Otis Worldwide issues $500 million in unsecured notes
OTIS•Otis Worldwide issued $500 million of unsecured, unsubordinated notes at a 5.83% annual interest rate, maturing November 5, 2036. Estimated net proceeds of $495.3 million will help repay $500 million of 2.29% notes due April 5, 2027.
1. Note issuance
Otis Worldwide issued $500 million of unsecured, unsubordinated notes on November 5, 2026. The notes carry a 5.83% annual interest rate and mature on November 5, 2036.
2. Use of proceeds
Estimated net proceeds of $495.3 million will help repay $500 million of 2.29% notes maturing April 5, 2027.
