2.4.0.81050 - Disclosure - Debttruefalsefalse1false falsefalseD2013Q2YTDhttp://www.sec.gov/CIK0001020569duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_DebtDisclosureAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Debt2false 2us-gaap_DebtDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div style="font-size:10.0pt;font-family:Times New Roman;"> (5) Debt         Long-term debt comprised the following: <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;">   <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="61"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left">  </th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="5" align="center">December 31, 2012</th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="5" align="center">June 30, 2013</th> <th style="FONT-FAMILY: times;"> </th></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" align="left">  </th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center">Carrying Amount</th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center">Fair Value</th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center">Carrying Amount</th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center">Fair Value</th> <th style="FONT-FAMILY: times;"> </th></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> Revolving Credit Facility(1)</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">55,500</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">55,500</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">187,700</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">187,700</td> <td style="FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> Term Loan Facility(1)</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">462,500</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">462,500</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">450,000</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">450,000</td> <td style="FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> 71/4% GBP Senior Subordinated Notes due 2014 (the "71/4% Notes")(2)(3)</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">242,813</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">242,813</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">228,180</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">228,408</td> <td style="FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> 71/2% CAD Senior Subordinated Notes due 2017 (the "Subsidiary Notes")(2)(4)</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">175,875</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">181,591</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">166,338</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">169,664</td> <td style="FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> 8% Senior Subordinated Notes due 2018 (the "8% Notes")(2)(3)</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">49,834</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">56,052</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">49,848</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">52,905</td> <td style="FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> 63/4% Euro Senior Subordinated Notes due 2018 (the "63/4% Notes")(2)(3)</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">335,152</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">341,753</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">330,338</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">335,902</td> <td style="FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> 73/4% Senior Subordinated Notes due 2019 (the "73/4% Notes")(2)(3)</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">400,000</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">451,000</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">400,000</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">430,500</td> <td style="FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> 8% Senior Subordinated Notes due 2020 (the "8% Notes due 2020")(2)(3)</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">300,000</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">317,250</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">300,000</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">311,475</td> <td style="FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> 83/8% Senior Subordinated Notes due 2021 (the "83/8% Notes")(2)(3)</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">548,518</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">610,500</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">548,604</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">583,000</td> <td style="FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> 53/4% Senior Subordinated Notes due 2024 (the "53/4% Notes")(2)(3)</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">1,000,000</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">1,012,500</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">1,000,000</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">930,000</td> <td style="FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> Real Estate Mortgages, Capital Leases and Other(5)</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">254,811</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">254,811</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">277,692</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">277,692</td> <td style="FONT-FAMILY: times;"> </td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top"> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> Total Long-term Debt</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">3,825,003</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">3,938,700</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right"> </td> <td style="FONT-FAMILY: times;"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;"> Less Current Portion(6)</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">(92,887</td> <td style="FONT-FAMILY: