Otis enters new $1.5B revolving credit facility maturing 2030, replaces 2028 facility

Otis Worldwide Corp

New unsecured $1,500M revolving credit agreement matures August 8, 2030.
Replaces prior $1.5B facility that was set to expire March 10, 2028; no penalties incurred.
Borrowings bear interest at SOFR plus 1.125% (or base rate plus 0.125%), subject to credit rating adjustments.
Facility includes $500M accordion feature to increase commitments under same terms.
Contains customary covenants including maximum consolidated leverage ratio.

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