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29.04.2015 23:13:00
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Iron Mountain Incorporated -- Moody's says that the proposed acquisition of Recall would be credit positive for Iron Mountain
New York, April 29, 2015 -- Moody's Investors Service believes that Iron Mountain Incorporated's (Iron Mountain) revised offer to acquire Sydney, Australia-based Recall Holdings Limited (Recall) is credit positive for Iron Mountain. If completed consistent with the proposed terms, the acquisition will enhance Iron Mountain's scale, generate significant cost savings, and accelerate deleveraging. However, Iron Mountain's Ba3 Corporate Family Rating, its existing debt instrument ratings, and the stable ratings outlook are not affected by the announcement.
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