Iron Mountain, a storage and information management services company, closed on a $700 million syndicated term loan B facility, which matures in January 2026 and bears interest at LIBOR + 1.75%. The proceeds will be used to repay amounts outstanding under Iron Mountain’s existing revolving credit facility.
JPMorgan and Barclays Bank are joint lead arrangers and active bookrunners for this term loan. According to a related 8-K filing, JPMorgan is also administrative agent.
