Otis Worldwide Corporation
OTIS Industrials Specialty Industrial Machinery
Otis Worldwide Corporation’s revenue for fiscal 2025 (year ended December 2025) was $14.4 billion, up 1.19% from fiscal 2024.
- Revenue
- +6.07%
- EPS
- +16.5%
- Free cash flow
- −11.5%
- Total debt
- +2.36%
Quarter to September 2026, against a year earlier
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Otis Worldwide Corporation 8-K filed Nov 5, 2026
8.01 Other events; 9.01 Financial statements and exhibits
What it says
On November 5, 2026, Otis Worldwide Corporation issued $500,000,000 aggregate principal amount of 5.825% Notes due November 5, 2036. Estimated net proceeds are approximately $495.3 million. Otis intends to use them, together with cash on hand, to repay its 2.293% Notes due April 5, 2027, of which $500 million principal amount was outstanding as of September 30, 2026.
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Interest is payable on May 5 and November 5 each year, beginning May 5, 2027.
Interest on the Otis Notes will be payable on May 5 and November 5 of each year, beginning on May 5, 2027.
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Otis may redeem the notes before August 5, 2036 at principal plus a make-whole premium and accrued interest. On or after that date, it may redeem them at 100% of principal plus accrued interest.
At any time on or after August 5, 2036, the Company may redeem the Otis Notes, in whole or in part, at a redemption price equal to 100% of the principal amount
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Following a Change of Control Triggering Event, holders can require Otis to purchase their notes at 101% of principal plus accrued interest, unless Otis has given irrevocable redemption notice by the specified deadline.
at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any
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The notes are unsecured and unsubordinated, ranking equally in right of payment with Otis's existing and future unsecured, unsubordinated indebtedness.
The Otis Notes are unsecured, unsubordinated obligations of the Company and rank equally in right of payment with all of the Company’s existing and future unsecured, unsubordinated indebtedness.