times;">)</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">(324,682</td> <td style="FONT-FAMILY: times;">)</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right"> </td> <td style="FONT-FAMILY: times;"> </td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top"> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td></tr> <tr style="padding:0;" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times;"> Long-term Debt, Net of Current Portion</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">3,732,116</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right">$</td> <td style="FONT-FAMILY: times;" align="right">3,614,018</td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;"> </td> <td style="FONT-FAMILY: times;" align="right"> </td> <td style="FONT-FAMILY: times;"> </td></tr> <tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top"> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom" align="right"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div>  <hr style="COLOR: #000000;" align="left" size="1" width="26%" noshade="noshade" /></div> <div style="POSITION: relative; TEXT-ALIGN: left; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;"> <dl compact="compact"> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;">(1)</dt> <dd style="FONT-FAMILY: times;">The capital stock or other equity interests of most of our U.S. subsidiaries, and up to 66% of the capital stock or other equity interests of our first-tier foreign subsidiaries, are pledged to secure these debt instruments, together with all intercompany obligations of subsidiaries owed to us or to one of our U.S. subsidiary guarantors or Iron Mountain Canada Operations ULC (f/k/a Iron Mountain Canada Corporation) ("Canada Company") and all promissory notes held by us or one of our U.S. subsidiary guarantors or Canada Company. The fair value (Level 3 of fair value hierarchy described at Note 2.k.) of this long-term debt approximates the carrying value (as borrowings under these debt instruments are based on current variable market interest rates, which are subject to change based on our consolidated leverage ratio, as of December 31, 2012 and June 30, 2013, respectively). </dd> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;">(2)</dt> <dd style="FONT-FAMILY: times;">The fair values (Level 1 of fair value hierarchy described at Note 2.k.) of these debt instruments are based on quoted market prices for these notes on December 31, 2012 and June 30, 2013, respectively.</dd></dl> <dl compact="compact"> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;">(3)</dt> <dd style="FONT-FAMILY: times;">Collectively, the "Parent Notes." IMI is the direct obligor on the Parent Notes, which are fully and unconditionally guaranteed, on a senior subordinated basis, by substantially all of its direct and indirect 100% owned U.S. subsidiaries (the "Guarantors"). These guarantees are joint and several obligations of the Guarantors. Canada Company and the remainder of our subsidiaries do not guarantee the Parent Notes. </dd> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;">(4)</dt> <dd style="FONT-FAMILY: times;">Canada Company is the direct obligor on the Subsidiary Notes, which are fully and unconditionally guaranteed, on a senior subordinated basis, by IMI and the Guarantors. These guarantees are joint and several obligations of IMI and the Guarantors. See Note 6 to Notes to Consolidated Financial Statements. </dd> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;">(5)</dt> <dd style="FONT-FAMILY: times;">The fair value (Level 3 of fair value hierarchy described at Note 2.k.) of this debt approximates its carrying value. </dd> <dt style="FONT-FAMILY: times; MARGIN-BOTTOM: -11pt;">(6)</dt> <dd style="FONT-FAMILY: times;">The increase in current portion of long-term debt from December 31, 2012 to June 30, 2013 is primarily related to the 71/4% Notes which are due on April 15, 2014 being classified as current.</dd></dl></div>         On June 27, 2011, we entered into a credit agreement that consists of (1) revolving credit facilities under which we can borrow, subject to certain limitations as defined in the credit agreement, up to an aggregate amount of $725,000 (including Canadian dollars, British pounds sterling and Euros, among other currencies) (the "Revolving Credit Facility") and (2) a $500,000 term loan facility (the "Term Loan Facility," and collectively with the Revolving Credit Facility, the "Credit Agreement"). We have the right to request an increase in the aggregate amount available to be borrowed under the Credit Agreement up to a maximum of $1,800,000. The Revolving Credit Facility is supported by a group of 19 banks. IMI, Iron Mountain Information Management, LLC ("IMIM"), Canada Company, Iron Mountain Europe (Group) Limited, Iron Mountain Australia Pty Ltd., Iron Mountain Switzerland Gmbh and any other subsidiary of IMIM designated by IMIM (the "Other Subsidiaries") may, with the consent of the administrative agent, as defined in the Credit Agreement, borrow under certain of the following tranches of the Revolving Credit Facility: (1) tranche one in the amount of $400,000 is available to IMI and IMIM in U.S. dollars, British pounds sterling and Euros, (2) tranche two in the amount of $150,000 is available to IMI or IMIM in either U.S. dollars or Canadian dollars and available to Canada Company in Canadian dollars and (3) tranche three in the amount of $175,000 is available to IMI or IMIM and the Other Subsidiaries in U.S. dollars, Canadian dollars, British pounds sterling, Euros and Australian dollars, among others. The Revolving Credit Facility terminates on June 27, 2016, at which point all revolving credit loans under such facility become due. With respect to the Term Loan Facility, loan payments are required through maturity on June 27, 2016 in equal quarterly installments of the aggregate annual amounts based upon the following percentage of the original principal amount in the table below (except that each of the first three quarterly installments in the fifth year shall be 10% of the original principal amount and the final