BOSTON, March 27, 2018 /PRNewswire/ -- Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, announced that it has closed on a USD 700 million Syndicated Term Loan B Facility, which matures in January 2026 and bears interest at LIBOR plus 1.75%.  The proceeds will be used to repay amounts outstanding under Iron Mountain's existing revolving credit facility. JPMorgan Chase Bank, N.A. and Barclays Bank Plc are joint lead arrangers and active bookrunners for this term loan.

In addition, Iron Mountain Australia Group Pty Ltd, a wholly owned subsidiary of Iron Mountain, announced that it has entered into an agreement to upsize its existing AUD 250 million Syndicated Term Loan B Facility, with an approximate AUD 241 million outstanding, by an additional AUD 100 million to an aggregate of AUD 341 million (the "AUD Term Loan Facility").  Funding is expected to occur on or about March 29, 2018.  The AUD Term Loan Facility will mature in September 2022 and will bear reduced interest at BBSY plus 3.875%. The proceeds are expected to be used to repay amounts outstanding under Iron Mountain's existing revolving credit facility and for general corporate purposes. Barclays Bank PLC, Credit Agricole Securities (USA) Inc., and HSBC Bank Australia Ltd are joint lead arrangers for this term loan.

About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 85 million square feet across more than 1,400 facilities in over 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Providing solutions that include information management, digital transformation, secure storage,  secure destruction, as well as data centers, cloud services and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster, and enable a more digital way of working. Visit www.ironmountain.com for more information.

Investor Relations Contact:
Melissa Marsden                                                        
Senior Vice President, Investor Relations                 
melissa.marsden@ironmountain.com                        
(617) 535-8595 

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SOURCE Iron Mountain Incorporated