secwatch.observer — SEC 8-K summary
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Issuer:     Otis Worldwide Corp (OTIS)
CIK:        0001781335
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001140361-26-019547
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781335/000114036126019547/0001140361-26-019547-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781335/000114036126019547/ef20072421_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-019547

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