Exhibit 10.1

 

EXECUTION VERSION

 

COMMITMENT INCREASE SUPPLEMENT

 

COMMITMENT INCREASE SUPPLEMENT, dated June 24, 2016 (this “Supplement”), to the
Credit Agreement dated as of July 2, 2015 (as further amended, supplemented or
otherwise modified from time to time, the “Agreement”), among Iron Mountain
Information Management, LLC (the “Company”), Iron Mountain Incorporated (the
“Parent”), the other Borrowers from time to time party thereto, the lenders
parties thereto (the “Lenders”), JPMorgan Chase Bank, N.A., as Administrative
Agent (the “Administrative Agent”), JPMorgan Chase Bank, N.A., Toronto Branch,
as Canadian Administrative Agent, and the other parties thereto.

 

W I T N E S S E T H :

 

WHEREAS, pursuant to Section 2.01(b) of the Agreement, the Company has the
right, subject to the terms and conditions thereof, to effectuate from time to
time an increase in the aggregate Revolving Commitments under the Agreement by
requesting one or more Lenders to increase the amount of its Revolving
Commitment;

 

WHEREAS, the Company has given notice to the Agent of its intention to increase
the aggregate Revolving Commitments pursuant to such Section 2.01(b); and

 

WHEREAS, pursuant to Section 2.01(b) of the Agreement, each of the undersigned
Increasing Lenders (as defined in the Agreement) now desires to increase the
amount of its Revolving Commitment under the Agreement by executing and
delivering to the Company and the Agent a supplement to the Agreement in
substantially the form of this Supplement;

 

NOW THEREFORE, each of the parties hereto hereby agrees as follows:

 

Each of the undersigned Increasing Lenders agrees, subject to the terms and
conditions of the Agreement, that on the date this Supplement is accepted by the
Company and acknowledged by the Agent it shall, as applicable, have its:

 

(a)                                 US$ Commitment increased by the amount set
forth on Schedule I hereto under the heading “US$ Commitment Increase”, thereby
making its total US$ Commitment equal to the amount set forth on Schedule I
hereto under the heading “Total US$ Commitment”; and/or

 

(b)                                 Multi-Currency Commitment increased by the
amount set forth on Schedule I hereto under the heading “Multi-Currency
Commitment Increase”, thereby making its total Multi-Currency Commitment equal
to the amount set forth on Schedule I hereto under the heading “Total
Multi-Currency Commitment”;

 

thus making the aggregate amount of its total Revolving Commitments equal to the
amount set forth on Schedule I hereto under the heading “Total Revolving
Commitment”.

 

Pursuant to Section 2.01(b), upon the effectiveness of this Supplement, Schedule
I of the Agreement shall, without further action, be deemed to have been amended

 

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appropriately to reflect the increased Revolving Commitments of the Increasing
Lenders as set forth herein.

 

The Company hereby represents and warrants that no Default or Event of Default
has occurred and is continuing on and as of the date hereof.

 

Terms defined in the Agreement shall have their defined meanings when used
herein.

 

This Supplement shall be governed by, and construed in accordance with, the laws
of the State of New York.

 

This Supplement may be executed in any number of counterparts and by different
parties hereto in separate counterparts, each of which when so executed shall be
deemed to be an original and all of which taken together shall constitute one
and the same document.

 

[remainder of this page intentionally left blank]

 

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IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be
executed and delivered by a duly authorized officer on the date first above
written.

 

 

JPMORGAN CHASE BANK, N.A.

 

 

 

 

 

 

 

By:

/s/ Gene Riego de Dios

 

 

Name:

Gene Riego de Dios

 

 

Title:

Vice President

 

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IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be
executed and delivered by a duly authorized officer on the date first above
written.

 

 

Bank of America, NA

 

 

 

 

 

 

 

By:

/s/ Luanne T. Smith

 

 

Name:

Luanne T. Smith

 

 

Title:

Vice President

 

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IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be
executed and delivered by a duly authorized officer on the date first above
written.

 

 

Citizens Bank, N.A.

 

 

 

 

 

 

 

By:

/s/ Christian Peng

 

 

Name:

Christian Peng

 

 

Title:

Vice President

 

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IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be
executed and delivered by a duly authorized officer on the date first above
written.

 

 

Credit Agricole Corporate and Investment Bank

 

 

 

 

 

 

 

By:

/s/ Gordon Yip

 

 

Name:

Gordon Yip

 

 

Title:

Director

 

 

 

 

 

 

 

By:

/s/ Jeff Ferrell

 

 

Name:

Jeff Ferrell

 

 

Title:

Managing Director

 

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IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be
executed and delivered by a duly authorized officer on the date first above
written.

 

 

Wells Fargo Bank, N.A.

 

 

 

 

 

 

 

By:

/s/ David Mallett

 

 

Name:

David Mallett

 

 

Title:

Managing Director

 

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IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be
executed and delivered by a duly authorized officer on the date first above
written.

 

 

GOLDMAN SACHS BANK USA

 

 

 

 

 

 

 

By:

/s/ Rebecca Kratz

 

 

Name:

Rebecca Kratz

 

 

Title:

Authorized Signatory

 

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IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be
executed and delivered by a duly authorized officer on the date first above
written.

 

 

Morgan Stanley Senior Funding, Inc.

 

 

 

 

 

 

 

By:

/s/ Michael King

 

 

Name:

Michael King

 

 

Title:

Vice President

 

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IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be
executed and delivered by a duly authorized officer on the date first above
written.

 

 

HSBC Bank Plc

 

 

 

 

 

 

 

By:

/s/ Clare Walker

 

 

Name:

Clare Walker

 

 

Title:

Relationship Director

 

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IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be
executed and delivered by a duly authorized officer on the date first above
written.

