Iron Mountain Inc. Enters Material Definitive Agreement

TL;DR

Iron Mountain just signed a big financial deal. Keep an eye on this.

AI Summary

On July 2, 2024, Iron Mountain Incorporated entered into a Material Definitive Agreement related to a direct financial obligation. The company, incorporated in Delaware, filed an 8-K report detailing this event. The filing was made public on July 3, 2024.

Why It Matters

This filing indicates Iron Mountain Inc. has entered into a significant financial agreement, which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements, especially those involving financial obligations, can introduce financial risks and operational changes for a company.

Key Players & Entities

• Iron Mountain Incorporated (company) — Registrant
• July 2, 2024 (date) — Date of earliest event reported
• July 3, 2024 (date) — Filing date
• Delaware (jurisdiction) — State of Incorporation

FAQ

Key Financial Figures

• $1,806,671,273.42 — s contemplated therein, the Company had $1,806,671,273.42 of outstanding borrowings of Amended an
• $53,373,636.48 — B Loans under the Credit Agreement and $53,373,636.48 of outstanding borrowings of Existing T

Filing Documents

• tm2418793d1_8k.htm (8-K) — 30KB
• tm2418793d1_ex10-1.htm (EX-10.1) — 1098KB
• 0001104659-24-077755.txt ( ) — 1537KB
• irm-20240702.xsd (EX-101.SCH) — 3KB
• irm-20240702_lab.xml (EX-101.LAB) — 33KB
• irm-20240702_pre.xml (EX-101.PRE) — 22KB
• tm2418793d1_8k_htm.xml (XML) — 4KB

01

Item 1.01. Entry into a Material Definitive Agreement. Term B Loans due 2031 On July 2, 2024, Iron Mountain Incorporated (the " Company "), Iron Mountain Information Management, LLC (" IMIM "), and certain other subsidiaries of the Company entered into an Amendment No. 3 (the " Amendment ") to the Company's Credit Agreement, dated as of June 27, 2011 (as previously amended, restated, amended and restated, supplemented or otherwise modified from time to time, the " Credit Agreement "; capitalized terms used but not defined herein shall have the meanings assigned therefor in the Credit Agreement), by and among, inter alia, the Company, IMIM, the other borrowers party thereto, the lenders party thereto, JPMorgan Chase Bank, N.A., as the administrative agent, and JPMorgan Chase Bank, N.A., Toronto Branch, as Canadian administrative agent. Pursuant to the Amendment, among other things, IMIM (x) reduced the interest rate applicable to the Amendment No. 1 Incremental Term B Loans due 2031 outstanding under the Credit Agreement immediately prior to the effectiveness of the Amendment (the " Existing 2031 Term B Loans " and, as amended and upsized as set forth in clauses (y) and (z) below, the " Amended and Upsized 2031 Term B Loans "), (y) extended the maturity date and converted a portion of the Existing Term B Loans due 2026 outstanding under the Credit Agreement into a new class of term B loans which are fungible for all purposes with the Existing 2031 Term B Loans and (z) incurred incremental term loans that are fungible for all purposes with the Existing 2031 Term B Loans. After giving effect to the Amendment, the Amended and Upsized 2031 Term B Loans bear interest at a rate equal to, at IMIM's option, (i) SOFR plus 2.00% or (ii) the base rate plus 1.00%. Except as otherwise provided in the Amendment, the other terms applicable to the Amended and Upsized 2031 Term B Loans, including the maturity applicable thereto, are the same as those applicable to the Existing

03

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information included in

01 of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference

Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits 10.1* Amendment No. 3 to Credit Agreement, dated as of July 2, 2024, among the Company, certain other subsidiaries of the Company party thereto, the lenders and other financial institutions party thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent. (Filed herewith) 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document). *Certain schedules have been omitted pursuant to Item 601(a)(5) or Regulation S-K and will be provided on a supplemental basis to the Securities and Exchange commission upon request.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. IRON MOUNTAIN INCORPORATED By: /s/ Barry Hytinen Name: Barry Hytinen Title: Executive Vice President and Chief Financial Officer Date: July 3, 2024

View Full Filing

View this 8-K filing on SEC EDGAR