Filed
Pursuant to Rule 433
Dated June 2, 2008
Registration Statement No. 333-144683
Supplementing Preliminary Prospectus Supplement Dated June 2, 2008, and
Prospectus dated July 19, 2007
| Issuer: | Iron Mountain Incorporated | |||
| Issue: | Senior Subordinated Notes due 2020 | |||
| Distribution: | SEC Registered | |||
| Offering Size: | $300,000,000 | |||
| Coupon: | 8% per annum, payable semi-annually, June 15 and December 15, commencing December 15, 2008 |
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| Maturity: | June 15, 2020 | |||
| Price to Public (Issue Price): | 100.000% | |||
| Gross Proceeds: | $300,000,000 | |||
| Gross Spread: | 1.500% | |||
| All-in Price: | 98.500% | |||
| Spread to Treasury: | + 403 bps | |||
| Net Proceeds to Issuer: | $295,500,000 (before offering expenses) | |||
| Benchmark: | UST 3.875% due 5/15/2018 | |||
| Optional Redemption: | Make-Whole T + 75 bps until June 15, 2013 | |||
| Call Prices: | June 15, 2013 | 104.000% | ||
| June 15, 2014 | 102.667% | |||
| June 15, 2015 | 101.333% | |||
| June 15, 2016 and thereafter | 100.000% | |||
| Equity Clawback: | A portion of the outstanding notes at 108% until June 15, 2011 provided at least $195,000,000 aggregate principal amount of notes remain outstanding | |||
| Change of Control: | 101% of principal plus accrued interest | |||
| Trade Date: | June 2, 2008 | |||
| Settlement Date: | June 5, 2008 | |||
| CUSIP: | 46284PAL8 | |||
| ISIN: | US46284PAL85 | |||
| Denominations | 2,000x1,000 | |||
| Joint Bookrunners: | JPMorgan, Barclays Capital, Lehman Brothers, and RBS Greenwich Capital | |||
| Co-Managers: | Banc of America Securities LLC, William Blair & Company, Morgan Stanley, and Wells Fargo Securities | |||
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling collect 1-212-270-3994.