Otis prices $600M 5.125% notes due 2031 and €850M 2.875% notes due 2027 for 2025 debt refinancing

Otis Worldwide Corp

Dollar offering: $600M aggregate 5.125% Notes due 2031; net proceeds ~$594.5M.
Euro offering: €850M 2.875% Notes due 2027 via subsidiary Highland; net ~€842M.
Proceeds, with cash on hand, will repay $1.3B 2.056% notes maturing April 2025.
Both offerings expected to close on November 19, 2024.
Notes and parent guarantee are unsecured, unsubordinated obligations.

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