Iron Mountain Incorporated (NYSE: IRM), the storage and information management company, today announced that it has commenced a cash tender offer (the “Tender Offer”) for up to $137.5 million of its outstanding 8-3/8% Senior Subordinated Notes due 2021 (CUSIP No. 46284P AM6) (the “Notes”). The Tender Offer is being made on the terms and subject to the conditions set forth in the Offer to Purchase, dated August 8, 2013 (the “Offer to Purchase”), and the related Letter of Transmittal (“Letter of Transmittal”).
Upon the terms and subject to the conditions described in the Offer to Purchase and Letter of Transmittal, Iron Mountain is offering to purchase for cash up to $137.5 million in aggregate principal amount of Notes (the “Maximum Repurchase Amount”).
Except as required by applicable law, Notes validly tendered may be withdrawn only at or before 5:00 p.m., New York City time, on August 21, 2013, unless extended, except in limited circumstances where additional withdrawal rights are required by law (such date and time, as the same may be extended or earlier terminated, the “Withdrawal Deadline”). Notes tendered after the Withdrawal Deadline and on or prior to the Expiration Time (defined below) may not be withdrawn.
The Tender Offer will expire at midnight, New York City time, at the end of September 5, 2013, unless extended or earlier terminated (such date and time, as the same may be extended, the “Expiration Time”).The consideration for each $1,000 principal amount of Notes validly tendered and accepted for purchase pursuant to the Tender Offer will be as set forth in the table below under “Tender Offer Consideration.” Holders of Notes that are validly tendered at or before 5:00 p.m., New York City time, on August 21, 2013, unless such date and time are extended or the Tender Offer is earlier terminated by Iron Mountain in its sole discretion (such date and time, as the same may be extended or earlier terminated, the “Early Tender Deadline”), and accepted for purchase will receive the Tender Offer Consideration plus the amount set forth in the table below under “Early Tender Premium.” Holders of Notes that are validly tendered after the Early Tender Deadline and at or before the Expiration Time and accepted for purchase will receive the Tender Offer Consideration. In order to be eligible to receive the Total Consideration for tendered Notes (described below), holders must validly tender and not properly withdraw their Notes at or before the Early Tender Deadline.
|CUSIP No.||Description of Notes||Aggregate Principal Amount Outstanding at Maturity||Early Tender Premium 1||Tender Offer Consideration 2||Total Consideration 2||Maximum Repurchase Amount|
|46284P AM6||8-3/8% Senior Subordinated Notes due 2021||
|550.0 million||$||30||$||1,067.50||$||1,097.50||$||137.5 million|
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