The Firm recently advised J.P. Morgan and eleven other Arrangers in connection with an $850 million committed bridge facility for Iron Mountain Incorporated (“Iron Mountain”) to finance its acquisition of Recall Holdings Limited (“Recall”).
Iron Mountain is a leading provider of storage and information management services. Iron Mountain’s real estate network of more than 69 million square feet across more than 1,100 facilities in 37 countries allows it to serve customers around the world, providing solutions for records management, data management, document management, and secure shredding enabling organizations to lower storage costs, comply with regulations, recover from disaster, and better use their information.
Recall is a leading global provider of information management services. Recall supports approximately 80,000 customer accounts in 25 countries. With a global footprint of more than 300 dedicated operations centers, Recall provides solutions for customers across a range of industries including academic, banking, business services, consumer/packaged goods, entertainment, financial, government, healthcare, insurance, legal, manufacturing and the public sector.
The Simpson Thacher team for the transaction included Patrick Ryan, Adam Weiner, Clark Warthen and Sara Campbell (Credit); Jacqueline Clinton (Tax); and Jeanne Annarumma (ERISA).