# EDGAR Filing Document

**Accession Number:** 0001890663
**File Stem:** 0001140361-26-005482
**Filing Date:** 2026-2
**Character Count:** 142656
**Document Hash:** 9575cd8c6b2a81d2101b1375f8c6ee96
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-26-005482.hdr.sgml**: 20260213

**ACCESSION NUMBER**: 0001140361-26-005482

**CONFORMED SUBMISSION TYPE**: S-3ASR

**PUBLIC DOCUMENT COUNT**: 20

**FILED AS OF DATE**: 20260213

**DATE AS OF CHANGE**: 20260213

**EFFECTIVENESS DATE**: 20260213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Otis Worldwide Corp
- **CENTRAL INDEX KEY:** 0001781335
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 833789412
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-3ASR
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-293482
- **FILM NUMBER:** 26634207

**BUSINESS ADDRESS:**
- **STREET 1:** ONE CARRIER PLACE
- **CITY:** FARMINGTON
- **STATE:** CT
- **ZIP:** 06032
- **BUSINESS PHONE:** 8606743000

**MAIL ADDRESS:**
- **STREET 1:** ONE CARRIER PLACE
- **CITY:** FARMINGTON
- **STATE:** CT
- **ZIP:** 06032
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Highland Holdings S.a r.l.
- **CENTRAL INDEX KEY:** 0001890663

**ORGANIZATION NAME:**
- **EIN:** 981507045
- **STATE OF INCORPORATION:** N4
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** S-3ASR
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-293482-01
- **FILM NUMBER:** 26634208

**BUSINESS ADDRESS:**
- **STREET 1:** 6, RUE JEAN MONNET
- **CITY:** LUXEMBOURG
- **STATE:** N4
- **ZIP:** L-2180
- **BUSINESS PHONE:** 352-427-171-3154

**MAIL ADDRESS:**
- **STREET 1:** 6, RUE JEAN MONNET
- **CITY:** LUXEMBOURG
- **STATE:** N4
- **ZIP:** L-2180

#### **TABLE OF CONTENTS**

#### As filed with the Securities and Exchange Commission on February 13, 2026

#### Registration No. 333-

#### UNITED STATES <br>

#### SECURITIES AND EXCHANGE COMMISSION <br>

#### Washington, D.C. 20549

### FORM S-3 <br>

#### REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

### Otis Worldwide Corporation<br>

#### (Exact name of Registrant as specified in its charter)

---

| | |
|:---|:---|
| **Delaware**<br>**(State or Other Jurisdiction of Incorporation or Organization)** | **83-3789412**<br>**(I.R.S. Employer Identification No.)** |

---

#### One Carrier Place <br>

#### Farmington, Connecticut 06032 <br>
(860) 674-3000 <br>

#### (Address, including zip code, and telephone number, including area code, of Registrant's principal executive offices)

### Highland Holdings S.à r.l. <br>

#### (Exact name of Registrant as specified in its charter)

---

| | |
|:---|:---|
| **Grand Duchy of Luxembourg**<br>**(State or Other Jurisdiction of Incorporation or Organization)** | **98-1507045**<br>**(I.R.S. Employer Identification No.)** |

---

#### 6, rue Jean Monnet <br>

#### L-2180 Luxembourg <br>

#### R.C.S. Luxembourg: B 237108 <br>

#### +352-427-171-1 <br>

#### (Address, including zip code, and telephone number, including area code, of Registrant's principal executive offices)

#### Nora LaFreniere <br>

#### Executive Vice President & General Counsel <br>

#### Otis Worldwide Corporation <br>

#### One Carrier Place <br>

#### Farmington, Connecticut 06032 <br>
(860) 674-3000 <br>

#### (Name, address, including zip code, and telephone number, including area code, of agent for service)

#### With copies to:<br>

#### Joshua R. Cammaker, Esq. <br>

#### Victor Goldfeld, Esq. <br>

#### Kathryn Gettles-Atwa, Esq. <br>

#### Wachtell, Lipton, Rosen & Katz <br>

#### 51 West 52nd Street <br>

#### New York, NY 10019 <br>
(212) 403-1000 (Telephone) <br>

(212) 403-2000 (Facsimile)<br>

#### Approximate date of commencement of proposed sale to the public:
From time to time after the effective date of this Registration Statement.

If the only securities being registered on this Form are to be offered pursuant to dividend or interest reinvestment plans, please check the following box. ☐

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 (the "Securities Act"), other than securities offered only in connection with dividend or interest reinvestment plans, check the following box. ☒

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. ☒

If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. ☐

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the U.S. Securities Exchange Act of 1934.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer  | ☒  | Accelerated filer  | ☐  |
| Non-accelerated filer  | ☐  | Smaller reporting company  | ☐  |
|  |  | Emerging growth company  | ☐ |

---

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

------

#### **TABLE OF CONTENTS**

#### PROSPECTUS
![](logo_otis-color.jpg)<br>

### OTIS WORLDWIDE CORPORATION

#### Common Stock <br>

#### Debt Securities <br>

#### Preferred Stock <br>

#### Units <br>

#### Warrants

### HIGHLAND HOLDINGS S.À R.L.

#### Debt Securities <br>

#### fully and unconditionally guaranteed by Otis Worldwide Corporation
Unless the context requires otherwise, in this prospectus we use the terms "the Company," "Otis," "we," "us" and "our" to refers to Otis Worldwide Corporation, a Delaware corporation, and not its subsidiaries.

Otis may offer and sell, from time to time, its common stock, debt securities, preferred stock, unit or warrants or such securities may be offered and sold, from time to time, by one or more selling securityholders to be identified in the future.

Highland Holdings S.à r.l. ("Highland"), an indirect wholly-owned consolidated subsidiary of Otis, may offer and sell, from time to time, its debt securities, which will be fully and unconditionally guaranteed by Otis.

The applicable issuer will provide the specific terms of these securities in supplements to this prospectus. You should read this prospectus and the applicable prospectus supplement, as well as the documents incorporated and deemed to be incorporated by reference in this prospectus and the applicable prospectus supplement, carefully before you invest in the securities described in the applicable prospectus supplement.

Otis' common stock is listed on the New York Stock Exchange under the symbol "OTIS."

This prospectus may not be used to sell securities unless accompanied by the applicable prospectus supplement.

**Investing in the securities of Otis and Highland involves risks. You should carefully consider the risk factors referred to on page [7](#tRF) of this prospectus, in any applicable prospectus supplement and in the documents incorporated by reference or deemed incorporated by reference in this prospectus and any applicable prospectus supplement before you invest in Otis' or Highland's securities.** 

None of the U.S. Securities and Exchange Commission (the "SEC"), the Luxembourg Financial Sector Supervisory Authority (the *Commission de Surveillance du Secteur Financier*) or any state securities commission has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense.

This prospectus does not constitute a prospectus within the meaning of the EU Prospectus Regulation or the Luxembourg law dated July 16, 2019 on prospectuses for securities (*Loi relative aux prospectus pour valeurs mobilières*). No offer of securities of Highland to the public is made, or will be made, that requires the publication of a prospectus pursuant to the EU Prospectus Regulation. This document has not been reviewed or approved by any competent authority for the purposes of the EU Prospectus Regulation. For these purposes, the EU Prospectus Regulation means Regulation 2017/1129/EU of the European Parliament and of the Council of June 14, 2017, as amended.

For the avoidance of doubt, articles 470-1 to 470-19 of the Luxembourg law of August 10, 1915, on commercial companies, as amended will not apply in respect of the debt securities issued by Highland.

#### Prospectus dated February 13, 2026.

------

#### **TABLE OF CONTENTS**

---

| | |
|:---|:---|
|  | **Page**  |
| [ABOUT OTIS WORLDWIDE CORPORATION](#tAWC) | &nbsp;&nbsp; [1](#tAWC) |
| [ABOUT HIGHLAND HOLDINGS S.À R.L.](#tAHH) | &nbsp;&nbsp; [1](#tAHH) |
| [ABOUT THIS PROSPECTUS](#tATP) | &nbsp;&nbsp; [1](#tATP) |
| [WHERE YOU CAN FIND MORE INFORMATION](#tWYC) | &nbsp;&nbsp; [3](#tWYC) |
| [CAUTIONARY NOTE CONCERNING FACTORS THAT MAY AFFECT FUTURE RESULTS](#tCNC) | &nbsp;&nbsp; [4](#tCNC) |
| &nbsp;&nbsp; [SUMMARIZED FINANCIAL INFORMATION](#tSFI) | &nbsp;&nbsp; [6](#tSFI) |
| [RISK FACTORS](#tRF) | &nbsp;&nbsp; [7](#tRF) |
| [USE OF PROCEEDS](#tUOP) | &nbsp;&nbsp; [8](#tUOP) |
| [PLAN OF DISTRIBUTION](#tPOD) | &nbsp;&nbsp; [9](#tPOD) |
|  [DESCRIPTION OF COMMON STOCK, DEBT SECURITIES, PREFERRED STOCK, UNITS AND WARRANTS OF OTIS WORLDWIDE CORPORATION](#tDCS) | [11](#tDCS) |
| [DESCRIPTION OF DEBT SECURITIES OF HIGHLAND HOLDINGS S.À R.L.](#tDDS) | [11](#tDDS) |
| [DESCRIPTION OF GUARANTEES OF OTIS WORLDWIDE CORPORATION](#tDGW) | [11](#tDGW) |
| [ENFORCEMENT OF CIVIL LIABILITIES](#tECL) | [12](#tECL) |
| [LEGAL MATTERS](#tLM) | [13](#tLM) |
| [EXPERTS](#tEX) | [13](#tEX) |

---

i<br>

------

#### ABOUT OTIS WORLDWIDE CORPORATION
Otis Worldwide Corporation is the world's leading elevator and escalator manufacturing, installation, service and modernization company. Our operations are organized into two segments: New Equipment and Service. The New Equipment segment designs, manufactures, sells and installs a wide range of passenger and freight elevators, as well as escalators and moving walkways, for residential and commercial buildings and infrastructure projects. The Service segment provides maintenance and repair services for both our own products and those of other manufacturers and provide modernization services to upgrade elevators and escalators.

