fully and
unconditionally guaranteed by Iron Mountain Incorporated ("IMI") and certain
of its wholly owned subsidiaries. The net proceeds from the offering will be
used to repay a portion of the amounts outstanding under IMI's existing term
loan facility. The exact terms and timing of the offering will depend upon
market conditions and other factors.
The notes are being offered only to qualified institutional buyers under
Rule 144A and to persons outside the United States pursuant to Regulation S.
The securities to be offered have not been registered under the Securities Act
of 1933, as amended, or applicable securities laws, and until so registered,
may not be offered or sold in the United States except pursuant to an
exemption from the registration requirements of the Securities Act and
applicable state securities laws.
This press release is not an offer to sell, nor a solicitation of an
offer to buy, securities, nor shall there be any sale of these securities in
any state or jurisdiction in which the offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
such state or jurisdiction. Any offers of the securities will be made only by
means of a private offering memorandum.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) helps organizations around the
world reduce the costs and risks associated with information protection and
storage. The company offers comprehensive records management and data
protection solutions, along with the expertise and experience to address
complex information challenges such as rising storage costs, litigation,
regulatory compliance and disaster recovery. Founded in 1951, Iron Mountain
is a trusted partner to more than 90,000 corporate clients throughout North
America, Europe, Latin American and Asia Pacific. For more information, visit
the company's Web site at www.ironmountain.com.
Investor Relations contact:
Stephen P. Golden
Director, Investor Relations
For further information:
For further information: Investor Relations, Stephen P. Golden,
Director, Investor Relations, +1-617-535-4799, or firstname.lastname@example.org
Web Site: http://www.ironmountain.com/