BOSTON, June 2 /PRNewswire-FirstCall/ -- Iron Mountain Incorporated
(NYSE: IRM) announced today a proposed public offering of $300 million in
aggregate principal amount of Senior Subordinated Notes due 2020. The
Company intends to use the net proceeds from the offering for the repayment
of outstanding indebtedness under its revolving credit facility, redemption
of all its outstanding 8-1/4% Senior Subordinated Notes due 2011, the
possible repayment, repurchase or retirement of other indebtedness and for
general corporate purposes, including possible future acquisitions and
investments. The exact terms and timing of the offering will depend upon
market conditions and other factors.
Iron Mountain Incorporated is making the offering under a shelf
registration statement previously declared effective by the Securities and
Exchange Commission. This offering will be made solely by means of a
prospectus. A copy of the prospectus supplement and related base prospectus
for the offering may be obtained on the SEC website at http://www.sec.gov.
Alternatively, the underwriters will arrange to send you the prospectus
supplement and related base prospectus if you request them by contacting
J.P. Morgan Securities Inc. at 270 Park Avenue, 8th Floor, New York, New
York 10017, attention Syndicate Desk.
This announcement shall not constitute an offer to sell or the
solicitation of an offer to buy securities, nor shall there be any sale of
these securities in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction.
This announcement does not constitute a notice of redemption of the 8-1/4%
notes referred to above.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) helps organizations around the
world reduce the costs and risks associated with information protection and
storage. The company offers comprehensive records management and data
protection solutions, along with the expertise and experience to address
complex information challenges such as rising storage costs, litigation,
regulatory compliance and disaster recovery. Founded in 1951, Iron Mountain
is a trusted partner to more than 100,000 corporate clients throughout
North America, Europe, Latin America and Asia Pacific. For more
information, visit the company's Web site at http://www.ironmountain.com.
Investor Relations contact:
Stephen P. Golden
Vice President, Investor Relations
sgolden@ironmountain.com
(617) 535-4769
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