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

 











 

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]

 











 

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
    


 











 

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
    


 











 

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
    


 











 

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
    


 











 

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
    


 











 

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
    


 











 

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
    


 











 

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
    


 












 

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
    


 











 

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
    


 











 

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
    


 











 

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
    


 











 

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
    


 











 

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
    


 











 

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
    


 











 

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
    


 











 

	
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
    	
 
    


 













 

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
    	
 
    
																	


 













 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
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