Latham & Watkins Advises on Iron Mountain’s Upsized US$1.5 Billion Debt Offering

Iron Mountain Incorporated (NYSE: IRM) (the Company), a global leader in information management services, has announced that it has priced an upsized offering of a total of US$1.5 billion aggregate principal amount of its 6.250% senior notes due 2035 (the Notes). This represents an increase of US$500 million in the combined aggregate principal amount of the notes, from the previously announced amount of US$1 billion. The Notes will initially 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 all or a portion of the amounts outstanding under the company’s revolving credit facility and to pay related fees and expenses, with any remaining proceeds to be used for general corporate purposes.

Latham & Watkins LLP represents the initial purchasers in the offering with a Capital Markets team led by Boston/New York partner Wesley Holmes and New York partner Benjamin Stern, with associates Isabelle Sawhney, Jackie Stern, and Matthew LoCastro. Advice was also provided on tax matters by Los Angeles partner Ana O’Brien, with associate Sina Setayeshpour,* and on benefits matters by New York counsel Rifka Singer.

*Admitted to practice in Tennessee only.