Otis (New York Stock Exchange: OTIS) is a Delaware corporation and was incorporated on March 1, 2019 in connection with the separation and distribution ("Separation") of each of Otis and Carrier Global Corporation ("Carrier") from United Technologies Corporation, subsequently renamed Raytheon Technologies Corporation ("UTC" or "RTX", as applicable) into separate independent publicly-traded companies. On April 3, 2020, Otis became an independent publicly-traded company through a pro-rata distribution of 0.5 shares of Common Stock for every share of UTC common stock held at the close of business on the record date of March 19, 2020 (the "Distribution").

Otis' principal executive offices are located at One Carrier Place, Farmington, Connecticut 06032, and its telephone number at that location is (860) 674-3000.

#### ABOUT HIGHLAND HOLDINGS S.À R.L.
Highland Holdings S.à r.l. ("Highland") is a private limited liability company (*société à responsabilité limitée*) incorporated on August 16, 2019 under the laws of the Grand Duchy of Luxembourg and registered with the Luxembourg Trade and Companies Register under number B237108. Highland's registered office is at 6, rue Jean Monnet, L-2180 Luxembourg, and its telephone number is +352-427-171-1.

All of the outstanding shares of Highland are owned indirectly by Otis.

Highland's principal purposes, as specified in its governing documents, may be summarized as follows: the direct and indirect acquisition, holding, development and management of certain of Otis' Luxembourg and/or foreign entities. This includes the provision of financial assistance to the entities in which Highland holds interests, such as making loans and guaranteeing debt or other securities; using its funds to invest in real estate, intellectual property rights or other assets; borrowing funds and issuing bonds or notes; and carrying out other commercial, industrial or financial activities it deems useful in or appropriate to its purposes. Highland also may hold any position as, and exercise the functions of, general partner, manager or director in any company with a registered office in the Grand Duchy of Luxembourg that belongs to the same group of companies as Highland.

Highland has subsidiaries in multiple jurisdictions. For more information, see below under "Summarized Financial Information."

#### ABOUT THIS PROSPECTUS
This prospectus is a part of a registration statement that we filed on Form S-3 with the SEC under a "shelf" registration process. Under this shelf registration process, Otis and/or certain selling securityholders may, from time to time, offer and sell, either separately or together, common stock, debt securities, preferred stock units and/or warrants in one or more offerings, and Highland may, from time to time, offer and sell debt securities, which will be fully and unconditionally guaranteed by Otis.

Each time Otis, Highland and/or any selling securityholder offers and sells securities, it will provide a prospectus supplement or other type of offering document or supplement (together referred to herein as a "prospectus supplement") that will contain specific information about the terms of that offering. Any applicable prospectus supplement or free writing prospectus may also add, update or change information contained in this prospectus, and accordingly, to the extent inconsistent, information in this prospectus is superseded by the information in such applicable prospectus supplement or free writing prospectus. You should read this prospectus and any applicable prospectus supplement together with the additional information described under the heading "Where You Can Find More Information."

This prospectus and any prospectus supplement may contain summaries of certain provisions contained in documents described in this prospectus or any prospectus supplement. All of the summaries are qualified in their entirety by the actual documents, which you should review before making your investment decision. Copies of the

1<br>

------

#### **TABLE OF CONTENTS**
documents referred to herein have been filed, or will be filed or incorporated by reference as exhibits to the registration statement of which this prospectus is a part, and you may obtain copies of those documents as described below under "Where You Can Find More Information."

**You should rely only on the information contained or incorporated or deemed incorporated by reference in this prospectus, in any applicable prospectus supplement or in any free writing prospectus filed by Otis or Highland with the SEC. Neither Otis nor Highland has authorized anyone to provide any information other than that contained in this prospectus or in any prospectus supplement or free writing prospectus prepared by or on behalf of Otis or Highland or to which Otis or Highland may have referred you. Neither Otis nor Highland takes any responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. Neither Otis nor Highland has authorized any other person to provide you with different or additional information, and is not making an offer to sell securities in any jurisdiction where the offer or sale is not permitted. You should assume that the information appearing in this prospectus is accurate only as of the date hereof or, in the case of information incorporated or deemed incorporated by reference herein, as of the date thereof, regardless of the time of delivery of the prospectus or any sale of securities. Otis' and Highland's business, financial condition, results of operations and prospects may have changed since the date of such information.** 

2<br>

------

#### WHERE YOU CAN FIND MORE INFORMATION
Otis files annual, quarterly, and current reports, proxy statements and other information with the SEC. The SEC maintains an Internet website that contains reports, proxy and information statements and other materials that are filed through the Commission's Electronic Data Gathering, Analysis and Retrieval (EDGAR) System or any successor thereto. This website can currently be accessed at *www.sec.gov.* You can find information Otis has filed with the SEC by reference to file number 001-39221. Such documents, reports and information are also available on Otis' website: *www.otis.com.* Information on Otis' website does not constitute part of, and is not incorporated by reference in, this prospectus or any accompanying prospectus supplement.

This prospectus does not contain or incorporate by reference separate financial statements for Highland because Highland is a subsidiary of Otis that is indirectly wholly-owned by Otis, and Otis files consolidated financial information under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The financial condition, results of operations and cash flows of Highland are consolidated in the financial statements of Otis.

The SEC allows issuers to "incorporate by reference" the information filed with it, which means that Otis and Highland can disclose important information to you by referring you to those documents. The information that Otis and Highland incorporate by reference is an important part of this prospectus, and later information that Otis and Highland file with the SEC will automatically update and supersede this information. We also incorporate by reference the documents listed below and any future filings we make with the SEC under Section 13(a), 13(c), 14 or 15(d) of the Exchange Act, other than any such documents or portions thereof that are furnished under Item 2.02 or Item 7.01 of a Current Report on Form 8-K, unless otherwise indicated therein, including any exhibits included with such Items, until the termination of the offering under this prospectus. The following documents are incorporated herein by reference:

1.<br> Otis' Annual Report on [Form 10-K](https://www.sec.gov/ix?doc=/Archives/edgar/data/1781335/000178133526000011/otis-20251231.htm) for the year ended December 31, 2025;

2.<br> Otis' Current Report on Form 8-K filed on [January 20, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/1781335/000114036126001569/ef20063351_8k.htm) (other than the portions of those documents not deemed to be filed); and

3. The description of Otis' common stock contained in [Exhibit 4.10](https://www.sec.gov/Archives/edgar/data/1781335/000178133526000011/exhibit4102025-12x3110xk.htm) to Otis' Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and any other amendments and reports filed for the purpose of updating such description. 

Otis will provide without charge to each person, including any beneficial owner, to whom this prospectus is delivered, a copy of any document incorporated by reference into this prospectus, other than exhibits to any such document not specifically described above, by oral request or by written request at the following address:

Otis Worldwide Corporation <br>

Investor Relations <br>

One Carrier Place <br>

Farmington, Connecticut 06032 <br>

(860) 674-3000

**You should rely only on the information contained or incorporated by reference in this prospectus and in any supplement hereto. Neither Otis nor Highland is making an offer of the securities in any jurisdiction where the offer is not permitted.** 

3<br>

------

#### **TABLE OF CONTENTS**

#### CAUTIONARY NOTE CONCERNING FACTORS THAT MAY AFFECT FUTURE RESULTS
This prospectus and other materials Otis has filed or will file with the SEC contain or incorporate by reference statements which, to the extent they are not statements of historical or present fact, constitute "forward-looking statements" under the securities laws. From time to time, oral or written forward-looking statements may also be included in other information released to the public. These forward-looking statements are intended to provide management's current expectations or plans for Otis' future operating and financial performance, based on assumptions currently believed to be valid. Forward-looking statements can be identified by the use of words such as "believe," "expect," "expectations," "plans," "strategy," "prospects," "estimate," "project," "target," "anticipate," "will," "should," "see," "guidance," "outlook," "medium-term," "near-term," "confident," "goals" and other words of similar meaning in connection with a discussion of future operating or financial performance. Forward-looking statements may include, among other things, statements relating to future sales, earnings, cash flow, results of operations, uses of cash, dividends, share repurchases, tax rates, R&D spend, restructuring or transformation actions (including UpLift and related reorganization and outsourcing activities and such actions with respect to our business in China), credit ratings, net indebtedness and other measures of financial performance or potential future plans, strategies or transactions, or statements that relate to climate change and our intent to achieve certain sustainability targets or other corporate responsibility initiatives, including operational impacts and costs associated therewith, and other statements that are not historical facts. All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. For those statements, Otis claims the protection of the safe harbor for forward-looking statements contained in the U.S. Private Securities Litigation Reform Act of 1995. Such risks, uncertainties and other factors include, without limitation:

