Iron Mountain Incorporated Prices Common Stock Offering

BOSTON, Dec. 12, 2017 /PRNewswire/ -- Iron Mountain Incorporated (NYSE: IRM) (the "Company"), the storage and information management company, today announced that it has priced an underwritten public offering of 14,500,000  shares of its common stock at a price to the public of $37.00 per share. In connection with this offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 2,175,000 shares of its common stock. 

The Company intends to use the net proceeds from the offering, together with the proceeds from its concurrent offering of its 5.25% Senior Notes due 2028 (the "Notes Offering") and cash on hand, to finance the purchase price of the acquisition of IO Data Centers, LLC (the "Acquisition") and to pay related fees and expenses. The completion of the offering is not conditioned upon the consummation of the Notes Offering or the Acquisition. If the Acquisition is not consummated, the Company would use the net proceeds from the offering for general corporate purposes (which may include financing the expansion of the Company's adjacent and other businesses through acquisitions and repaying outstanding indebtedness).

J.P. Morgan, BofA Merrill Lynch, Wells Fargo Securities, Barclays, Evercore ISI, Goldman Sachs, and Morgan Stanley are acting as joint book-running managers for the offering.

The securities described above are being offered by the Company pursuant to a shelf registration statement filed with the Securities and Exchange Commission (the "SEC") on February 29, 2016, which became automatically effective by rule of the SEC upon filing. The offering is being made only by means of a prospectus supplement and the accompanying prospectus which forms a part of the registration statement. A prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov. Copies of the prospectus supplement and accompanying prospectus may also be obtained, when available, from J.P. Morgan Securities LLC, J.P. Morgan Securities LLC, Attention:  Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-888-803-9204; BofA Merrill Lynch, Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, email: [email protected]; Wells Fargo Securities, LLC, Attention: Equity Syndicate Department, 375 Park Avenue, New York, NY 10152, email: [email protected], telephone: 1-800-326-5987; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY  11717, email:  [email protected], telephone: 1-888-603-5847; or Evercore Group L.L.C., 55 East 52nd Street, 36^th Floor, New York, NY  10055, Attention:  Equity Capital Markets, email:  [email protected], telephone:  1-888-474-0200.  Before investing, you should carefully read the prospectus supplement, the accompanying prospectus and the other documents the Company has filed with the SEC for more complete information about the Company and this offering.

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 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.

SOURCE Iron Mountain Incorporated