Otis Completes Senior Notes Offerings

Fried Frank acted as counsel to HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and SMBC Nikko Securities America, Inc., as lead underwriters, in Otis Worldwide Corporation's offering of $600,000,000 aggregate principal amount of 5.125% notes due 2031. In addition, Fried Frank acted as counsel to HSBC Continental Europe, J.P. Morgan Securities plc, Morgan Stanley & Co. International plc and SMBC Bank International plc, as lead underwriters, in the offering by an indirect wholly-owned subsidiary of Otis Worldwide Corporation of €850,000,000 aggregate principal amount of 2.875% notes due 2027. Otis is the world's leading elevator and escalator manufacturing, installation and service company.

The Fried Frank team was led by corporate partners Daniel J. Bursky and Mark Hayek and included corporate partners Lee Barnum and Michael T. Gershberg, litigation partner Joshua D. Roth, tax partner Joseph E. Fox, corporate special counsel Danica E. Curavic, environmental special counsel Donna Mussio; corporate associates Christine Macdonald and Jason Taylor and litigation associate Jason D'Andrea.