&nbsp;&nbsp;&nbsp;&nbsp;• the effect of economic conditions in the industries and markets in which Otis and its businesses operate and any changes therein,
 including financial market conditions, fluctuations in commodity prices, and other inflationary pressures, interest rates and foreign currency exchange rates, levels of end market demand in construction, pandemic health issues, natural
 disasters, whether as a result of climate change or otherwise, and the financial condition of Otis' customers and suppliers;

&nbsp;&nbsp;&nbsp;&nbsp;• the effect of changes in political conditions in the U.S. and in other countries in which Otis and its businesses operate,
 including tensions between the U.S. and China and geopolitical conflicts, including the ongoing conflict between Russia and Ukraine and instability in the Middle East, on general market conditions, commodity costs, global trade policies
 and related sanctions, export controls and tariffs, and currency exchange rates in the near term and beyond;

&nbsp;&nbsp;&nbsp;&nbsp;• challenges in the development, production, delivery, support, employee adoption, performance and realization of the anticipated
 benefits of advanced technologies and new products and services;

&nbsp;&nbsp;&nbsp;&nbsp;• future levels of indebtedness, capital spending and research and development spending;

&nbsp;&nbsp;&nbsp;&nbsp;• future availability of credit and factors that may affect such availability or costs thereof, including credit market conditions
 and Otis' capital structure;

&nbsp;&nbsp;&nbsp;&nbsp;• the timing and scope of future repurchases of Common Stock, which may be suspended at any time due to various factors, including
 market conditions and the level of other investing activities and uses of cash;

&nbsp;&nbsp;&nbsp;&nbsp;• fluctuations in prices and delays and disruptions in delivery of materials and services from suppliers, whether as a result of
 changes in general economic conditions, geopolitical conflicts or otherwise;

&nbsp;&nbsp;&nbsp;&nbsp;• cost reduction or containment actions, restructuring or transformation costs and related savings and other consequences thereof,
 including with respect to UpLift and our China business and related impacts of reorganization, change management and outsourcing activities, as applicable;

&nbsp;&nbsp;&nbsp;&nbsp;• new business and investment opportunities and the realization of anticipated benefits, including meeting customer expectations and
 maintaining our competitiveness;

&nbsp;&nbsp;&nbsp;&nbsp;• the outcome of legal proceedings, investigations and other contingencies;

&nbsp;&nbsp;&nbsp;&nbsp;• pension plan assumptions and future contributions;

4<br>

------

#### **TABLE OF CONTENTS**
&nbsp;&nbsp;&nbsp;&nbsp;• the impact of the negotiation of collective bargaining agreements and labor disputes, labor actions, including strikes or work
 stoppages, and labor inflation in the markets in which Otis and its businesses operate globally;

&nbsp;&nbsp;&nbsp;&nbsp;• the effect of changes in laws, regulations and enforcement priorities in the U.S. and other countries in which Otis and its
 businesses operate;

&nbsp;&nbsp;&nbsp;&nbsp;• the ability of Otis to retain and hire key personnel;

&nbsp;&nbsp;&nbsp;&nbsp;• the scope, nature, impact or timing of acquisition and divestiture activity, the integration of acquired businesses into existing
 businesses and realization of synergies and opportunities for growth and innovation and incurrence of related costs;

&nbsp;&nbsp;&nbsp;&nbsp;• the determination by the Internal Revenue Service (the "IRS") and other tax authorities that the distribution or certain related
 transactions in connection with the Separation should be treated as taxable transactions; and

&nbsp;&nbsp;&nbsp;&nbsp;• our obligations and disputes that have or may hereafter arise under the agreements we entered into with RTX and Carrier in
 connection with the Separation.

The above list of factors is not exhaustive or necessarily in order of importance. For additional information on identifying factors that may cause actual results to vary materially from those stated in forward-looking statements, see the discussions under "Risk Factors." Any forward-looking statement speaks only as of the date on which it is made, and Otis assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Additional information as to factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements is disclosed from time to time in Otis' other filings with the SEC.

5<br>

------

#### SUMMARIZED FINANCIAL INFORMATION
The debt securities to be issued by Highland will be guaranteed on an unsecured, unsubordinated basis by Otis, the ultimate parent company of Highland (the "parent guarantor"). Otis' guarantee will be full and unconditional, and may be subject to certain conditions for release, which will be described in a prospectus supplement relating to the offering of such guaranteed debt securities. The other subsidiaries of Otis (the "non-guarantor subsidiaries") are not registering guarantees of Highland's debt securities. For a brief description of the general terms of the debt securities that Highland may offer and the guarantees that Otis, the parent guarantor, may offer, see the information under the heading "Description of Debt Securities of Highland Holdings S.à r.l." and "Description of Guarantees of Otis Worldwide Corporation" in this prospectus. A prospectus supplement or other type of offering document or supplement will further contain specific information about the terms of the particular debt securities being offered. Holders of the guaranteed registered debt securities issued by Highland will have a direct claim only against Highland, as issuer, and Otis, as guarantor.

Summarized financial information of each of Otis and Highland on a standalone basis prepared and presented pursuant to the Securities and Exchange Commission Regulation S-X Rule 13-01, "Financial Disclosures about Guarantors and Issuers of Guaranteed Securities," is set forth in our Annual Report on Form 10-K for the year ended December 31, 2025, incorporated by reference in this prospectus, and will be set forth, as required, in Otis' subsequent annual reports on Form 10-K and quarterly reports on Form 10-Q incorporated by reference in this prospectus.

6<br>

------

#### **TABLE OF CONTENTS**

#### RISK FACTORS
You should carefully consider any specific risks set forth under the caption "Risk Factors" in the applicable prospectus supplement, under the caption "Risk Factors" included in the Otis' Annual Report on Form 10-K for the year ended December 31, 2025 and in any of Otis' subsequent annual reports on Form 10-K and quarterly reports on Form 10-Q incorporated by reference in this prospectus, before making an investment decision. For more information, see "Where You Can Find More Information."

7<br>

------

#### **TABLE OF CONTENTS**

#### USE OF PROCEEDS
The net proceeds from the sales of the securities will be set forth in the applicable prospectus supplement. Unless the applicable prospectus supplement specifies otherwise, Otis will not receive any of the proceeds from a sale of securities by any selling securityholder.

8<br>

------

#### **TABLE OF CONTENTS**

#### PLAN OF DISTRIBUTION
Otis, Highland and/or any selling securityholders may sell securities, separately or in combination, in one or more of the following ways:

&nbsp;&nbsp;&nbsp;&nbsp;• to or through underwriting syndicates represented by managing underwriters;

&nbsp;&nbsp;&nbsp;&nbsp;• through one or more underwriters without a syndicate for them to offer and sell to the public;

&nbsp;&nbsp;&nbsp;&nbsp;• through dealers or agents; or

&nbsp;&nbsp;&nbsp;&nbsp;• directly to investors.

The securities Otis, Highland and/or the selling securityholders distribute by any of these methods may be sold to the public, in one or more transactions, either:

&nbsp;&nbsp;&nbsp;&nbsp;• at a fixed price or prices, which may be changed;

&nbsp;&nbsp;&nbsp;&nbsp;• at market prices prevailing at the time of sale;

&nbsp;&nbsp;&nbsp;&nbsp;• at prices related to prevailing market prices; or

&nbsp;&nbsp;&nbsp;&nbsp;• at negotiated prices.

Otis and/or Highland may sell securities from time to time to one or more underwriters, who would purchase the securities as principal for resale to the public, either on a firm-commitment or best-efforts basis. If Otis and/or Highland sells securities to underwriters, it may execute an underwriting agreement with them at the time of sale and will name them in the applicable prospectus supplement. In connection with those sales, underwriters may be deemed to have received compensation from the applicable issuer in the form of underwriting discounts or commissions and may also receive commissions from purchasers of the securities for whom they may act as agents. Underwriters may resell the securities to or through dealers, and those dealers may receive compensation in the form of discounts, concessions or commissions from the underwriters and/or commissions from purchasers for whom they may act as agents. The applicable prospectus supplement will include any required information about underwriting compensation the applicable issuer pays to underwriters, and any discounts, concessions or commissions underwriters allow to participating dealers, in connection with an offering of securities.

Otis and/or Highland may solicit offers to purchase securities directly from the public from time to time. Otis and/or Highland may also designate agents from time to time to solicit offers to purchase securities from the public on their behalf. If required, the applicable prospectus supplement relating to any particular offering of securities will name any agents designated to solicit offers, and will include information about any commissions the applicable issuer may pay the agents, in that offering. Agents may be deemed to be "underwriters" as that term is defined in the Securities Act.

From time to time, Otis and/or Highland may sell securities to one or more dealers acting as principals. The dealers, who may be deemed to be "underwriters" as that term is defined in the Securities Act, may then resell those securities to the public.

Any underwriter or agent involved in the offer and sale of any securities will be named in the applicable prospectus supplement.

Underwriters, agents and dealers may be entitled, under underwriting or other agreements with Otis and/or Highland, to indemnification against certain civil liabilities, including liabilities under the Securities Act. Unless otherwise stated in, or incorporated by reference into, a prospectus supplement, the obligations of the underwriters to purchase any securities will be conditioned on customary closing conditions and the underwriters will be obligated to purchase all of such series of securities, if any are purchased.

