Latham & Watkins Advises on Iron Mountain Incorporated’s Upsized US$1.2 Billion Debt Offering

Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, has announced that it has priced an upsized offering by way of a private placement of US$1.2 billion aggregate principal amount of its 6.25% Senior Notes due 2033. This represents an increase of US$450.0 million in the combined aggregate principal amount of the Notes, from the previously announced amount of US$750.0 million. The Notes will be fully and unconditionally guaranteed by the Company’s subsidiaries that are obligors under each series of its existing notes. The Company intends to use the net proceeds from the offering of the Notes to repay a portion of the outstanding borrowings under the Company’s revolving credit facility.

Latham & Watkins LLP represented the initial purchasers in the offering with a capital markets team led by partners Wesley Holmes and Benjamin Stern, with associates Isabelle Sawhney and Ashley Lee. Advice was also provided on tax matters by partner Ana O’Brien, with associate Joe Marcus; and on benefits and compensation matters by counsel Aryeh Zuber.