Iron Mountain to repay revolver debt and bonds with proceeds from notes offering

By Sara Rosenberg

New York, June 2 - Iron Mountain Inc. plans to repay debt under its revolving credit facility and redeem its 8¼% senior subordinated notes due 2011 using proceeds from the issuance of $300 million of senior subordinated notes due 2020, according to a news release.

Remaining proceeds will be used for the possible repayment, repurchase or retirement of other debt and for general corporate purposes, including possible future acquisitions and investments.

Iron Mountain is a Boston-based provider of information protection and storage services.

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