Short sales involve the sale by the underwriters of a greater number of securities than they are required to purchase in an offering. Stabilizing transactions consist of certain bids or purchases made for the purpose of preventing or slowing a decline in the market price of the securities while an offering is in progress.

9<br>

------

#### **TABLE OF CONTENTS**
The underwriters may also impose a penalty bid. This occurs when a particular underwriter repays to the other underwriters a portion of the underwriting discount received by it because the underwriters have repurchased securities sold by or for the account of that underwriter in stabilizing or short-covering transactions.

These activities by the underwriters may stabilize, maintain or otherwise affect the market price of the securities. As a result, the price of the securities may be higher than the price that otherwise might exist in the open market. If these activities are commenced, they may be discontinued by the underwriters at any time. These transactions may be effected on an exchange or automated quotation system, if the securities are listed on that exchange or admitted for trading on that automated quotation system, or in the over-the-counter market or otherwise.

Certain of the underwriters, dealers or agents and their affiliates may engage in transactions with and perform services for Otis and/or Highland in the ordinary course of their businesses.

The applicable prospectus supplement will disclose required information with respect to selling securityholders, if any.

10<br>

------

#### DESCRIPTION OF COMMON STOCK, DEBT SECURITIES, PREFERRED STOCK, UNITS AND <br>

#### WARRANTS OF OTIS WORLDWIDE CORPORATION
The description of Otis' common stock, preferred stock, units or warrants, as applicable, will be provided in a prospectus supplement. Otis' Debt Securities will be issued under the Indenture, dated as of February 27, 2020 (as amended or supplemented). Each time Otis offers securities with this prospectus, the terms of that offering, including the specific amounts, prices and terms of the securities offered, and, if applicable, information about the selling securityholders, will be contained in the applicable prospectus supplement and other offering materials relating to such offering or in other filings Otis makes with the SEC under the Exchange Act, which are incorporated by reference herein.

#### DESCRIPTION OF DEBT SECURITIES OF HIGHLAND HOLDINGS S.À R.L.
Highlands' debt securities will be issued under an Indenture, dated as of November 12, 2021 (as amended or supplemented). Each time Highland offers securities with this prospectus, the terms of that offering, including the specific amounts, prices and terms of the securities offered will be contained in the applicable prospectus supplement and other offering materials relating to such offering or in other filings Otis or Highland makes with the SEC under the Exchange Act, which are incorporated by reference herein.

#### DESCRIPTION OF GUARANTEES OF OTIS WORLDWIDE CORPORATION
Otis will fully and unconditionally guarantee, on an unsecured, unsubordinated basis, Highland's payment obligations under Highland's debt securities, subject to customary release provisions, which will be described in a prospectus supplement relating to the offering of such guaranteed debt securities.

11<br>

------

#### **TABLE OF CONTENTS**

#### ENFORCEMENT OF CIVIL LIABILITIES
HIGHLAND IS A PRIVATE LIMITED LIABILITY COMPANY ("*SOCIÉTÉ À RESPONSABILITÉ LIMITÉE"*) INCORPORATED AND ORGANIZED UNDER THE LAWS OF LUXEMBOURG. CERTAIN OF THE MANAGERS ("GERANTS") AND EXECUTIVE OFFICERS OF HIGHLAND ARE OR MAY NOT BE RESIDENTS OF THE UNITED STATES. ALL OR A SUBSTANTIAL PORTION OF THE ASSETS OF SUCH NON-RESIDENT PERSONS AND OF OTIS ARE LOCATED OUTSIDE THE UNITED STATES. AS A RESULT, IT MAY NOT BE POSSIBLE TO EFFECT SERVICE OF PROCESS WITHIN THE UNITED STATES UPON SUCH PERSONS, OR TO ENFORCE AGAINST SUCH PERSONS IN U.S. COURTS JUDGMENTS OBTAINED IN SUCH COURTS PREDICATED UPON THE CIVIL LIABILITY PROVISIONS OF THE FEDERAL SECURITIES LAWS OF THE UNITED STATES. OTIS HAS BEEN ADVISED BY COUNSEL THAT THE ENFORCEABILITY IN LUXEMBOURG AGAINST HIGHLAND AND/OR ITS EXECUTIVE OFFICERS AND MANAGERS WHO ARE NON-RESIDENTS OF THE UNITED STATES, IN ACTIONS FOR ENFORCEMENT OF JUDGMENTS OF U.S. COURTS, OF LIABILITIES PREDICATED SOLELY UPON THE SECURITIES LAWS OF THE UNITED STATES, IS NOT CERTAIN AND IS SUBJECT TO COMPLIANCE WITH PRIVATE INTERNATIONAL LAW, AS INTERPRETED BY THE LUXEMBOURG COURTS.

12<br>

------

#### **TABLE OF CONTENTS**

#### LEGAL MATTERS
Unless otherwise indicated in the applicable prospectus supplement, the validity of any securities to be offered will be passed upon for Otis and/or Highland by Wachtell, Lipton, Rosen & Katz, and particular matters with respect to Luxembourg law will be passed upon by NautaDutilh Avocats Luxembourg S.à r.l. Any underwriters will be represented by their own legal counsel.

#### EXPERTS
The financial statements and management's assessment of the effectiveness of internal control over financial reporting (which is included in Management's Report on Internal Control over Financial Reporting) incorporated in this prospectus by reference to the Annual Report on Form 10-K for the year ended December 31, 2025 have been so incorporated in reliance on the report of PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.

13<br>

------

#### **TABLE OF CONTENTS**

#### PART II <br>

#### INFORMATION NOT REQUIRED IN PROSPECTUS

---

| | |
|:---|:---|
| **Item 14.**<br>| ***Other Expenses of Issuance of Distribution***  |

---

The following table sets forth the various expenses to be incurred in connection with the sale and distribution of the securities being registered hereby, all of which will be borne by Otis Worldwide Corporation ("Otis") and/or Highland Holdings S.à r.l. ("Highland").

---

| |
|:---|
| Filing Fee—Securities and Exchange Commission |
| Accounting fees and expenses<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(2)</sup>  |
| Legal fees and expenses<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(2)</sup>  |
| Trustee and depositary fees and expenses<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(2)</sup>  |
| Printing and engraving expenses<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(2)</sup>  |
| Blue Sky fees and expenses<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(2)</sup>  |
| Rating agency fees<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(2)</sup>  |
| Listing fees and expenses<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(2)</sup>  |
| Miscellaneous expenses<br>&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(2)</sup>  |
| &nbsp;&nbsp; Total expenses<br>&nbsp;&nbsp; $<sup>(2)</sup> |

---

(1) The registrants are registering an indeterminate amount of securities under this Registration Statement and in accordance with Rules 456(b) and 457(r), the registrants are deferring payment of any additional registration fees until the time the securities are sold under this Registration Statement pursuant to a prospectus supplement. 

(2) These fees are calculated based on the number of issuances and amount of securities offered and accordingly cannot be estimated at this time. 

---

| | |
|:---|:---|
| **Item 15.**<br>| ***Indemnification of Directors and Officers***  |

---

#### Otis Worldwide Corporation
Section 5.1 of Otis' amended and restated bylaws requires Otis to indemnify and hold harmless, to the full extent permitted under the General Corporation Law of the State of Delaware (the "DGCL"), each person who is made or threatened to be made a party to (or, in the case of directors and officers, otherwise involved in) any threatened, pending or completed action, suit, arbitration, alternative dispute resolution procedure, legislative hearing or inquiry or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that such person is or was a director, employee or officer of Otis, of any constituent corporation absorbed in a consolidation or merger or of a subsidiary of Otis, or serves or served as such or in a fiduciary capacity with another enterprise at the request of Otis, any such constituent corporation or a subsidiary of Otis. Such indemnification will cover all expenses, liabilities and losses reasonably incurred by such individuals.

Subsection (a) of Section 145 of the DGCL empowers a corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with such action, suit or proceeding if the person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe the person's conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of *nolo contendere* or its equivalent, shall not, of itself, create a presumption that the person did not act in good faith and in a manner that the person reasonably believed to be in or not opposed to the best interest of the corporation, and, with respect to any criminal action or proceeding, had reasonable cause to believe that the person's conduct was unlawful.

Subsection (b) of Section 145 of the DGCL empowers a corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in right of the corporation to procure a judgment in its favor by reason of the fact that such person acted in any of the capacities set

II-1<br>

------

#### **TABLE OF CONTENTS**
forth above, against expenses (including attorneys' fees) actually and reasonably incurred by the person in connection with the defense or settlement of such action or suit if the person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation and except that no indemnification shall be made in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses that the Court of Chancery or such other court shall deem proper.

Subsection (d) of Section 145 of the DGCL provides that any indemnification under subsections (a) and (b) of Section 145 (unless ordered by a court) shall be made by the corporation only as authorized in the specific case upon a determination that indemnification of the present or former director, officer, employee or agent is proper in the circumstances because the person has met the applicable standard of conduct set forth in subsections (a) and (b) of Section 145. Such determination shall be made, with respect to a person who is a director or officer at the time of such determination, (1) by a majority vote of the directors who are not parties to such action, suit or proceeding, even though less than a quorum, (2) by a committee of such directors designated by the majority vote of such directors, even though less than a quorum, (3) if there are no such directors, or if such directors so direct, by independent legal counsel in a written opinion, or (4) by the shareowners.

