Commentary & Deal Flow

Iron Mountain Inc (IRM) EUR750m 144A/Reg S sr notes due 01/15/34 (8.25y). NC3 (50%,25%,par). Expect Ba3/BB- (stable/stable). Via UBS (B&D)/Barc/BNP jt active books/JPM/MS/BofA/Citizens/CA/GS/M&T/Mizuho/MUFG/PNC/SMBC/TSI/WFS jt books, CapOne, Huntington, Synovus, TD as co-mangers. No reg rights. List Dublin. NY law. Denoms: 100kx1k. Roadshow (virtual) 09/04 (investor call at 11am UKT), also held a series of EMEA fixed income investor meetings 09/02-03. UOP: redeem its GBP400m 3.875% sr notes due 11/15/25 (callable at 100), and GCP, including paying down its revolver. Biz: record and data storage and information management services. HQ: Portsmouth, NH.

Netroadshow link: https://www.netroadshow.com/nrs/home/#!/?show=84920026. Entry code: IRM2025.