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09.09.2014 16:44:00
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Iron Mountain Europe PLC -- Moody's rates Iron Mountain's new senior unsecured notes Ba1
New York, September 09, 2014 -- Moody's Investors Service assigned a Ba1 rating to Iron Mountain Incorporated's ("Iron Mountain") proposed GBP350 million senior unsecured notes being issued by Iron Mountain's subsidiary, Iron Mountain Europe PLC. The company will use net proceeds to reduce borrowings under its revolving credit facility and for general corporate purposes. The proposed transactions are leverage neutral and Iron Mountain's Ba3 corporate family rating, existing ratings for its debt instruments and stable ratings outlook are not affected.
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