Iron Mountain calls $50 million 8 1/8% notes for redemption

New York, June 24 - Iron Mountain Inc. (B2/B) said that its wholly owned Iron Mountain Canada Corp. subsidiary will redeem $50 million of aggregate principal amount of its 8 1/8% senior notes due 2008.

The redemption will take place on July 24, at a redemption price of $1,040.63 per $1,000 principal amount of notes redeemed, plus accrued and unpaid interest up to July 24.

As previously announced, Iron Mountain, a Boston-based document and record storage company, said on June 16 that it would sell $150 million of guaranteed senior subordinated notes, and would use the proceeds to redeem all or part of the outstanding Iron Mountain Canada 8 1/8% notes, and be available for general working capital purposes, including the repayment of borrowings under the company's credit facility, the possible repayment of other debt and possible future acquisitions and investments.

High yield syndicate sources said Iron Mountain successfully sold $150 million of new 6 5/8% senior subordinated notes due 2016.

Applica Inc. to redeem a portion of 10% '08 notes

New York, June 24 - Applica Inc. (B2) said that it intends to redeem up to $30 million of its $130 million 10% senior subordinated notes due 2008.

The notes will be redeemed on July 31 at 105% of the principal amount, plus accrued interest up to, but not including, the redemption date.

Applica, a Miami Lakes, Fla.-based maker of branded and private-label small electric consumer goods such as appliances, pest control products, home environment products, pet care products and professional personal care products, also said that it intends to redeem up to an additional $40 million in 10% notes upon its receipt of a cash distribution related to the pending sale of an investment held by a joint venture that is 50% owned by Applica. Applica expects the sale of such investment and the related cash distribution to occur before the end of the third quarter of 2003.

T-Mobile USA announces purchases prices in tender offer

New York, June 24 - T-Mobile USA, Inc. announced the purchase prices for the notes it is offering to buy in its cash tender offer and related consent solicitation.

The company said it will pay $1,169.08 per $1,000 principal amount of 10 3/8% senior notes due 2009 including a $35.00 consent payment. It will also pay $12.97 of accrued interest.

It will pay $1,035.95 per $1,000 principal amount at maturity of its 11 7/8% senior discount notes due 2009 including a $35.00 consent payment.

It will pay $1,174.66 per $1,000 principal amount of 11½% senior notes due 2009 including a $35.00 consent payment. It will also pay $33.54 of accrued interest.

The Bellevue, Wash. mobile telecommunications company will make the consent payment only to holders who tendered by 5.00 p.m. ET on June 12.

The offer expires at midnight ET on June 26 unless extended.

The purchase prices were calculated at 11.00 a.m. ET on June 24 using a yield equal to the sum of specified fixed spreads for each note plus the yield to maturity of a specified U.S. Treasury reference security.

The information agent is Mellon Investor Services LLC (800 370-1031) and the dealer managers are Banc of America Securities LLC (866 475-9886 or collect at 704 387-1004) and JPMorgan (866 834-4666 or collect at 212 834-4388).

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