Otis Worldwide Issues $500 Million in New Notes

Otis Worldwide ( (OTIS) ) has issued an update.

On September 4, 2025, Otis Worldwide Corporation issued $500 million in 5.131% Notes due 2035, registered under the Securities Act of 1933. The net proceeds, estimated at $495.2 million, will be used to repay existing debt, including ¥21.5 billion of 0.370% Notes due March 18, 2026, and for general corporate purposes. This strategic financial move aims to strengthen Otis Worldwide’s financial position by managing its debt obligations and supporting its operational flexibility.

The most recent analyst rating on (OTIS) stock is a Hold with a $97.00 price target. To see the full list of analyst forecasts on Otis Worldwide stock, see the OTIS Stock Forecast page.

Spark’s Take on OTIS Stock

According to Spark, TipRanks’ AI Analyst, OTIS is a Neutral.

Otis Worldwide’s overall stock score reflects strong financial performance in terms of profitability and cash flow, bolstered by positive earnings call insights. However, technical indicators suggest a bearish trend, and valuation metrics indicate potential overvaluation. Challenges in the China market and high leverage are notable risks.

To see Spark’s full report on OTIS stock, click here.

More about Otis Worldwide

Average Trading Volume: 3,107,616

Technical Sentiment Signal: Hold

Current Market Cap: $33.66B

See more data about OTIS stock on TipRanks’ Stock Analysis page.