secwatch.observer — SEC 8-K summary
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Issuer:     Otis Worldwide Corp (OTIS)
CIK:        0001781335
Form:       8-K
Filed at:   2025-09-04T23:59:59+00:00
Accession:  0001140361-25-033998
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781335/000114036125033998/0001140361-25-033998-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781335/000114036125033998/ny20054558x4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-033998

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