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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
J.P. Morgan Securities, Merrill Lynch Lead Iron Mountain Credit Facility
Wednesday, August 23, 2017
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Lenders/Participants
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J.P. Morgan Securities [Joint Lead Arranger]
Merrill Lynch [Joint Lead Arranger]
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Structure
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$1.75B Revolver; $250MM Term Loan A
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Amount
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$2.000
Billion
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Borrower(s)
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Iron Mountain Incorporated
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Description
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Amendment and restatement of its existing revolving credit facility of $1.75 billion and its existing $250 million term loan A with a syndicate of 24 banks. Additionally, an accordion feature allows the company to request an increase in the aggregate amount available under the credit facility or term loan by up to $500 million, for a total of $2.5 billion of availability, subject to certain conditions and additional lender commitments. Borrowings under the revolving credit facility are available for general corporate purposes. Funds may be drawn in U.S. dollars, Canadian dollars, British pounds sterling, and Euros, among other currencies. The new credit facility is scheduled to mature in August 2022. Pricing under the credit facility was reduced by 25 basis points with applicable margins now at 25-200 basis points (the range varies based on certain financial ratios and loan types). Underlying rates are based upon the company's choice of loan types and currency options.
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Industry
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Technology
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| Related Tags |
Iron Mountain, J.P. Morgan Securities, Merrill Lynch
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ABL Advisor
Deal Tables
2025
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