On Oct. 28, 2004, Standard&Poor's Ratings Services assigned its 'BB-' bank loan rating to Iron Mountain Inc.'s proposed $150 million term loan D due 2011. The amended credit facilities consist of a $350 million revolving credit facility due 2009, a $200 million term loan C due 2011, as well as the new term loan D. The rating is the same as the corporate credit rating. The proceeds from the new term loan D will be used to fund acquisitions. All existing ratings, including the 'BB-' corporate credit rating, were affirmed. Boston, Mass.-based Iron Mountain had total debt total outstanding of $2.34 billion at Sept. 30, 2004. The outlook is stable. The ratings reflect Iron Mountain's relatively high debt
