Otis Worldwide Corporation Announces Pricing of $600M Dollar Notes and €850M Euro Notes

Details

On November 13, 2024, its subsidiary Highland Holdings S.à r.l. priced €850 million aggregate principal amount of 2.875% Notes due 2027, fully guaranteed by Otis. Both offerings are expected to close on November 19, 2024, with proceeds used to fund debt repayment and other corporate purposes.

Items reported

Exhibits (2)

About Otis Worldwide Corp.

Otis Worldwide Corp. is a leading manufacturer and service provider in the vertical transportation industry, specializing in elevators, escalators, and moving walkways. Founded in 1853, the company has played a pivotal role in enhancing urban mobility across residential, commercial, and industrial buildings globally. Otis stands out for its advanced engineering solutions and commitment to safety and sustainability, delivering reliable and efficient transportation systems that cater to the modern needs of skyscrapers and high-capacity structures. With a focus on innovation, Otis continues to develop smart and connected products that improve building efficiency and user experience, such as the Otis ONE IoT platform for predictive maintenance. Operating in over 200 countries, Otis is a critical player in the infrastructure sector, contributing to the functionality and modernization of urban environments. As a result, it holds significant importance within the engineering and construction industries, influencing trends and standards in building design and operational excellence.