BOSTON & SYDNEY--(BUSINESS WIRE)--Iron Mountain Australia Group Pty Ltd, a wholly owned subsidiary of Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, announced that it has closed on an AUD 250,000,000 Syndicated Term Loan B Facility, which matures in September 2022 and bears interest at BBSY plus 4.25%. The proceeds will be used to repay amounts outstanding under Iron Mountain’s existing revolving credit facility and for general corporate purposes.

“We are pleased to close on this Australian Dollar term loan; shifting debt to international markets creates a natural foreign currency hedge and a tax-efficient debt structure,” said Stuart Brown, Executive Vice President and Chief Financial Officer.

Barclays Bank PLC, Credit Agricole Securities (USA) Inc., and HSBC Bank Australia Ltd are joint lead arrangers for the term loan.

About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is the global leader for storage and information management services. Trusted by more than 220,000 organizations around the world, Iron Mountain boasts a real estate network of more than 80 million square feet across more than 1,350 facilities in 45 countries dedicated to protecting and preserving what matters most for its customers. Iron Mountain’s solutions portfolio includes records management, data management, document management, data centers, art storage and logistics, and secure shredding to help organizations to lower storage costs, comply with regulations, recover from disaster, and better use their information. Founded in 1951, Iron Mountain stores and protects billions of information assets, including critical business documents, electronic information, medical data and cultural and historical artifacts.