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Iron Mountain to call $500 million 2021 notes, $1 billion 2024 notes
By Rebecca Melvin
New York, June 17 – Iron Mountain Inc. plans to redeem all $500 million of its 4⅜% senior notes due 2021 and all $1 billion of its 5¾% senior subordinated notes due 2024 with proceeds of new notes.
The company plans to price $500 million of senior notes due 2028 and $1.3 billion of senior notes due 2030, according to an Iron Mountain news release.
The terms and timing of the new Rule 144A notes will depend upon market conditions and other factors.
The proceeds of the new issuance are also expected to be used to repay a portion of the company’s borrowings under its revolving credit facility.
Boston-based Iron Mountain provides storage and information management services.
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