Deals 02/19/2020

Loop Capital Markets serves as co-manager on $5.30 billion senior unsecured bond offering for Otis Worldwide Corporation

On February 19, 2020, Loop Capital Markets served as a co-manager on a six-tranche, $5.30 billion, senior unsecured bond offering for Otis Worldwide Corporation. The notes are rated Baa2/BBB across  3-, 7-, 10-, 20- and 30-year tenors.

Otis Worldwide Corporation intends to use the net proceeds of the offering for the repayment of outstanding indebtedness.