EXHIBIT 99.1
Investor Relations contact:
Stephen P. Golden
Vice President, Investor Relations
sgolden@ironmountain.com
(617) 535-4769
FOR IMMEDIATE RELEASE
Iron Mountain Incorporated Prices Debt Offering
Boston—June 2, 2008—Iron Mountain Incorporated (NYSE: IRM) announced today that it has priced a public offering of $300 million in aggregate principal amount of its 8% Senior Subordinated Notes due 2020. The notes will be sold at par. The net proceeds to the Company will be used for the repayment of outstanding indebtedness under its revolving credit facility, redemption of all its outstanding 8-1/4% Senior Subordinated Notes due 2011, the possible repayment, repurchase or retirement of other indebtedness and for general corporate purposes, including possible future acquisitions and investments. The closing of the offering is expected to occur on June 5, 2008 and is subject to customary closing conditions.
J.P. Morgan Securities Inc., Barclays Capital, Lehman Brothers, and RBS Greenwich Capital are joint book-running managers for the offering.
Iron Mountain Incorporated is making the offering under a shelf registration statement previously declared effective by the Securities and Exchange Commission. This offering is being made solely by means of a prospectus. A copy of the prospectus supplement and related base prospectus for the offering may be obtained on the SEC website at www.sec.gov. Alternatively, the underwriters will arrange to send you the prospectus supplement and related base prospectus if you request them by contacting J.P. Morgan Securities Inc. at 270 Park Avenue, 8th Floor, New York, New York 10017, attention Syndicate Desk.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This announcement does not constitute a notice of redemption of the 8-1/4% notes referred to above.
About Iron Mountain
Iron Mountain Incorporated (NYSE:IRM) helps organizations around the world reduce the costs and risks associated with information protection and storage. The Company offers comprehensive records management and data protection solutions, along with the expertise and experience to address complex information challenges such as rising storage costs, litigation, regulatory compliance and disaster recovery. Founded in 1951, Iron Mountain is a trusted partner to more than 100,000 corporate clients throughout North America, Europe, Latin America and Asia Pacific. For more information, visit the Company’s Web site at www.ironmountain.com.
# # #
