Iron Mountain Inc. is offering $825 million in senior unsecured notes due 2028 via a private placement.
Together with the net proceeds of its previous common stock offering, Iron Mountain expects to use net proceeds from the current offering to fund the purchase of IO Data Centers LLC, pay related fees and expenses, and use the remaining net proceeds, if any, for general corporate purposes.
The exact terms and timing of the offering will be determined by market conditions and other factors, the company said in a release.
