---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-047294"
form_type: "8-K"
ticker: "OTIS"
cik: "0001781335"
company_name: "Otis Worldwide Corp"
filed_at: "2024-11-19T23:59:59+00:00"
generated_at: "2026-05-29T22:35:28.239898+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Otis issues $600M 5.125% notes due 2031; sub issues €850M 2.875% notes due 2027

## Summary
- Otis issued $600M of 5.125% Notes due 2031; net proceeds ~$594.5M.
- Highland Holdings (Otis sub) issued €850M of 2.875% Notes due 2027; net ~€842M (~$902M).
- Proceeds to fund repayment of $1.3B 2.056% notes due April 2025 and general corporate purposes.
- Otis fully guarantees Highland Notes on unsecured unsubordinated basis.
- Both issuances closed Nov 19, 2024; interest payable semi-annually starting May/Nov 2025.

## SEC filing metadata
- accession: 0001140361-24-047294
- form_type: 8-K
- ticker: OTIS
- cik: 0001781335
- company_name: Otis Worldwide Corp
- filed_at: 2024-11-19T23:59:59+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/1781335/000114036124047294/0001140361-24-047294-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1781335/000114036124047294/ny20038264x8_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-047294
- JSON: https://secwatch.observer/filing/0001140361-24-047294.json
- Plain text: https://secwatch.observer/filing/0001140361-24-047294.txt

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