Iron Mountain Incorporated Upsizes and Prices Debt Offering
Iron Mountain (NYSE: IRM) has announced the pricing of an upsized private placement offering of $1.2 billion in 6.25% Senior Notes due 2033. This represents a $450 million increase from the previously announced $750 million offering. The Notes will be guaranteed by the company's subsidiaries that are obligors under existing notes series.
The company plans to use the net proceeds to repay a portion of outstanding borrowings under its revolving credit facility. The Notes are being offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons outside the United States under Regulation S.
Iron Mountain (NYSE: IRM) ha annunciato il prezzo di un'offerta di collocamento privato ampliata di 1,2 miliardi di dollari in Obbligazioni Senior al 6,25% con scadenza nel 2033. Questo rappresenta un aumento di 450 milioni di dollari rispetto all'offerta precedente di 750 milioni di dollari. Le Obbligazioni saranno garantite dalle filiali dell'azienda che sono obbligazioniste in base alle serie di note esistenti.
L'azienda prevede di utilizzare il ricavato netto per rimborsare una parte dei prestiti in essere sotto la sua linea di credito rotativa. Le Obbligazioni sono offerte esclusivamente a compratori istituzionali qualificati ai sensi della Regola 144A e a persone non statunitensi al di fuori degli Stati Uniti ai sensi della Regolamentazione S.
Iron Mountain (NYSE: IRM) ha anunciado el precio de una oferta de colocación privada ampliada de 1.200 millones de dólares en Notas Senior al 6,25% con vencimiento en 2033. Esto representa un incremento de 450 millones de dólares respecto a la oferta previamente anunciada de 750 millones de dólares. Las Notas estarán garantizadas por las subsidiarias de la empresa que son obligados bajo las series de notas existentes.
La empresa planea utilizar los ingresos netos para pagar una parte de los préstamos pendientes bajo su línea de crédito rotativa. Las Notas se ofrecen exclusivamente a compradores institucionales calificados bajo la Regla 144A y a personas no estadounidenses fuera de los Estados Unidos según la Regulación S.
아이언 마운틴 (NYSE: IRM)은 12억 달러 규모의 6.25% 만기 2033년 고위험 채권 공개 판매의 가격을 발표했습니다. 이는 이전에 발표된 7억 5천만 달러 제공에서 4억 5천만 달러 증가한 금액입니다. 해당 채권은 기존 채권 시리즈의 의무이행 자회사에 의해 보증됩니다.
회사는 순자금을 회전 신용 한도 내의 미지급 대출 상환에 사용할 계획입니다. 해당 채권은 규칙 144A에 따라 자격 있는 기관 투자자에게만 독점 제공되며, 미국 이외의 비미국인에게는 규정 S를 통해 제공됩니다.
Iron Mountain (NYSE: IRM) a annoncé le prix d'une offre de placement privé augmentée de 1,2 milliard de dollars en Obligations Senior à 6,25% venant à échéance en 2033. Cela représente une augmentation de 450 millions de dollars par rapport à l'offre précédemment annoncée de 750 millions de dollars. Les Obligations seront garanties par les filiales de l'entreprise qui sont débiteurs dans le cadre des séries de notes existantes.
L'entreprise prévoit d'utiliser le produit net pour rembourser une partie des emprunts en cours sous sa ligne de crédit renouvelable. Les Obligations sont offertes exclusivement aux acheteurs institutionnels qualifiés conformément à la règle 144A et aux personnes non américaines en dehors des États-Unis selon la réglementation S.
Iron Mountain (NYSE: IRM) hat die Preisgestaltung einer erhöhten Privatplatzierungsangebot in Höhe von 1,2 Milliarden US-Dollar in 6,25% Senior Notes mit Fälligkeit im Jahr 2033 bekannt gegeben. Dies stellt eine Erhöhung um 450 Millionen US-Dollar im Vergleich zum zuvor angekündigten Angebot in Höhe von 750 Millionen US-Dollar dar. Die Anleihen werden von den Tochtergesellschaften des Unternehmens garantiert, die unter bestehenden Anleihenserien verpflichtet sind.
Das Unternehmen plant, den Nettoprozeß zur Rückzahlung eines Teils der ausstehenden Darlehen unter seiner revolvierenden Kreditfazilität zu verwenden. Die Anleihen werden ausschließlich an qualifizierte institutionelle Käufer gemäß Regel 144A und an Nicht-US-Personen außerhalb der Vereinigten Staaten entsprechend der Regelung S angeboten.
- Successfully upsized debt offering by $450 million to $1.2 billion, indicating strong investor demand
- Strategic debt refinancing through revolving credit facility repayment may improve debt structure
- Increased debt load with 6.25% interest rate adds to future financial obligations
- Additional leverage could impact company's financial flexibility
Insights
The upsized debt offering of
The strong backing from subsidiaries and placement to qualified institutional buyers indicates robust market confidence in IRM's credit quality. With a market cap of
The Notes will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or under any state securities law, and may not be offered or sold in
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is trusted by more than 240,000 customers in 60 countries, including approximately
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Investor Relations Contacts:
Mark Rupe
SVP, Head of Investor Relations
Mark.Rupe@ironmountain.com
Erika Crabtree
Manager, Investor Relations
Erika.Crabtree@ironmountain.com
Source: Iron Mountain Incorporated
FAQ
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