Otis in its registered public offering of $700 million aggregate principal amount of 4.488% Notes due 2029

On May 4, 2026, Otis Worldwide Corp (NYSE: OTIS) announced the pricing of $700 million aggregate principal amount of 4.488% Notes due 2029.  Otis intends to use the net proceeds from this registered offering to fund the repayment at maturity of its 0.318% Notes due December 15, 2026, of which €600 million (approximately $695 million) principal amount was outstanding as of March 31, 2026.  Otis intends to use any remaining net proceeds to fund the repayment of commercial paper borrowings and for other general corporate purposes.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Otis.