Iron Mountain (NYSE:IRM) announces private placement of $500M senior notes due 2028 and $1.3B senior notes due 2030.

Proceeds will be used to repay a portion of the outstanding borrowings under IRM revolving credit facility, to redeem $500M of its 4.375% senior notes due 2021 and $1B of its 5.75% senior subordinated notes due 2024.

Pricing and timing of the notes are yet to be decided.

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