Otis Worldwide Corporation Issues $700 Million in 4.488% Notes Due 2029

Details

The notes were registered under the Securities Act of 1933 and issued under an Indenture dated February 27, 2020, as supplemented by a Supplemental Indenture dated May 7, 2026. The Company intends to use the net proceeds from this offering to fund the repayment at maturity of its 0.318% Notes due December 15, 2026, and for other general corporate purposes. The notes will bear interest at the rate of 4.488% per annum and mature on May 7, 2029. Interest on the notes will be payable on May 7 and November 7 of each year, beginning on November 7, 2026.

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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.