 

 

HSBC Bank USA, National Association

 

 

 

 

 

 

 

By:

/s/ Zhiyan Zeng

 

 

Name:

Zhiyan Zeng

 

 

Title:

Vice President

 

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IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be
executed and delivered by a duly authorized officer on the date first above
written.

 

 

Barclays Bank PLC, as Increasing Lender

 

 

 

 

 

 

 

By:

/s/ Marguerite Sutton

 

 

Name:

Marguerite Sutton

 

 

Title:

Vice President

 

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IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be
executed and delivered by a duly authorized officer on the date first above
written.

 

 

ROYAL BANK OF CANADA

 

 

 

 

 

 

 

By:

/s/ Brian Gross

 

 

Name:

Brian Gross

 

 

Title:

Authorized Signatory

 

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IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be
executed and delivered by a duly authorized officer on the date first above
written.

 

 

PNC Bank, National Association

 

 

 

 

 

 

 

By:

/s/ Michael Richards

 

 

Name:

Michael Richards

 

 

Title:

Senior Vice President, Managing Director

 

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IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be
executed and delivered by a duly authorized officer on the date first above
written.

 

 

SUNTRUST BANK

 

 

 

 

 

 

 

By:

/s/ Jason Crowley

 

 

Name:

Jason Crowley

 

 

Title:

Vice President

 

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IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be
executed and delivered by a duly authorized officer on the date first above
written.

 

 

TD BANK, N.A.

 

 

 

 

 

 

 

By:

/s/ Alan Garson

 

 

Name:

Alan Garson

 

 

Title:

Senior Vice President

 

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IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be
executed and delivered by a duly authorized officer on the date first above
written.

 

 

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD

 

 

 

 

 

 

 

By:

/s/ George Stoecklein

 

 

Name:

George Stoecklein

 

 

Title:

Managing Director

 

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IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be
executed and delivered by a duly authorized officer on the date first above
written.

 

 

KBC Bank N.V., New York Branch

 

 

 

 

 

 

 

By:

/s/ Lene E. Mosdoel

 

 

Name:

Lene E. Mosdoel

 

 

Title:

Associate

 

 

 

 

By:

/s/ Thomas R. Lalli

 

 

Name:

Thomas R. Lalli

 

 

Title:

Managing Director

 

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Agreed and accepted this 24th day of

 

June, 2016.

 

 

 

IRON MOUNTAIN INFORMATION MANAGEMENT, LLC

 

 

 

By:

/s/ John P. Lawrence

 

 

Name:

John P. Lawrence

 

 

Title:

Senior Vice President and Treasurer

 

 

 

 

 

Acknowledged this 24th day of

 

June, 2016.

 

 

 

JPMORGAN CHASE BANK, N.A.

 

as Administrative Agent

 

 

 

By:

/s/ Gene Riego de Dios

 

 

Name:

Gene Riego de Dios

 

 

Title:

Vice President

 

 

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SCHEDULE I

 

Lender

 

US$ Commitment
Increase

 

Total US$
Commitment

 

Multi-Currency
Commitment
Increase

 

Total Multi-
Currency
Commitment

 

Total Revolving
Commitment

 

JPMORGAN CHASE BANK, N.A.

 

$

5,000,000.00

 

$

14,790,357.00

 

$

15,000,000.00

 

$

89,144,954.00

 

$

127,142,858.00

 

BANK OF AMERICA, N.A.

 

5,000,000.00

 

17,473,795.00

 

15,000,000.00

 

95,518,119.00

 

127,142,858.00

 

BARCLAYS BANK PLC

 

5,000,000.00

 

17,473,795.00

 

15,000,000.00

 

95,518,119.00

 

127,142,858.00

 

CITIZENS BANK, N.A.

 

5,000,000.00

 

17,473,795.00

 

15,000,000.00

 

95,518,119.00

 

127,142,858.00

 

CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK

 

5,000,000.00

 

17,473,795.00

 

15,000,000.00

 

95,518,119.00

 

127,142,858.00

 

WELLS FARGO BANK, N.A.

 

5,000,000.00

 

17,473,795.00

 

15,000,000.00

 

95,518,119.00

 

127,142,858.00

 

GOLDMAN SACHS BANK USA

 

20,000,000.00

 

127,142,857.00

 

0.00

 

0.00

 

127,142,858.00

 

MORGAN STANLEY SENIOR FUNDING, INC.

 

20,000,000.00

 

127,142,857.00

 

0.00

 

0.00

 

127,142,858.00

 

ROYAL BANK OF CANADA

 

3,000,000.00

 

12,979,035.00

 

9,000,000.00

 

73,414,496.00

 

97,714,286.00

 

PNC BANK, NATIONAL ASSOCIATION

 

3,000,000.00

 

10,983,228.00

 

9,000,000.00

 

60,531,597.00

 

80,571,428.00

 

SUNTRUST BANK

 

3,000,000.00

 

10,983,228.00

 

9,000,000.00

 

60,531,597.00

 

80,571,428.00

 

TD BANK, N.A.

 

3,000,000.00

 

10,983,228.00

 

9,000,000.00

 

60,531,597.00

 

80,571,428.00

 

 

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THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

 

3,000,000.00

 

13,666,666.00

 

9,000,000.00

 

66,904,762.00

 

80,571,428.00

 

HSBC BANK USA, N.A.

 

3,666,800.00

 

19,892,549.00

 

11,000,400.00

 

49,536,555.00

 

69,429,104.00

 

HSBC BANK PLC

 

1,333,200.00

 

9,446,074.00

 

3,999,600.00

 

23,267,677.00

 

32,713,751.00

 

KBC BANK N.V., NEW YORK BRANCH

 

10,000,000.00

 

22,857,143.00

 

0.00

 

0.00

 

22,857,143.00

 

 

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