Iron Mountain to launch $1 billion term loan B on Monday

By Sara Rosenberg

New York, Dec. 1 – Iron Mountain Information Management LLC is scheduled to hold a lender call at 11 a.m. ET on Monday to launch a $1 billion seven-year senior secured term loan B, according to a market source.

Barclays, JPMorgan Chase Bank and others to be announced are the bookrunners on the deal. JPMorgan is the administrative agent.

The term loan has 101 soft call protection for six months and amortization of 1% per annum, the source said.

Expected term loan ratings are Ba3/BB.

Proceeds will be used for general corporate purposes, including, but not limited to, the repayment of revolving credit facility borrowings, and to pay related fees and expenses.

Iron Mountain is a Portsmouth, N.H.-based information management company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.