secwatch.observer — SEC 8-K summary
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Issuer:     Otis Worldwide Corp (OTIS)
CIK:        0001781335
Form:       8-K
Filed at:   2021-11-05T23:59:59+00:00
Accession:  0001140361-21-036872
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781335/000114036121036872/0001140361-21-036872-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781335/000114036121036872/brhc10030455_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-036872

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