Iron Mountain Inc. Enters Material Definitive Agreement

TL;DR

Iron Mountain just signed a big deal, creating a new financial obligation.

AI Summary

On December 6, 2024, Iron Mountain Incorporated entered into a Material Definitive Agreement related to a financial obligation. The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant.

Why It Matters

This filing signals a significant financial commitment or obligation for Iron Mountain, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce financial risks and impact the company's balance sheet.

Key Players & Entities

• Iron Mountain Incorporated (company) — Registrant
• December 6, 2024 (date) — Date of report and earliest event

FAQ

Key Financial Figures

• $1,200,000,000 — mpany") completed a private offering of $1,200,000,000 in aggregate principal amount of 6.25%
• $1,185.5 m — ds from the offering were approximately $1,185.5 million, after deducting discounts to the

Filing Documents

• tm2430275d1_8k.htm (8-K) — 32KB
• tm2430275d1_ex4-1.htm (EX-4.1) — 830KB
• 0001104659-24-126301.txt ( ) — 1194KB
• irm-20241206.xsd (EX-101.SCH) — 3KB
• irm-20241206_lab.xml (EX-101.LAB) — 33KB
• irm-20241206_pre.xml (EX-101.PRE) — 22KB
• tm2430275d1_8k_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. Issuance of 6.25% Senior Notes due 2033 On December 6 , 2024, Iron Mountain Incorporated (the "Company") completed a private offering of $1,200,000,000 in aggregate principal amount of 6.25% Senior Notes due 2033 (the "Notes"), sold at 100.00% of par. The net proceeds from the offering were approximately $1,185.5 million, after deducting discounts to the initial purchasers and estimated offering expenses. 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 and to pay related fees and expenses. The Notes were offered and sold only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States to non-United States persons in compliance with Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or under any state securities law, and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes were issued under an indenture, dated as of December 6 , 2024 (the "Indenture"), by and among the Company, the Subsidiary Guarantors (as defined below) and Computershare Trust Company N.A., as trustee. The Company will pay 6.25% interest per annum on the principal amount of the Notes, payable semi-annually on January 15 and July 15 of each year. Interest on the Notes will accrue from December 6, 2024, and the first interest payment date for the Notes will be January 15, 2025. The Notes will mature on January 15, 2033, unless they are earlier redeemed or repurchased in accordance with the terms set forth in the Indenture. The Notes are jointly and severally guaran

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

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

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits 4.1 Senior Indenture, dated as of December 6 , 2024, among the Company, the Subsidiary Guarantors and Computershare Trust Company, N.A., as trustee, relating to the 6.25% Senior Notes due 2033. 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

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: December 6 , 2024

View Full Filing

View this 8-K filing on SEC EDGAR