UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 of 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 16, 2003
IRON MOUNTAIN INCORPORATED
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(Exact name of registrant as specified in its charter)
PENNSYLVANIA
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(State or other jurisdiction
of incorporation)
1-13045 23-2588479
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(Commission (IRS Employer
File Number) Identification No.)
745 Atlantic Avenue
Boston, Massachusetts 02111
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(Address of principal executive offices, including zip code)
(617) 535-4766
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(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS
On June 16, 2003, we announced a proposed public offering of $150
million in aggregate principal amount of Senior Subordinated Notes due 2016. We
intend to use the net proceeds from the offering to redeem all or a portion of
the outstanding 8-1/8% Senior Notes due 2008 of our subsidiary, Iron Mountain
Canada Corporation, which we have guaranteed on a senior subordinated basis, and
for general corporate purposes, including the possible repayment of other
indebtedness and possible future acquisitions and investments. A copy of our
press release regarding this event is being filed as an exhibit to this report.
In connection with the proposed offering, we are also disclosing that
Iron Mountain Europe Limited, our majority owned subsidiary that operates our
records and information management business in Europe, is participating in a
process for the sale of, and has made a proposal to acquire, the Information
Management Services unit of Hays Plc ("Hays IMS"). We believe that Iron Mountain
Europe is one of several bidders for Hays IMS, whose operations are principally
in the United Kingdom and continental Europe. Hays IMS' revenues in the year
ended 30 June 2002 were approximately 88.3 million pounds sterling. There can be
no assurances that we will be the successful bidder for Hays IMS.
If we are successful, Iron Mountain Incorporated may provide the
financing to Iron Mountain Europe to enable it to acquire Hays IMS. We intend
for Iron Mountain Europe to seek permanent financing to fund the acquisition or
to repay all or a portion of any such financing from Iron Mountain Incorporated.
Iron Mountain Europe is an unrestricted subsidiary under our existing indentures
and we anticipate that it will be an unrestricted subsidiary under the
indentures for our senior subordinated notes, including the notes offered
hereby, for the foreseeable future.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
EXHIBIT NO. ITEM
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99.1 The Company's Press Release, dated June 16, 2003, regarding a
proposed public offering of senior subordinated notes.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
IRON MOUNTAIN INCORPORATED
(Registrant)
By: /s/ Jean A. Bua
Name: Jean A. Bua
Title: Vice President and Corporate
Controller
Date: June 16, 2003