Otis issues $500M of 5.131% Notes due 2035 to refinance 2026 Yen Notes and CP

Otis Worldwide Corp

Issued $500M aggregate principal of 5.131% Notes due September 4, 2035.
Net proceeds of ~$495.2M; $147M to repay ¥21.5B 0.370% Yen Notes due March 2026.
Remainder to repay commercial paper borrowings and for general corporate purposes.
Interest payable semi-annually on March 4 and September 4 starting March 4, 2026.
Notes redeemable at make-whole premium before June 4, 2035; at par thereafter.

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