Iron Mountain Announces Conditional Redemption of 6.125% GBP Senior Notes due 2022

BOSTON, Nov. 1, 2017 /PRNewswire/ -- Iron Mountain Incorporated (NYSE: IRM), the storage and information management company (the "Company"), today announced its wholly owned subsidiary, Iron Mountain Europe PLC ("IME"), has conditionally called for redemption all of the outstanding £400.0 million aggregate principal amount of IME's 6.125% GBP Senior Notes due 2022 (the "IME Notes") in accordance with the indenture governing the IME Notes. The redemption of the IME Notes is conditioned upon completion of the offering by the Company's wholly owned subsidiary, Iron Mountain (UK) PLC ("IMUK"), of IMUK's 3.875% GBP Senior Notes due 2025 (the "IMUK Notes") priced on October 31, 2017 (the "Redemption Condition").

The redemption date for the IME Notes provided in the notice of redemption is November 15, 2017 (the "Redemption Date"), provided that the Redemption Date for the IME Notes may be extended by IME pending satisfaction of the Redemption Condition. The IME Notes will be redeemed at a redemption price equal to 104.594% of the principal amount of the IME Notes redeemed plus accrued and unpaid interest to, but excluding, the Redemption Date.  If the Redemption Condition is satisfied, the redemption of the IME Notes will be funded by the proceeds of the offering of the IMUK Notes and borrowings under the Company's revolving credit facility. If the Redemption Condition is not satisfied, the IME Notes will not be redeemed and will remain outstanding.

This announcement does not constitute a notice of redemption for the IME Notes. The formal notice of redemption is being provided separately in accordance with the terms of the indenture governing the IME Notes.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is the global leader for storage and information management services. Trusted by more than 230,000 organizations around the world, Iron Mountain boasts a real estate network of more than 85 million square feet across more than 1,400 facilities in 53 countries dedicated to protecting and preserving what matters most for its customers. Iron Mountain's solutions portfolio includes records management, data management, document management, data centers, art storage and logistics, and secure shredding to help organizations to lower storage costs, comply with regulations, recover from disaster, and better use their information. Founded in 1951, Iron Mountain stores and protects billions of information assets, including critical business documents, electronic information, medical data and cultural and historical artifacts. Visit www.ironmountain.com for more information.

SOURCE Iron Mountain Incorporated

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