Section 145 of the DGCL further provides that, to the extent a present or former director or officer of a corporation has been successful on the merits or otherwise in the defense of any action, suit or proceeding referred to in subsections (a) and (b) of Section 145, or in defense of any claim, issue or matter therein, such person shall be indemnified against expenses (including attorneys' fees) actually and reasonably incurred by such person in connection therewith and that such expenses may be paid by the corporation in advance of the final disposition of such action, suit or proceeding upon receipt of an undertaking by or on behalf of such director or officer to repay such amount if it shall ultimately be determined that such person is not entitled to be indemnified by the corporation as authorized in Section 145 of the DGCL; that any indemnification and advancement of expenses provided by, or granted pursuant to, Section 145 shall not be deemed exclusive of any other rights to which the indemnified party may be entitled; that indemnification and advancement of expenses provided by, or granted pursuant to, Section 145 shall, unless otherwise provided when authorized or ratified, continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of such person's heirs, executors and administrators; and empowers the corporation to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the corporation or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against such person and incurred by such person in any such capacity, or arising out of such person's status as such, whether or not the corporation would have the power to indemnify such person against such liabilities under Section 145.

As authorized by Otis' amended and restated bylaws, Otis may purchase and maintain at its expense on behalf of directors and officers insurance, within certain limits, covering liabilities that may be incurred by them in such capacities.

To the fullest extent permitted by the DGCL, Otis' amended and restated certificate of incorporation provides that a director of Otis shall not be personally liable to Otis or its shareowners for monetary damages for breach of fiduciary duty as a director.

#### Highland Holdings S.à r.l.
The Articles of Association of Highland provide that managers may not be held personally liable by reason of their mandate for any commitment they have validly made in the name of Highland; provided that those commitments comply with the Articles of Association and Luxembourg law. Under Luxembourg law, a company may not indemnify its managers against any matter arising from a manager's fraud, dishonesty, gross negligence or willful misconduct or any criminal actions.

Managers are agents of Highland and owe a duty of care and loyalty to Highland (as opposed to any individual shareholder), in whose interest they execute their mandate. The managers' duty is to manage Highland to achieve the purpose of Highland, as defined in its Articles of Association. The managers of Highland are subject to various duties, including the duty to act in good faith and the duty of information and investigation.

II-2<br>

------

#### **TABLE OF CONTENTS**
Under Luxembourg law, managers are liable to Highland in accordance with general law for the execution of the mandate given to them and for any misconduct in the management of the affairs of Highland. They are, in principle, not held personally liable for the indebtedness or other obligations of Highland. They will be jointly and severally liable both towards Highland and any third parties for damages resulting from the violation of the Luxembourg law of 10 August, 1915 on commercial companies, as amended, or the Articles of Association of Highland. They will be discharged from any such liability in the case of a violation to which they were not a party; provided that no misconduct is attributable to them and they reported such violation at the first general meeting of shareholders after they acquired such knowledge. In addition, managers may, under specific circumstances, also be subject to criminal liability, such as in the case of an abuse of assets. In the event of bankruptcy, managers may be subject to specific criminal and civil liabilities, including the extension of the bankruptcy to the managers.

Luxembourg law considers the provisions relating to the managers' liability to a company to be a matter of public policy (*ordre public*). As a result, Highland cannot exonerate a manager in advance of his or her liability to Highland being triggered. Similarly, Highland cannot hold a manager harmless for any such liability. However, Highland can hold managers harmless for their liability to third parties. Highland can also contract for directors and officers insurance for its managers to cover their liability to both Highland and third parties. Such insurance would, in principle, be valid, as it would only shift the monetary consequences of the managers' liability, without affecting the right of Highland or of third parties to bring an action for breach of duty. Such insurance cannot cover willful misconduct, fraudulent acts or acts caused by gross negligence, as that would be contrary to public policy (*ordre public*), and such insurance would not cover fines and penalties related to criminal offences.

---

| | |
|:---|:---|
| **Item 16.**<br>| ***Exhibits***  |

---

---

| | |
|:---|:---|
| **Exhibit** <br>**Number** | **Exhibit Description**  |
| 1.1\* | Form of Underwriting Agreement for Common Stock  |
| 1.2\* | Form of Underwriting Agreement for Debt Securities  |
| 1.3\* | Form of Underwriting Agreement for Preferred Stock  |
| 1.4\* | Form of Underwriting Agreement for Units  |
| 1.5\* | Form of Underwriting Agreement for Warrants  |
| [2.1\*\*](https://www.sec.gov/Archives/edgar/data/1781335/000114036120007885/nc10010458x4_ex2-1.htm) | Separation and Distribution Agreement by and among United Technologies Corporation, Carrier Global Corporation and Otis Worldwide Corporation (filed as Exhibit 2.1 to the Current Report on Form 8-K on April 3, 2020 and incorporated herein by reference)  |
| [3.1(A)\*\*](https://www.sec.gov/Archives/edgar/data/1781335/000114036120007885/nc10010458x4_ex3-1a.htm) | Certificate of Amendment (filed as Exhibit 3.1(A) to the Current Report on Form 8-K on April 3, 2020 and incorporated herein by reference)  |
| [3.1(B)\*\*](https://www.sec.gov/Archives/edgar/data/1781335/000114036120007885/nc10010458x4_ex3-1b.htm) | Amended and Restated Certificate of Incorporation of Otis Worldwide Corporation (filed as Exhibit 3.1(B) to the Current Report on Form 8-K on April 3, 2020 and incorporated herein by reference)  |
| [3.2\*\*](https://www.sec.gov/Archives/edgar/data/1781335/000114036125010060/ef20046011_ex3-1.htm) | Amended and Restated By-Laws of Otis Worldwide Corporation (filed as Exhibit 3.1 to the Current Report on Form 8-K on March 24, 2025 and incorporated herein by reference)  |
| [3.3\*\*](https://www.sec.gov/Archives/edgar/data/1781335/000114036121035520/ny20001079x1_ex3-3.htm) | Deed of Incorporation of Highland Holdings S.à r.l., dated as of 16 August 2019 (filed as Exhibit 3.3 to Post-Effective Amendment No. 1 to the Registration Statement on Form S-3ASR on October 26, 2021 and incorporated herein by reference)  |
| [3.4\*\*](https://www.sec.gov/Archives/edgar/data/1781335/000114036123013741/ny20008193x1_ex3-4.htm) | Amended and Restated Articles of Association of Highland Holdings S.à r.l., dated as of 28 February 2023 (filed as Exhibit 3.4 to the Registration Statement on Form S-3ASR on March 24, 2023 and incorporated herein by reference)  |
| [4.1\*\*](https://www.sec.gov/Archives/edgar/data/1781335/000114036120005505/nt10003666x13_ex4-1.htm) | Indenture, dated as of February 27, 2020, between Otis Worldwide Corporation and The Bank of New York Mellon Trust Company, N.A. (filed as Exhibit 4.1 to Amendment No. 1 to the Registration Statement on Form 10 on March 11, 2020 and incorporated herein by reference)  |
| [4.2\*\*](https://www.sec.gov/Archives/edgar/data/1781335/000114036121037676/ny20001079x6_ex4-1.htm) | Indenture, dated November 12, 2021, among Highland Holdings S.à r.l., as the company, Otis Worldwide Corporation, as the guarantor and The Bank of New York Mellon Trust Company, N.A., as trustee (filed as Exhibit 4.1 to the Current Report on Form 8-K on November 12, 2021 and incorporated herein by reference)  |
| 4.3\* | Form of Debt Security  |
| 4.4\* | Form of Certificate of Designation for Preferred Stock  |
| 4.5\* | Form of Preferred Stock Certificate  |
| 4.6\* | Form of Unit Agreement  |

---

II-3<br>

------

---

| | |
|:---|:---|
| **Exhibit** <br>**Number** | **Exhibit Description**  |
| 4.7\* | Form of Unit Certificate  |
| 4.8\* | Form of Warrant Agreement  |
| 4.9\* | Form of Warrant Certificate  |
| [5.1](ny20065419x1_ex5-1.htm) | Opinion of Wachtell, Lipton, Rosen & Katz  |
| [5.2](ny20065419x1_ex5-2.htm) | Opinion of NautaDutilh Avocats Luxembourg S.à r.l.  |
| [22.1\*\*](https://www.sec.gov/Archives/edgar/data/1781335/000178133526000011/exhibit222025-12x3110xk.htm) | List of Guarantor Subsidiaries (filed as Exhibit 22 to the Annual Report on Form 10-K on February 5, 2026 and incorporated herein by reference)  |
| [23.1](ny20065419x1_ex5-1.htm) | Consent of Wachtell, Lipton, Rosen & Katz (included in Exhibit 5.1)  |
| [23.2](ny20065419x1_ex23-2.htm) | Consent of PricewaterhouseCoopers LLP  |
| [23.3](ny20065419x1_ex5-2.htm) | Consent of NautaDutilh Avocats Luxembourg S.à r.l. (included in Exhibit 5.2)  |
| [24.1](#tPOAO) | Power of Attorney of Otis Worldwide Corporation (included on the signature pages)  |
| [24.2](#tPOAH) | Power of Attorney of Highland Holdings S.à r.l. (included on the signature pages)  |
| [25.1](ny20065419x1_ex25-1.htm) | Statement of Eligibility of The Bank of New York Mellon Trust Company, N.A. as Trustee under the Indenture, dated as of February 27, 2020, between Otis Worldwide Corporation and The Bank of New York Mellon Trust Company, N.A.  |
| [25.2](ny20065419x1_ex25-2.htm) | Statement of Eligibility of The Bank of New York Mellon Trust Company, N.A. as Trustee under the Indenture, dated as of November 12, 2021, among Highland Holdings S.à r.l., Otis Worldwide Corporation and The Bank of New York Mellon Trust Company, N.A.  |
| [107](ny20065419x1_ex107.htm) | Filing Fee Table |

---

\*<br> To be filed by amendment or as an exhibit to a Current Report on Form 8-K and incorporated by reference herein.

