---
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"
generated_at: "2026-05-17T16:43:10.970405+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-029921
- JSON: https://secwatch.observer/filing/0001140361-25-029921.json
- Plain text: https://secwatch.observer/filing/0001140361-25-029921.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $1,500 million
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Rate: 1.125% for term SOFR rate, EURIBO rate and daily simple ESTR rate borrowings, an
  - Maturity: August 8, 2030
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1781335/000114036125029921/0001140361-25-029921-index.htm

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