Iron Mountain prices $1.2 billion of 6.25% senior notes due 2033
Iron Mountain completed a private offering of $1.2 billion in 6.25% senior notes due 2033, sold at par, with net proceeds of approximately $1,185.5 million. The company plans to use the proceeds to repay part of its revolving credit facility borrowings and pay related fees and expenses, which adds $1.2 billion of long-term unsecured senior debt for shareholders to consider.
Key points
- $1.2 billion principal amount sold at 100.00% of par to qualified institutional buyers under Rule 144A
- Net proceeds of approximately $1,185.5 million, after discounts and estimated offering expenses
- Interest of 6.25% a year, paid semi-annually on January 15 and July 15; notes mature January 15, 2033
- Make-whole redemption available before December 6, 2027; Computershare Trust Company N.A. is trustee
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 06, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.