{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-029921","form_type":"8-K","ticker":"OTIS","cik":"0001781335","company_name":"Otis Worldwide Corp","filed_at":"2025-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.969071+00:00","generated_at":"2026-05-17T16:43:10.970405+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Otis enters new $1.5B revolving credit facility maturing 2030, replaces 2028 facility","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-029921","json":"https://secwatch.observer/filing/0001140361-25-029921.json","markdown":"https://secwatch.observer/filing/0001140361-25-029921.md","text":"https://secwatch.observer/filing/0001140361-25-029921.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1781335/000114036125029921/0001140361-25-029921-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1781335/000114036125029921/ef20053618_form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T16:43:10.970405+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0a71b7a723366494c303e77c445e79eb24264164","claim":"Otis Worldwide Corp amended revolving credit of $1,500 million with JPMorgan Chase Bank, N.A. at 1.125% for term SOFR rate, EURIBO rate and daily simple ESTR rate borrowings, an maturing August 8, 2030.","evidence_excerpt":"On August 8, 2025, Otis Worldwide Corporation (“ Otis ”), entered into a new credit agreement (the “ Credit Agreement ”) governing its unsecured $1,500 million revolving credit facility, which matures on August 8, 2030.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1781335/000114036125029921/0001140361-25-029921-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$1,500 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"1.125% for term SOFR rate, EURIBO rate and daily simple ESTR rate borrowings, an"},{"label":"Maturity","value":"August 8, 2030"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}