Iron Mountain to hold Wednesday-Thursday roadshow for C$175 million 12-year notes

By Paul A. Harris

St. Louis, March 5 - Iron Mountain Nova Scotia Funding Co., a wholly owned subsidiary of Boston-based data storage company Iron Mountain Inc., will hold a roadshow Wednesday and Thursday for its C$175 million offering of senior subordinated notes due 2019 (B3/B), according to an informed source.

Bear Stearns, Banc of America Securities LLC, JP Morgan, Lehman Brothers and Scotia Capital are joint bookrunners for the Rule 144A and Regulation S with registration rights offering.

The notes will come with five years of call protection.

Proceeds will be used to repay the company's existing term loan.

In January 2007 Iron Mountain Inc. priced a €225 million add-on to its 6¾% senior subordinated notes due Oct. 15, 2018 (B3/B) at 98.99, resulting in a yield of 6 7/8%.

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