\*\*<br> Previously filed.

---

| | |
|:---|:---|
| **Item 17.**<br>| ***Undertakings***  |

---

The undersigned registrants hereby undertake:

(1)<br> To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

(i)<br> To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933 (the "Securities Act");

(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement; and 

(iii)<br> To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;

*provided, however, that paragraphs (i), (ii) and (iii) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the SEC by the respective registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of the registration statement.* 

(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. 

(3)<br> To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

II-4<br>

------

(4)<br> That, for the purpose of determining liability under the Securities Act to any purchaser:

(i)<br> Each prospectus filed by a registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and

(ii) Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information required by Section 10(a) of the Securities Act shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date. 

(5) That, for the purpose of determining liability of a registrant under the Securities Act to any purchaser in the initial distribution of the securities, each undersigned registrant undertakes that in a primary offering of securities of the respective undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the respective undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser: 

(i)<br> Any preliminary prospectus or prospectus of the respective undersigned registrant relating to the offering required to be filed pursuant to Rule 424;

(ii)<br> Any free writing prospectus relating to the offering prepared by or on behalf of the respective undersigned registrant or used or referred to by respective undersigned registrant;

(iii)<br> The portion of any other free writing prospectus relating to the offering containing material information about the respective undersigned registrant or its securities provided by or on behalf of the respective undersigned registrant; and

(iv)<br> Any other communication that is an offer in the offering made by the respective undersigned registrant to the purchaser.

(6) That, for purposes of determining liability under the Securities Act, each filing of the registrants' annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. 

(7) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrants pursuant to the foregoing provisions, or otherwise, the registrants have been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by a registrant of expenses incurred or paid by a director, officer or controlling person of the respective registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the respective registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue. 

II-5<br>

------

#### SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the undersigned registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Farmington, State of Connecticut, on February 13, 2026.

---

| | |
|:---|:---|
| **OTIS WORLDWIDE CORPORATION**  | **OTIS WORLDWIDE CORPORATION**  |
| By: | /s/ Cristina Méndez  |
|  | Cristina Méndez  |
|  | Executive Vice President and  |
|  | Chief Financial Officer |

---

KNOW ALL PERSONS BY THESE PRESENTS, that each director whose signature appears below constitutes and appoints JUDITH F. MARKS, CRISTINA MÉNDEZ and MICHAEL P. RYAN and each of them, his or her true and lawful attorney-in-fact and agent, acting alone, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments to this Registration Statement, including post-effective amendments and registration statements filed pursuant to Rule 462(b) and otherwise, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact full power and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as such person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated and on February 13, 2026.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ Judith F. Marks | Director, Chair, President and <br>Chief Executive Officer <br>(Principal Executive Officer) | February 13, 2026  |
| Judith F. Marks  | Director, Chair, President and <br>Chief Executive Officer <br>(Principal Executive Officer) | February 13, 2026  |
| /s/ Cristina Méndez | Executive Vice President and <br>Chief Financial Officer <br>(Principal Financial Officer) | February 13, 2026  |
| Cristina Méndez | Executive Vice President and <br>Chief Financial Officer <br>(Principal Financial Officer) | February 13, 2026  |
| /s/ Michael P. Ryan | Senior Vice President and Chief Accounting Officer (Principal Accounting Officer) | February 13, 2026  |
| Michael P. Ryan  | Senior Vice President and Chief Accounting Officer (Principal Accounting Officer) | February 13, 2026  |
| /s/ Thomas A. Bartlett | Director | February 13, 2026  |
| Thomas A. Bartlett  | Director | February 13, 2026  |
| /s/ Jeffrey H. Black | Director | February 13, 2026  |
| Jeffrey H. Black  | Director | February 13, 2026  |
| /s/ Jill C. Brannon | Director | February 13, 2026  |
| Jill C. Brannon  | Director | February 13, 2026  |
| /s/ Nelda J. Connors | Director | February 13, 2026  |
| Nelda J. Connors  | Director | February 13, 2026  |

---

II-6<br>

------

#### **TABLE OF CONTENTS**

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ Kathy Hopinkah Hannan | Director | February 13, 2026  |
| Kathy Hopinkah Hannan  | Director | February 13, 2026  |
| /s/ Christopher J. Kearney | Director | February 13, 2026  |
| Christopher J. Kearney  | Director | February 13, 2026  |
| /s/ Judith F. Marks | Director | February 13, 2026  |
| Judith F. Marks  | Director | February 13, 2026  |
| /s/ Margaret M. V. Preston | Director | February 13, 2026  |
| Margaret M. V. Preston  | Director | February 13, 2026  |
| /s/ Shelley Stewart, Jr. | Director | February 13, 2026  |
| Shelley Stewart, Jr.  | Director | February 13, 2026  |
| /s/ John H. Walker | Director | February 13, 2026  |
| John H. Walker | Director | February 13, 2026  |

---

II-7<br>

------

#### SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, Highland certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized on February 13, 2026, in the City of Luxembourg City, Luxembourg.

---

| | |
|:---|:---|
| HIGHLAND HOLDINGS S.À R.L.  | HIGHLAND HOLDINGS S.À R.L.  |
| By: | /s/ Bradley G. Thompson  |
|  | Bradley G. Thompson  |
|  | Principal Executive Officer |

---

#### POWER OF ATTORNEY
BE IT KNOWN BY THESE PRESENT, that each person whose signature appears below constitutes and appoints BRADLEY THOMPSON, DEBRA F. GUSS and MICHAEL P. RYAN and each of them, his or her true and lawful attorney(s)-in-fact and agent(s), with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments to this Registration Statement, including post-effective amendments, and otherwise, and to file the same, with all exhibits and schedules thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney(s)-in-fact and agent(s) full power and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as such person, hereby ratifying and confirming all that said attorney(s)-in-fact and agent(s), or their substitute(s), may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities indicated on February 13, 2026.

---

| | |
|:---|:---|
| **Signature** | **Title** |
| /s/ Bradley G. Thomson | Class A Manager <br>(Principal Executive Officer)  |
| Bradley G. Thomson | Class A Manager <br>(Principal Executive Officer)  |
| /s/ Michael P. Ryan | Class A Manager <br>(Principal Financial Officer and <br>Principal Accounting Officer)  |
| Michael P. Ryan | Class A Manager <br>(Principal Financial Officer and <br>Principal Accounting Officer)  |
| /s/ Filipa Alexandra Justino Grancho | Class A Manager  |
| Filipa Alexandra Justino Grancho | Class A Manager  |
| /s/ Robin Norbert Casteel | Class A Manager  |
| Robin Norbert Casteel | Class A Manager  |
| /s/ Kristina Velicka | Class B Manager  |
| Kristina Velicka | Class B Manager  |
| /s/ Helciane Rucèle Abadassi | Class B Manager  |
| Helciane Rucèle Abadassi | Class B Manager  |
| /s/ Coralie-Aurore Gabrielle Madeleine Leray | Class B Manager  |
| Coralie-Aurore Gabrielle Madeleine Leray | Class B Manager  |
| /s/ Debra F. Guss | Corporate Secretary <br>(Authorized Representative in the United States)  |
| Debra F. Guss | Corporate Secretary <br>(Authorized Representative in the United States)  |

---

II-8<br>

## Exhibit 5.1

------

#### Exhibit 5.1

[Letterhead of Wachtell, Lipton, Rosen & Katz]

February 13, 2026

Otis Worldwide Corporation

One Carrier Place

Farmington, Connecticut 06032

Highland Holdings S.à r.l.

6, rue Jean Monnet

L-2180 Luxembourg

R.C.S. Luxembourg: B 237108

<br> Re: <u>Registration Statement on Form S-3ASR</u>

Ladies and Gentlemen:

We have acted as special outside counsel to Otis Worldwide Corporation, a Delaware corporation (the "Company"), and the indirect parent of Highland Holdings S.à r.l., a private limited liability company (*société à responsabilité limitée*), incorporated under the laws of the Grand Duchy of Luxembourg ("Highland"), in connection with the Registration Statement on Form S-3 (the "Registration Statement"), to be filed on the date hereof with the Securities and Exchange Commission (the "SEC") under the Securities Act of 1933, as amended (including the rules and regulations thereunder, the "Act"), that is automatically effective under the Act pursuant to Rule 462(e) promulgated thereunder and relates to an indeterminate amount of (a) the Company's common stock, par value $0.01 per share (the "Common Stock"); (b) debt securities issued by the Company (the "Company Debt Securities") and Highland (the "Highland Debt Securities" and, together with the Company Debt Securities, the "Debt Securities"); (c) the Company's preferred stock, par value $0.01 per share (the "Preferred Stock"); (d) the Company's units (the "Units"); (e) the Company's warrants (the "Warrants"); and (f) guarantees by the Company of the Highland Debt Securities (the "Guarantees"). The Common Stock, the Debt Securities, the Preferred Stock, the Units, the Warrants and the Guarantees are collectively referred to herein as the "Securities."

