Iron Mountain (NYSE:IRM) launches private placement of $850M senior notes due 2031.
Net proceeds wil be used to redeem all C$250M of the 53/8% senior notes due 2023 issued by its subsidiary, Iron Mountain Canada Operations ULC, all €300M of its 3% senior notes due 2025, and all $250M of the 53/8% senior notes due 2026 issued by its subsidiary, Iron Mountain US Holdings and any remaining proceeds for general corporate purposes.