|
Investor
Relations contact:
Stephen
P. Golden
Director,
Investor Relations
sgolden@ironmountain.com
(617)
535-4799
|
FOR
IMMEDIATE RELEASE
Iron
Mountain Incorporated Prices Canadian Debt Offering
Boston,
MA—March 9, 2007—Iron
Mountain Incorporated (NYSE: IRM), the global leader in information protection
and storage services, announced today that its wholly owned subsidiary, Iron
Mountain Nova Scotia Funding Company, has priced a private placement of C$175
million in aggregate principal amount of its 7-1/2% CAD Senior Subordinated
Notes due 2017. The notes will be sold at par. The notes will be fully and
unconditionally guaranteed by Iron Mountain Incorporated (“IRM”) and certain of
its wholly owned subsidiaries. The net proceeds of the offering will be used
to
repay a portion of amounts outstanding under IRM’s existing term loan facility.
The closing of the offering is expected to occur on March 15, 2007 and is
subject to customary closing conditions.
The
notes
will be sold only to qualified institutional buyers under Rule 144A under
the
Securities Act of 1933, as amended, and to persons outside the United States
pursuant to Regulation S under the Securities Act, including in Canada to
accredited investors pursuant to National Instrument 45-106 - Prospectus
and
Registration Exemptions. The securities to be offered have not been registered
under the Securities Act, or applicable securities laws, and until so
registered, may not be offered or sold in the United States except pursuant
to
an exemption from the registration requirements of the Securities Act and
applicable state securities laws. The securities to be offered are also exempt
from the prospectus requirements of applicable Canadian securities laws and
may
not be resold in Canada except pursuant to a further exemption
therefrom.
This
press release is not an offer to sell, nor a solicitation of an offer to
buy,
securities, nor shall there be any sale of these securities in any state
or
jurisdiction in which the offer, solicitation or sale would be unlawful prior
to
registration or qualification under the securities laws of such state or
jurisdiction. Any offers or sales of the securities will be made only by
means
of a private offering memorandum.
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
90,000 corporate clients throughout North America, Europe, Latin American
and
Asia Pacific. For more information, visit the company’s Web site at www.ironmountain.com.
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