The Company Debt Securities are to be issued under the Indenture, dated February 27, 2020, between the Company and The Bank of New York Mellon Trust Company, N.A. (the "Trustee"), filed as Exhibit 4.1 to the Registration Statement, as supplemented by supplemental indentures among the Company and the Trustee (as so supplemented, the "Company Indenture"). The Highland Debt Securities are to be issued under the Indenture, dated November 12, 2021, among Highland, as issuer, the Company, as guarantor, and the Trustee, filed as Exhibit 4.2 to the Registration Statement, as supplemented by supplemental indentures among the Company, Highland and the Trustee (as so supplemented, the "Highland Indenture" and, together with the Company Indenture, the "Indentures"). The Units are to be issued pursuant to a unit certificate or other applicable agreement (the "Unit Agreement") between the Company and one or more institutions, as a unit agent, each as identified in the Unit Agreement. The Warrants are to be issued pursuant to a warrant agreement (each, a "Warrant Agreement") between the Company and one or more institutions, as a warrant agent, each as identified in the Warrant Agreement.

The prospectus that is part of the Registration Statement as supplemented in the future by various supplements to the prospectus (each, a "Prospectus Supplement") will provide for the issuance and sale by the Company or Highland, as applicable, of the Securities, which may be offered pursuant to Rule 415 under the Act.

------

![](ny20065419x1_ex5-1img01.jpg)

February 13, 2026

Page 2<br>

We are members of the Bar of the State of New York, and we have not considered, and we express no opinion as to, the laws of any jurisdiction other than the laws of the State of New York and the DGCL, in each case as in effect on the date hereof.

------

![](ny20065419x1_ex5-1img01.jpg)

February 13, 2026

Page 3<br>

Based upon the foregoing, and subject to the qualifications set forth in this letter, we advise you that, in our opinion:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; With respect to any shares of Common Stock to be offered by the Company pursuant to the Registration Statement (the "Offered Common Shares"), when certificates in the form required under the DGCL representing the Offered Common Shares are duly executed, countersigned, registered and delivered, or if any of the Offered Common Shares are uncertificated, valid book-entry notations for the issuance of the Offered Common Shares have been made in the share register of the Company, upon payment of the agreed upon consideration therefor, the Offered Common Shares (including any shares of Common Stock duly issued upon conversion, exchange, redemption or exercise of any other Securities registered on the Registration Statement), when issued and sold in accordance with the Purchase Agreement, will be legally issued, fully paid and nonassessable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; With respect to any series of Company Debt Securities to be offered by the Company pursuant to the Registration Statement, when the terms of the Company Debt Securities and of their issuance and sale have been duly established in conformity with the Company Indenture and any supplemental indenture to be entered into in connection with the issuance of such Company Debt Securities, the Company Debt Securities, when issued and sold in accordance with the Company Indenture, any supplemental indenture to be entered into in connection with the issuance of such Company Debt Securities and the Purchase Agreement, will be valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; With respect to any series of Highland Debt Securities to be offered by Highland pursuant to the Registration Statement, when the terms of the Highland Debt Securities and of their issuance and sale have been duly established in conformity with the Highland Indenture and any supplemental indenture to be entered into in connection with the issuance of such Highland Debt Securities, the Highland Debt Securities, when issued and sold in accordance with the Highland Indenture, any supplemental indenture to be entered into in connection with the issuance of such Highland Debt Securities and the Purchase Agreement, will be valid and binding obligations of Highland, enforceable against Highland in accordance with their respective terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; With respect to any shares of Preferred Stock to be offered by the Company pursuant to the Registration Statement (the "Offered Preferred Shares"), upon due filing of the applicable definitive Certificate of Designations with respect to such Preferred Stock and when certificates in the form required under the DGCL representing the Offered Preferred Shares are duly executed, countersigned, registered and delivered upon payment of the agreed upon consideration therefor, the Offered Preferred Shares (including any shares of Preferred Stock duly issued upon conversion, exchange, redemption or exercise of any other Securities registered on the Registration Statement), when issued and sold in accordance with the Purchase Agreement, will be legally issued, fully paid and nonassessable.

------

![](ny20065419x1_ex5-1img01.jpg)

February 13, 2026

Page 4<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; With respect to any Units to be offered by the Company pursuant to the Registration Statement (the "Offered Units"), (a) when the terms of the issuance and sale of the Offered Units have been duly established in conformity with the Unit Agreement; and (b) any shares of Common Stock or Preferred Stock that are a component of any Offered Units are validly issued, fully paid and nonassessable and any other Securities that are components of any Offered Units are valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms, the Offered Units, when issued and sold in accordance with the Unit Agreement and the Purchase Agreement, will be valid and legally binding obligations of the Company, enforceable against the Company in accordance with their respective terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; With respect to any Warrants to be offered by the Company pursuant to the Registration Statement (the "Offered Warrants"), (a) when the terms of the issuance and sale of the Offered Warrants have been duly established in conformity with the Warrant Agreement; and (b) any shares of Common Stock or Preferred Stock that are a component of any Offered Warrants are validly issued, fully paid and nonassessable and any other Securities that are components of any Offered Warrants are valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms, the Offered Warrants, when issued and sold in accordance with the Warrant Agreement and the Purchase Agreement, will be valid and legally binding obligations of the Company, enforceable against the Company in accordance with their respective terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; With respect to any Guarantees to be offered by the Company pursuant to the Registration Statement, when the terms of the Guarantees and of their issuance and sale have been duly established in conformity with the Highland Indenture and any supplemental indenture to be entered into in connection with the issuance of such Guarantees, the Guarantees, when issued and sold in accordance with the Highland Indenture, any supplemental indenture to be entered into in connection with the issuance of such Guarantees and the Purchase Agreement, will be valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms.

The opinions set forth above are subject to the effects of (a) bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting the enforcement of creditors' rights generally; (b) general equitable principles (whether considered in a proceeding in equity or at law); (c) an implied covenant of good faith and fair dealing; (d) provisions of law that require that a judgment for money damages rendered by a court in the United States be expressed only in United States dollars; (e) limitations by any governmental authority that limit, delay or prohibit the making of payments outside the United States; and (f) generally applicable laws that (1) provide for the enforcement of oral waivers or modifications where a material change of position in reliance thereon has occurred or provide that a course of performance may operate as a waiver, (2) limit the availability of a remedy under certain circumstances where another remedy has been elected, (3) limit the enforceability of provisions releasing, exculpating or exempting a party from, or requiring indemnification of a party for, liability for its own action or inaction, to the extent the action or inaction involves negligence, gross negligence, recklessness, willful misconduct or unlawful conduct, (4) may, where less than all of a contract may be unenforceable, limit the enforceability of the balance of the contract to circumstances in which the unenforceable portion is not an essential part of the agreed-upon exchange, (5) may limit the enforceability of provisions providing for compounded interest, imposing increased interest rates or late payment charges upon delinquency in payment or default or providing for liquidated damages or for premiums or penalties upon acceleration, or (6) limit the waiver of rights under usury laws. Furthermore, the manner in which any particular issue relating to the opinions would be treated in any actual court case would depend in part on facts and circumstances particular to the case and would also depend on how the court involved chose to exercise the wide discretionary authority generally available to it. We express no opinion as to the effect of Section 210(p) of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

------

![](ny20065419x1_ex5-1img01.jpg)

February 13, 2026

Page 5<br>

We express no opinion as to whether, or the extent to which, the laws of any particular jurisdiction apply to the subject matter hereof, including, without limitation, the enforceability of the governing law provision contained in any Securities and their governing documents.

This letter speaks only as of its date and is delivered in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Act. We hereby consent to the filing of copies of this opinion letter as an exhibit to the Registration Statement and to the use of our name in the prospectus forming a part of the Registration Statement under the caption "Legal Matters." In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Act.

---

| |
|:---|
| Very truly yours, |
| /s/ Wachtell, Lipton, Rosen & Katz |

---

------

## Exhibit 5.2

------

 **Exhibit 5.2**<br>

---

| | |
|:---|:---|
|  | ![](ny20065419x1_ex5-2img01.jpg)  |
| 2, rue Jean Bertholet<br> L - 1233 Luxembourg<br> T +352 26 12 29 1<br> F +352 26 68 43 31 | Luxembourg, 13 February 2026<br>**Highland Holdings S.à r.l.**<br> 6, rue Jean Monnet<br> L-2180 Luxembourg<br> Grand Duchy of Luxembourg |

---

Ladies and Gentlemen,

#### Highland Holdings S.à r.l. – Filing of the Registration Statement

We have acted as special legal counsel in Luxembourg to **Highland Holdings S.à r.l.**, a private limited liability company (*société à responsabilité limitée*) incorporated under the laws of Luxembourg, having its registered office at 6, rue Jean Monnet, L-2180 Luxembourg, Grand Duchy of Luxembourg, and registered with the Luxembourg Trade and Companies Register (*R.C.S. Luxembourg*) under number B237108 (the "**Company**") in connection with its filing of the shelf registration statement on form S-3ASR (the "**Registration Statement**") with the U.S. Securities and Exchange Commission relating to the proposed public offering of an indeterminate amount of debt securities which may be sold from time to time and on a delayed basis (the "**Notes**"), as set forth in the prospectus which forms a part of the Registration Statement (the "**Prospectus**"), and as to be set forth in one or more supplements to the Prospectus.

