Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.99
Otis Worldwide Corp incurred revolving credit of $1,500 million with JPMorgan Chase Bank, N.A. at Term SOFR plus 0.10% credit spread adjustment plus applicable margin of 1.25% (o maturing March 10, 2028.
- Instrument
- revolving credit
- Principal
- $1,500 million
- Counterparty
- JPMorgan Chase Bank, N.A.
- Rate
- Term SOFR plus 0.10% credit spread adjustment plus applicable margin of 1.25% (o
- Maturity
- March 10, 2028
- Event
- incurrence
Exact text from the filing
On March 10, 2023, Otis Worldwide Corporation (“ Otis ”), entered into a new credit agreement (the “ Credit Agreement ”) governing its unsecured $1,500 million revolving credit facility, which matures on March 10, 2028.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Otis Worldwide Corp entered into Credit Agreement with JPMorgan Chase Bank, N.A. valued at unsecured $1,500 million revolving credit facility, matures on March 10, 2028 (effective 2023-03-10).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A.
- Value
- unsecured $1,500 million revolving credit facility, matures on March 10, 2028
- Effective
- 2023-03-10
Exact text from the filing
On March 10, 2023, Otis Worldwide Corporation (“ Otis ”), entered into a new credit agreement (the “ Credit Agreement ”) governing its unsecured $1,500 million revolving credit facility, which matures on March 10, 2028.
View on SEC.gov