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Iron Mountain Plans $874 Million Debt Offering

BY MT Newswires | CORPORATE | 09/04/25 04:58 AM EDT

04:58 AM EDT, 09/04/2025 (MT Newswires) -- Iron Mountain (IRM) said Thursday that it plans to launch an offering of 750 million euros ($874 million) aggregate principal amount of its senior notes due 2034.

The company said the notes will be fully guaranteed by its subsidiaries that serve as obligors under each series of its existing notes.

Proceeds from the offering will be used to redeem Iron Mountain's outstanding 3.875% GBP senior notes due 2025 and for general corporate purposes, the company said.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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