Iron Mountain Incorporated, Iron Mountain Information Management, LLC Enters into an Amendment No. 6 to the Credit Agreement

Published: 2025-06-20 07:35:22 ET IRM

Published on 06/20/2025 at 07:35

On June 18, 2025, Iron Mountain Incorporated, Iron Mountain Information Management, LLC, and certain other subsidiaries of the Company entered into an Amendment No. 6 to the Company?s Credit Agreement, dated as of June 27, 2011 (as previously amended, restated, amended and restated, supplemented or otherwise modified from time to time, the ? Credit Agreement ?; capitalized terms used but not defined herein shall have the meanings assigned therefor in the Credit Agreement), by and among, inter alia, the Company, IMIM, the other borrowers party thereto, the lenders party thereto, JPMorgan Chase Bank, N.A., as the administrative agent, and JPMorgan Chase Bank, N.A., Toronto Branch, as Canadian administrative agent.

Pursuant to the Amendment IMIM (a) amended the amortization schedule applicable to the 2022 Term A Loans outstanding under the Credit Agreement immediately prior to the effectiveness of the Amendment (the ? Existing 2022 Term A Loans ? and, as amended and upsized as set forth in clause (b) below, the ?

Amended and Upsized 2022 Term A Loans ?), and (b) incurred incremental term loans in an aggregate principal amount of $286,718,750 (and used the proceeds to reduce borrowings under the Company?s revolving credit facility) that are fungible for all purposes with the Existing 2022 Term A Loans. After giving effect to the Amendment, the Company is required to make amortization payments with respect to the Amended and Upsized 2022 Term A Loans in quarterly amounts equal to 1.25% of the aggregate principal amount of the Amended and Upsized 2022 Term A Loans on the effective date of the Amendment. Except as otherwise provided in the Amendment, the other terms applicable to the Amended and Upsized 2022 Term A Loans are the same as those applicable to the Existing 2022 Term A Loans.

Except as amended by the Amendment, the terms of the Credit Agreement remain in full force and effect. All other material provisions of the Credit Agreement remain materially unchanged. As of June 18, 2025, after giving effect to the Amendment and the transactions contemplated therein, the Company had $500,000,000.00 of outstanding borrowings of Amended and Upsized 2022 Term A Loans under the Credit Agreement.