quarterly installment in the fifth year shall be 35% of the original principal): <div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;">   <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;"> <tr style="padding:0;"> <td style="FONT-FAMILY: times;" align="left"></td> <td style="FONT-FAMILY: times;" width="12"></td> <td style="FONT-FAMILY: times;" width="7" align="right"></td> <td style="FONT-FAMILY: times;" width="51"></td> <td style="FONT-FAMILY: times;" width="12"></td></tr> <tr style="padding:0;" valign="bottom"> <th style="FONT-FAMILY: times;" nowrap="nowrap" align="left"> <div style="BORDER-BOTTOM: #000000 1pt solid; WIDTH: 43pt; MARGIN-BOTTOM: 0pt;">Year Ending </div></th> <th style="FONT-FAMILY: times;"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center">Percentage</th> <th style="FONT-FAMILY: times;"> </th></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> June 30, 2012</td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom" align="right">5</td> <td style="FONT-FAMILY: times;" valign="bottom">%</td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> June 30, 2013</td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom" align="right">5</td> <td style="FONT-FAMILY: times;" valign="bottom">%</td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> June 30, 2014</td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom" align="right">10</td> <td style="FONT-FAMILY: times;" valign="bottom">%</td></tr> <tr style="padding:0;" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times;" valign="bottom"> June 30, 2015</td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom" align="right">15</td> <td style="FONT-FAMILY: times;" valign="bottom">%</td></tr> <tr style="padding:0;" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times;" valign="bottom"> June 27, 2016</td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom"> </td> <td style="FONT-FAMILY: times;" valign="bottom" align="right">65</td> <td style="FONT-FAMILY: times;" valign="bottom">%</td></tr></table></div> </div>         The Term Loan Facility may be prepaid without penalty or premium, in whole or in part, at any time. IMI and IMIM guarantee the obligations of each of the subsidiary borrowers. The capital stock or other equity interests of most of our U.S. subsidiaries, and up to 66% of the capital stock or other equity interests of our first-tier foreign subsidiaries, are pledged to secure the Credit Agreement, together with all intercompany obligations of foreign subsidiaries owed to us or to one of our U.S. subsidiary guarantors or Canada Company and all promissory notes held by us or one of our U.S. subsidiary guarantors or Canada Company. The interest rate on borrowings under the Credit Agreement varies depending on our choice of interest rate and currency options, plus an applicable margin, which varies based on certain financial ratios. Additionally, the Credit Agreement requires the payment of a commitment fee on the unused portion of the Revolving Credit Facility, which fee ranges from between 0.3% to 0.5% based on certain financial ratios. There are also fees associated with any outstanding letters of credit. As of June 30, 2013, we had $187,700 of outstanding borrowings under the Revolving Credit Facility, all of which was denominated in U.S. dollars; we also had various outstanding letters of credit totaling $2,312. The remaining availability under the Revolving Credit Facility on June 30, 2013, based on IMI's leverage ratio, which is calculated based on the last 12 months' earnings before interest, taxes, depreciation and amortization ("EBITDA"), and other adjustments as defined in the Credit Agreement and current external debt, was $534,988. The average interest rate in effect under the Revolving Credit Facility was 2.5% and ranged from 2% to 4% as of June 30, 2013. The interest rate in effect under the Term Loan Facility was 2.0% as of June 30, 2013. For the three and six months ended June 30, 2012, we recorded commitment fees and letters of credit fees of $449 and $1,049, respectively, based on the unused balances under our revolving credit facilities and outstanding letters of credit. For the three and six months ended June 30, 2013, we recorded commitment fees and letters of credit fees of $546 and $1,156, respectively, based on the unused balances under our revolving credit facilities and outstanding letters of credit.         The Credit Agreement, our indentures and other agreements governing our indebtedness contain certain restrictive financial and operating covenants, including covenants that restrict our ability to complete acquisitions, pay cash dividends, incur indebtedness, make investments, sell assets and take certain other corporate actions. The covenants do not contain a rating trigger. Therefore, a change in our debt rating would not trigger a default under the Credit Agreement, our indentures or other agreements governing our indebtedness. The Credit Agreement, as well as our indentures, use EBITDA-based calculations as primary measures of financial performance, including leverage and fixed charge coverage ratios. IMI's revolving credit and term leverage ratio was 3.93 and 4.06 as of December 31, 2012 and June 30, 2013, respectively, compared to a maximum allowable ratio of 5.50 under the Credit Agreement. Similarly, IMI's bond leverage ratio, per the indentures, was 5.33 and 4.92 as of December 31, 2012 and June 30, 2013, respectively, compared to a maximum allowable ratio of 6.50. IMI's revolving credit and term loan fixed charge coverage ratio was 1.33 and 1.37 as of December 31, 2012 and June 30, 2013, respectively, compared to a minimum allowable ratio of 1.20 and 1.00 as of December 31, 2012 and June 30, 2013, respectively, under the Credit Agreement. Noncompliance with these leverage and fixed charge coverage ratios would have a material adverse effect on our financial condition and liquidity. </div>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 false0DebtfalseDebtUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.ironmountain.com/role/DisclosureDebt12