Otis Worldwide issues $750M 5.250% notes due 2028 to refinance maturing debt

Otis Worldwide Corp

$750M aggregate principal of 5.250% Notes due August 16, 2028 issued.
Net proceeds to repay €500M (≈$546M) 0.000% notes due Nov 2023.
Remainder to repay commercial paper and for general corporate purposes.
Notes are unsecured, unsubordinated; redeemable at make-whole premium before July 16, 2028.

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