Otis Worldwide Corp.
Otis Worldwide Issues $500 Million in 5.131% Notes Due 2035
Summary
On September 4, 2025, Otis Worldwide Corporation issued $500 million aggregate principal amount of its 5.131% Notes due 2035. The notes were registered under the Securities Act of 1933 and filed with the SEC via a Prospectus Supplement. The proceeds will be used to repay existing debt and for general corporate purposes. The notes bear interest at 5.131% per annum and mature on September 4, 2035. The issuance is governed by an Indenture between Otis and The Bank of New York Mellon Trust Company, N.A., as trustee.
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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.
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