Iron Mountain said it entered into Amendment No. 3 to its Credit Agreement on July 2, 2024 with Iron Mountain Information Management, LLC (IMIM) and certain other subsidiaries. JPMorgan Chase Bank, N.A. served as administrative agent. The Credit Agreement is dated June 27, 2011.

1. 01

   Iron Mountain said it entered into Amendment No. 3 to its Credit Agreement on July 2, 2024 with Iron Mountain Information Management, LLC (IMIM) and certain other subsidiaries. JPMorgan Chase Bank, N.A. served as administrative agent. The Credit Agreement is dated June 27, 2011.

2. 02

   The company said IMIM reduced the interest rate on the existing Amendment No. 1 Incremental Term B Loans due 2031, extended the maturity and converted part of the existing 2026-maturity Term B Loans into a new class of fungible term B loans. It also raised additional incremental term loans that are fungible with the existing 2031-maturity loans.

3. 03

   Iron Mountain said that after the Amendment took effect, the Amended and Upsized 2031 Term B Loans bear interest, at IMIM's option, at SOFR plus 2.00% or the base rate plus 1.00%. It said the other terms, including maturity, are the same as those of the existing 2031 Term B Loans.

4. 04

   As of July 2, 2024, after giving effect to the Amendment, the company had $1,806,671,273.42 of outstanding borrowings of Amended and Upsized 2031 Term B Loans and $53,373,636.48 of outstanding borrowings of Existing Term B Loans, the company said.

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