Form 8-K · Current report
Otis Worldwide 8-K, filed Nov 5, 2026
- Filed
- CIK
- 0001781335
- Accession no.
- 0001140361-26-042122
Summary
Otis Worldwide Corporation issued $500 million aggregate principal amount of 5.825% notes due November 5, 2036, registered under a shelf registration statement, with net proceeds estimated at approximately $495.3 million. Otis intends to use the proceeds plus cash on hand to fund repayment at maturity of its $500 million of 2.293% notes due April 5, 2027.
Key points
- The notes were sold through underwriters represented by Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and HSBC Securities (USA) Inc. under an underwriting agreement dated November 2, 2026.
- Interest on the notes is payable each May 5 and November 5, beginning May 5, 2027; the notes are redeemable before August 5, 2036 at a make-whole premium and at par on or after that date.
- The notes are unsecured, unsubordinated obligations issued under a base indenture with The Bank of New York Mellon Trust Company, N.A. as trustee, as supplemented by Supplemental Indenture No. 7 dated November 5, 2026.
- Holders may require Otis to repurchase the notes at 101% of principal plus accrued interest upon a Change of Control Triggering Event.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 8.01Other Events
- 9.01Financial Statements and Exhibits
From the filing
Item 8.01. Other Events. On November 5, 2026, Otis Worldwide Corporation (the “Company”) issued $500,000,000 aggregate principal amount of its 5.825% Notes due 2036 (the “Otis Notes”). The Otis Notes were registered under the Securities Act of 1933, as amended (the “Act”), pursuant to the Company’s Registration Statement on Form S-3ASR (File No. 333-293482) (the “Registration Statement”) filed on February 13, 2026. On November 4, 2026, the Company filed with the U.S. Securities and Exchange Commission (the “SEC”) a Prospectus Supplement, dated November 2, 2026 (the “Otis Prospectus Supplement”), containing the final terms of the Otis Notes pursuant to Rule 424(b)(2) of the Act. …
An excerpt of the text as filed with the SEC, cut for length.
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