BOSTON, June 2 /PRNewswire-FirstCall/ -- Iron Mountain Incorporated(NYSE: IRM) announced today that it has priced a public offering of $300million in aggregate principal amount of its 8% Senior Subordinated Notes due2020. The notes will be sold at par. The net proceeds to the Company will beused for the repayment of outstanding indebtedness under its revolving creditfacility, redemption of all its outstanding 8-1/4% Senior Subordinated Notesdue 2011, the possible repayment, repurchase or retirement of otherindebtedness and for general corporate purposes, including possible futureacquisitions and investments. The closing of the offering is expected tooccur on June 5, 2008 and is subject to customary closing conditions.
J.P. Morgan Securities Inc., Barclays Capital, Lehman Brothers, and RBSGreenwich Capital are joint book-running managers for the offering.
Iron Mountain Incorporated is making the offering under a shelfregistration statement previously declared effective by the Securities andExchange Commission. This offering is being made solely by means of aprospectus. A copy of the prospectus supplement and related base prospectusfor the offering may be obtained on the SEC website at http://www.sec.gov.Alternatively, the underwriters will arrange to send you the prospectussupplement and related base prospectus if you request them by contacting J.P.Morgan Securities Inc. at 270 Park Avenue, 8th Floor, New York, New York10017, attention Syndicate Desk.
This announcement shall not constitute an offer to sell or thesolicitation of an offer to buy securities, nor shall there be any sale ofthese securities in any state or other jurisdiction in which such offer,solicitation or sale would be unlawful prior to registration or qualificationunder the securities laws of any such state or jurisdiction. Thisannouncement does not constitute a notice of redemption of the 8-1/4% notesreferred to above.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) helps organizations around theworld reduce the costs and risks associated with information protection andstorage. The Company offers comprehensive records management and dataprotection solutions, along with the expertise and experience to addresscomplex information challenges such as rising storage costs, litigation,regulatory compliance and disaster recovery. Founded in 1951, Iron Mountainis a trusted partner to more than 100,000 corporate clients throughout NorthAmerica, Europe, Latin America and Asia Pacific. For more information, visitthe Company's Web site at http://www.ironmountain.com.
Investor Relations contact: Stephen P. Golden Vice President, Investor Relations sgolden@ironmountain.com (617) 535-4769
SOURCE Iron Mountain Incorporated
