Iron Mountain sees FY16 revenue $3.36B-$3.47B Sees FY16 adjusted OIBDA $1.01B-$1.07B. Iron Mountain says emerging market M&A pipeline strong and execution "well underway." Iron Mountain says a large Records and Information Management market opportunity remains in North America. Iron Mountain sees increasing its regular dividend and distributing remaining E&P purge by year end, assuming 2014 REIT conversion. Iron Mountain expects capital expenditures for 2014-2016 to be consistent with 2013 levels. Long-term guidance and comments from investor day presentation.
Iron Mountain announces debt offering Iron Mountain Incorporated announced a proposed private offering of $800M in aggregate principal amount of its Senior Notes due 2020. The Notes will be senior unsecured obligations of the company and will be guaranteed by certain of its subsidiaries. The company intends to use the net proceeds from the offering and borrowings under its revolving credit facility for the redemption of all of its outstanding 6.75% Euro Senior Subordinated Notes due 2018, 7.75% Senior Subordinated Notes due 2019 and 8.375% Senior Subordinated Notes due 2021. The exact terms and timing of the offering will depend upon market conditions and other factors.