Iron Mountain Incorporated Prices Canadian Debt Offering

    BOSTON, March 9 /CNW/ -- Iron Mountain Incorporated (NYSE:   IRM), the
global leader in information protection and storage services, announced today
that its wholly owned subsidiary, Iron Mountain Nova Scotia Funding Company,
has priced a private placement of C$175 million in aggregate principal amount
of its 7-1/2% CAD Senior Subordinated Notes due 2017. The notes will be sold
at par. The notes will be fully and unconditionally guaranteed by Iron
Mountain Incorporated ("IRM") and certain of its wholly owned subsidiaries.
The net proceeds of the offering will be used to repay a portion of amounts
outstanding under IRM's existing term loan facility. The closing of the
offering is expected to occur on March 15, 2007 and is subject to customary
closing conditions.
    The notes will be sold only to qualified institutional buyers under Rule
144A under the Securities Act of 1933, as amended, and to persons outside the
United States pursuant to Regulation S under the Securities Act, including in
Canada to accredited investors pursuant to National Instrument 45-106 -
Prospectus and Registration Exemptions. The securities to be offered have not
been registered under the Securities Act, 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. The securities to be offered are
also exempt from the prospectus requirements of applicable Canadian securities
laws and may not be resold in Canada except pursuant to a further exemption
    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 or sales 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

     Investor Relations contact:
     Stephen P. Golden
     Director, Investor Relations


For further information:

For further information: Stephen P. Golden, Director, Investor Relations
 of Iron Mountain Incorporated, +1-617-535-4799 Web Site:

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