---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-019547"
form_type: "8-K"
ticker: "OTIS"
cik: "0001781335"
company_name: "Otis Worldwide Corp"
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:56:57.429895+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Otis issues $700M 4.488% notes due 2029 to refinance near-term debt

## Summary
- Issued $700M aggregate principal of 4.488% Notes due May 7, 2029.
- Net proceeds of ~$695.2M from underwriting discount and expenses.
- Proceeds to fund repayment of €600M 0.318% Notes due Dec 15, 2026.
- Remainder to repay commercial paper and for general corporate purposes.
- Interest payable May 7 and Nov 7 starting Nov 7, 2026; make-whole call before Apr 7, 2029.

## SEC filing metadata
- accession: 0001140361-26-019547
- form_type: 8-K
- ticker: OTIS
- cik: 0001781335
- company_name: Otis Worldwide Corp
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1781335/000114036126019547/0001140361-26-019547-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1781335/000114036126019547/ef20072421_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-019547
- JSON: https://secwatch.observer/filing/0001140361-26-019547.json
- Plain text: https://secwatch.observer/filing/0001140361-26-019547.txt

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