---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-21-036872"
form_type: "8-K"
ticker: "OTIS"
cik: "0001781335"
company_name: "Otis Worldwide Corp"
filed_at: "2021-11-05T23:59:59+00:00"
generated_at: "2026-06-28T12:18:19.930173+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Otis subsidiary Highland prices €1.6B notes offering to fund Zardoya tender offer

## Summary
- Highland priced €500M 0.000% Notes due 2023, €600M 0.318% Notes due 2026, €500M 0.934% Notes due 2031.
- Net proceeds estimated at €1.6B ($1.8B) after underwriting discount and expenses.
- Proceeds will be used to purchase Zardoya Otis shares at €6.93 per share under previously announced tender offer.
- Notes are fully and unconditionally guaranteed by Otis Worldwide Corporation.
- Issuance expected to close on November 12, 2021.

## SEC filing metadata
- accession: 0001140361-21-036872
- form_type: 8-K
- ticker: OTIS
- cik: 0001781335
- company_name: Otis Worldwide Corp
- filed_at: 2021-11-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1781335/000114036121036872/0001140361-21-036872-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1781335/000114036121036872/brhc10030455_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-21-036872
- JSON: https://secwatch.observer/filing/0001140361-21-036872.json
- Plain text: https://secwatch.observer/filing/0001140361-21-036872.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.