---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-21-037676"
form_type: "8-K"
ticker: "OTIS"
cik: "0001781335"
company_name: "Otis Worldwide Corp"
filed_at: "2021-11-12T23:59:59+00:00"
generated_at: "2026-06-28T09:23:52.318037+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Otis subsidiary issues €1.6B in three tranches of senior notes to fund Zardoya tender offer

## Summary
- Highland Holdings issued €500M 0.000% notes due 2023, €600M 0.318% notes due 2026, and €500M 0.934% notes due 2031, guaranteed by Otis.
- Net proceeds of ~€1.6B ($1.8B) will be used to purchase Zardoya shares pursuant to the ongoing tender offer.
- On Nov 12, 2021, Otis terminated the CNMV guarantees and bridge loan commitments in connection with the note offering.
- Tender offer price adjusted to €6.93 per share after Zardoya dividend paid on Oct 11, 2021.

## SEC filing metadata
- accession: 0001140361-21-037676
- form_type: 8-K
- ticker: OTIS
- cik: 0001781335
- company_name: Otis Worldwide Corp
- filed_at: 2021-11-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.0, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1781335/000114036121037676/0001140361-21-037676-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1781335/000114036121037676/ny20001079x6_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-21-037676
- JSON: https://secwatch.observer/filing/0001140361-21-037676.json
- Plain text: https://secwatch.observer/filing/0001140361-21-037676.txt

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