Otis Worldwide Corporation (OTIS) — Form 8-K: Current report

Otis Worldwide Corporation issued $500,000,000 aggregate principal amount of its 5.825% Notes due 2036. The estimated net proceeds are approximately $495.3 million after underwriting discounts and offering expenses. The company intends to use the net proceeds, along with cash on hand, to repay its 2.293% Notes due April 5, 2027 at maturity.