Iron Mountain announces conditional redemption of $1 billion 6% notes

By Sarah Lizee

Olympia, Wash., Sept. 6 – Iron Mountain Inc. announced the conditional redemption of its $1 billion 6% senior notes due 2020, according to a press release.

The redemption is conditioned upon completion of the offering of the company’s 4.875% notes due 2027 that priced earlier on Wednesday.

The notes will be redeemed at $1,031.55 for each $1,000 principal amount plus accrued interest up to but excluding the redemption date of Sept. 18, provided that the condition has been satisfied.

If the redemption date is delayed, the make-whole price will change.

Proceeds from the company’s revolving credit facility will be used to fund the redemption.

Iron Mountain is a Boston-based information management services provider.

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