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Commentary & Deal Flow

NEW ISSUE: Iron Mountain $1bn 8.5NC3 sr notes, IPT mid 6s, pxg today

HYC European Market: Deal Flow - GeneralHYC US Market: Deal Flow - General

+++Adds IPT: mid 6s+++

Iron Mountain Inc (IRM) $1bn 144A/Reg S sr notes due 01/15/35 (8.5y). NC3 (par + 50%). Existing Ba3/BB- (stable/stable). Via WFS/Barc/JPM/Miz/PNC/BofA/BNP/Citizens/CA/GS/MS/MUFG/M&T/SMBC/TSI/UBS jt books, CapOne, Huntington, Synovus, TD as co-mangers. No reg rights. Denoms: 2kx1k. Settles (T+8).

IPT: mid 6s.

Investor call at 11am 06/15. Pricing 06/15 afternoon. UOP: pay down a portion of its revolver, GCP. Biz: record and data storage and information management services. HQ: Portsmouth, NH.