---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-040089"
form_type: "8-K"
ticker: "OTIS"
cik: "0001781335"
company_name: "Otis Worldwide Corp"
filed_at: "2023-08-16T23:59:59+00:00"
generated_at: "2026-06-11T08:41:05.181377+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001140361-23-040089
- form_type: 8-K
- ticker: OTIS
- cik: 0001781335
- company_name: Otis Worldwide Corp
- filed_at: 2023-08-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1781335/000114036123040089/0001140361-23-040089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1781335/000114036123040089/ny20009893x4_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-040089
- JSON: https://secwatch.observer/filing/0001140361-23-040089.json
- Plain text: https://secwatch.observer/filing/0001140361-23-040089.txt

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