Iron Mountain prices $1.5 billion of 6.250% senior notes due 2035
Iron Mountain completed a private offering of $1.5 billion in 6.250% senior notes due January 15, 2035, sold at 100% of par, with net proceeds of about $1,481.8 million. The company plans to use the proceeds mainly to repay outstanding borrowings under its revolving credit facility, with any remainder for general corporate purposes, so shareholders should note the added long-term debt.
Key points
- $1.5 billion aggregate principal of 6.250% senior notes, sold at 100.00% of par
- Net proceeds of approximately $1,481.8 million after discounts and estimated expenses
- Proceeds intended to repay all or part of revolving credit facility borrowings and pay fees
- Interest payable January 15 and July 15, first payment January 15, 2027; notes mature January 15, 2035
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits 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 June 26, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.