01—Abstract
Summary
Summary of the 8-K filed November 13, 2025. Cited figures are marked; the original filing is the authoritative source.
Iron Mountain Incorporated (IRM) reported on Form 8-K that on November 13, 2025, the Company, Iron Mountain Information Management, LLC (IMIM), and certain other subsidiaries entered into Amendment No. 7 to the Company's Credit Agreement dated as of June 27, 2011.
Under the amendment, IMIM incurred incremental term loans in an aggregate principal amount of $200,000,000a (the Incremental Term B Loans), which are fungible for all purposes with the existing Amendment No. 1 Incremental Term B Loans due 2031. The Incremental Term B Loans carry the same interest rate and maturity as the Existing Term B Loans. Other material provisions of the Credit Agreement remain materially unchanged.
After giving effect to the amendment, the Company had $2,036,677,512b of outstanding borrowings of Amendment No. 1 Incremental Term B Loans as of November 13, 2025. The filing is disclosed under Item 1.01 (Material Definitive Agreement) and Item 2.03 (Creation of a Direct Financial Obligation), and the full amendment is filed as Exhibit 10.1. Certain schedules to the exhibit have been omitted under Item 601(a)(5) of Regulation S-K and will be furnished to the SEC on request.
02—Key points
Key Highlights
- Amendment No. 7 to the Credit Agreement was entered into on November 13, 2025 by the Company, IMIM, and certain other subsidiaries.
- IMIM incurred $200,000,000 of incremental term loans (Incremental Term B Loans).
- The new loans are fungible with the existing Amendment No. 1 Incremental Term B Loans due 2031 and share their interest rate and maturity.
- Outstanding Amendment No. 1 Incremental Term B Loans totaled $2,036,677,512 as of November 13, 2025, after giving effect to the amendment.
- The filing is reported under Items 1.01 and 2.03, reflecting a material definitive agreement and a new direct financial obligation.
- Other material provisions of the Credit Agreement remain materially unchanged; JPMorgan Chase Bank, N.A. serves as administrative agent.
03—Questions
Frequently Asked Questions
How much new debt did Iron Mountain take on under this amendment?
IMIM incurred incremental term loans in an aggregate principal amount of $200,000,000 under Amendment No. 7.
What are the terms of the new Incremental Term B Loans?
The interest rate and maturity applicable to the Incremental Term B Loans are the same as those of the Existing Term B Loans, and the two are fungible for all purposes.
What is the total outstanding balance of these term loans after the amendment?
As of November 13, 2025, after giving effect to the amendment, the Company had $2,036,677,512 of outstanding borrowings of Amendment No. 1 Incremental Term B Loans.
Did the amendment change other terms of the Credit Agreement?
Except as amended, the Credit Agreement remains in full force and effect, and all other material provisions remain materially unchanged.
Where can investors find the full terms of the amendment?
The complete amendment and Credit Agreement are filed as Exhibit 10.1 to the report. Certain schedules have been omitted under Item 601(a)(5) of Regulation S-K and will be provided to the SEC upon request.
04—Continue