The company said it issued $600 million of 5.125% Notes due 2031 on November 19, 2024 and estimated net proceeds after the underwriting discount and offering expenses at about $594.5 million.

1. 01

   The company said it issued $600 million of 5.125% Notes due 2031 on November 19, 2024 and estimated net proceeds after the underwriting discount and offering expenses at about $594.5 million.

2. 02

   Otis Worldwide said its indirectly wholly owned consolidated subsidiary, Highland Holdings S.à r.l., issued €850 million of 2.875% Notes due 2027 on November 19, 2024, and that the company fully and unconditionally guarantees them on an unsecured, unsubordinated basis.

3. 03

   The company said it plans to use the net proceeds from the Highland Notes and the Otis Notes to repay 2.056% notes due April 5, 2025, which have $1.3 billion of principal outstanding, and to use the remainder to repay certain commercial paper borrowings and for general corporate purposes.

4. 04

   The company said the 5.125% Otis Notes mature on November 19, 2031, with interest payable each year on May 19 and November 19, and the 2.875% Highland Notes mature on November 19, 2027, with interest payable each year on November 19.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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