Iron Mountain to price $160 million add-on to 6 5/8% notes due 2016 on Thursday

By Paul A. Harris

St. Louis, Dec. 3 - Iron Mountain Inc. plans to price a $160 million add-on to its 6 5/8% senior notes due Jan. 1, 2016 on Thursday, according to market sources.

Bear Stearns & Co. is the bookrunner for the off-the-shelf deal.

Iron Mountain will use proceeds will be used to fund the repurchase or redemption of the 8 1/8% senior notes due 2008 issued by its wholly owned Iron Mountain Canada Corp. subsidiary and for general corporate purposes including repayment of debt and possible future acquisitions and investments.

The company is a Boston-based outsourced records and information management services provider.

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