Capitalised terms used in this opinion letter have the meanings set forth in <u>Exhibit A</u>. Terms not otherwise defined in this opinion letter shall have the meanings ascribed thereto in the Registration Statement. Section headings used in this opinion letter are for ease of reference only and are not to affect its construction or be taken into consideration in its interpretation.

We hereby consent to the filing of this opinion letter as Exhibit 5.2 to the Registration Statement and to the reference to our firm under the caption "Legal Matters" in the Prospectus which forms a part of the Registration Statement. In giving this consent, we do not thereby admit that we are an "expert" within the meaning of the US Securities Act of 1933.

This opinion letter is strictly limited to the legal matters stated in it and may not be read as extending by implication to any legal matters not specifically referred to in it. Nothing in this opinion letter should be taken as expressing an opinion in respect of any representations or warranties, or other information, contained in the Registration Statement or any other document reviewed by us in connection with this opinion letter, except as expressly confirmed in this opinion letter.

------

![](ny20065419x1_ex5-2img01.jpg) <br>

In rendering the opinions expressed herein, we have exclusively reviewed the Registration Statement, the Corporate Documents and the Public Records. We have not investigated or verified any factual matter, whether or not disclosed to us, in the course of our review, and we assume that any such matter is accurate, complete and up-to-date as of the date hereof.

We have not been involved in structuring, drafting or negotiating the Registration Statement.

This opinion letter sets out our opinion on certain matters of the laws with general applicability in Luxembourg as at the date hereof and as presently interpreted under published authoritative case law of Luxembourg courts, the General Court and the Court of Justice of the European Union.

The opinions and statements expressed in this opinion letter are limited in all respects to and are to be construed and interpreted in accordance with Luxembourg law. We do not express any opinion on (i) any taxation matters or taxation consequences relating to the entering by the parties into or the performance by the parties of their obligations under the Registration Statement or any other tax matters, or (ii) securitization law. We do not undertake to revise, update or amend this opinion letter in connection with or to notify or inform you of, any developments and/or changes under Luxembourg law subsequent to the date hereof.

This opinion letter is subject to Luxembourg law and that any issues of interpretation or liability arising out of or in connection with this opinion letter are submitted to the exclusive jurisdiction of the competent courts of Luxembourg-City, Luxembourg. No person other than NautaDutilh Avocats Luxembourg S.à r.l. may be held liable in connection with this opinion letter.

In this opinion letter, legal concepts are expressed in English terms and not in their French or German terms. Luxembourg legal concepts concerned may not be identical in meaning to the concepts described by the English terms as they exist under the law of other jurisdictions. There are always irreconcilable linguistic differences between legal terms or concepts in different jurisdictions. In the event of a conflict or inconsistency, the relevant expression shall be deemed to refer only to the Luxembourg legal concepts described by the same English terms. We accept no liability for such conflicts or inconsistencies.

NautaDutilh Avocats Luxembourg S.à r.l. shall not be held liable for any damage relating to the communication of data or documents. NautaDutilh Avocats Luxembourg S.à r.l. is incorporated as a *société à responsabilité limitée* (private limited liability company) in Luxembourg, with registered office at 2, rue Jean Bertholet L-1233 Luxembourg and registered with the Luxembourg Trade and Companies Register under number B 189905, with a share capital of EUR 12,500 and registered with the Luxembourg bar on List V. All services rendered by NautaDutilh Avocats Luxembourg S.à r.l. are subject to the general terms and conditions of NautaDutilh Avocats Luxembourg S.à r.l., which include, amongst other provisions, a limitation of liability clause and can be consulted at www.nautadutilh.com (under "General Conditions") and will be provided free of charge upon request.

------

#### <br>

#### Assumptions
For the purposes of this opinion letter, we have assumed that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. all documents reviewed by us as execution versions of documents or as fax, photo or electronic copies of originals are in conformity with the executed originals thereof and such originals are complete and authentic;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Otis Worldwide Corporation is duly incorporated, organised, validly existing and in good standing (where applicable) under the laws of its place of incorporation or establishment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. the Company has complied with all requirements of the Luxembourg legislation and regulations on the domiciliation of companies, and in particular with the Luxembourg Domiciliation Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. the Company does not carry out any activity in the financial or insurance sector on a professional basis (as referred to in the Financial Sector Act, the Insurance Sector Act, and the AIFM Act) or any activity requiring the granting of a
 business licence under the Business Licences Act, or any other license;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. the Company is not subject to, nor does it meet the criteria to be subject to, any proceedings for general settlement or composition with creditors (*concordat préventif de faillite*), controlled
 management (*gestion contrôlée*), reprieve from payment (*sursis de paiement*), out-of-court mutual agreement (*réorganisation extra-judiciaire par accord amiable*), judicial reorganisation in the form of a stay to enter into a mutual agreement (*sursis en vue de la conclusion d'un accord amiable*), judicial
 reorganisation by collective agreement (*réorganisation judiciaire par accord collectif*), judicial reorganisation by transfer of assets or activities (*réorganisation judiciaire par transfert sous autorité de justice*), conciliation (*conciliation*) or protective measures (*mesures en vue de préserver les entreprises*)
 and has not been or is not adjudicated bankrupt or been made subject to any other insolvency proceedings (including without limitation administrative dissolution without liquidation proceedings (*procédure de dissolution administrative sans liquidation*)) under any applicable law or otherwise been limited in its rights to dispose of its assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. the place of central administration (*siège de l'administration centrale*), the place of effective management (*siège de direction effective*) and (for the
 purposes of the Recast Insolvency Regulation) the centre of main interests (*centre des intérêts principaux*) of the Company are located at the place of its registered office (*siège statutaire*) in Luxembourg and the Company has no establishment (within the meaning of the Recast Insolvency Regulation) outside Luxembourg;

------

![](ny20065419x1_ex5-2img01.jpg) <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. the Articles of Association and the Public Records of the Company are each true, complete and up-to-date as at the date hereof and such information has not been materially altered since;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. the Resolutions are in full force and effect and have not been amended, revoked or declared null and void, and correctly reflect the resolutions taken by the persons authorized to do so, and the factual statements made and the
 confirmations given in the Corporate Documents and in the Registration Statement are complete and correct;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. all powers of attorney given to the persons named therein for the purposes of filing the Registration Statement have been validly granted and confer, under any applicable law (other than Luxembourg law) the necessary power to the persons
 named therein to file the Registration Statement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. the Registration Statement has been or will be duly authorized by Otis Worldwide Corporation and Otis Worldwide Corporation has the capacity, power, authority and legal right to approve and file the Registration Statement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. all authorizations, approvals and consents required under the laws or regulations of any jurisdiction (other than Luxembourg), which may be required in connection with the execution and performance of the Registration Statement have been
 or will be obtained;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. the statements of fact in the Registration Statement and the Corporate Documents reviewed by us are true, accurate, complete and not misleading; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;m. no provision of law (other than Luxembourg law) would adversely affect or have any negative impact on the opinions we express in this opinion letter.

#### Opinions
Based upon the foregoing and subject to the qualifications set forth herein and to any matters, documents or events not disclosed to us, we express the following opinions:

#### Corporate Status
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Company has been duly incorporated and is validly existing for an unlimited duration as a private limited liability company (*société à responsabilité limitée*) under the laws of Luxembourg.

------

#### <br>

#### No Bankruptcy
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Based on the Negative Certificate, no judgment, judicial decision or court order has been registered with regard to the Company on bankruptcy (*faillite*) *,* administrative dissolution without liquidation proceedings (*procédure de dissolution administrative sans liquidation*), judicial reorganisation (*réorganisation judiciaire*), reprieve from payment (*sursis de paiement*), dissolution or liquidation, the appointment of an insolvency practitioner (*mandataire de justice*),

 or an interim administrator (*administrateur provisoire*) or any similar foreign procedure under the Recast Insolvency Regulation as at the date referred to therein.

#### Corporate Power
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The Company has the corporate power and authority to file the Registration Statement and issue the Notes.

#### Corporate Action
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The Company has taken all necessary corporate action required by its Articles of Association and the Companies Act in connection with the filing of the Registration Statement and the issuance of the Notes.

#### Qualifications
The opinions expressed above are subject to the following qualifications:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Our review of the Registration Statement and the Prospectus and of any other documents subject or expressed to be subject to any law other than Luxembourg law has been limited to the terms of such documents as they appear to us on their
 face.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Corporate documents (including but not limited to a notice of a winding-up order or resolution, notice of the appointment of a receiver, administrator, or administrative receiver) may not be held immediately at the Companies Register or
 are not subject to be deposited/held at the Companies Register and there may also be a delay in the relevant document to be deposited with the Companies Register or appearing on the file of the Company with the Companies Register, which may
 therefore be incomplete and/or inaccurate, and the Extract and the Negative Certificate may not constitute conclusive evidence of the facts reflected therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Under Article 19-3 of the Companies Register Act, documents and extracts of documents will only be valid *vis-à-vis* third parties from the day of their publication in the RESA unless the Company
 proves that the relevant third parties had prior knowledge thereof. Third parties may however rely upon documents or extracts thereof which have not yet been published in the RESA. Such documents are not enforceable against third parties
 during 15 (fifteen) days following publication if they prove that it was impossible for them to have knowledge thereof.

------

![](ny20065419x1_ex5-2img01.jpg) <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. An enquiry with the Companies Register is not capable of conclusively revealing whether or not a winding-up petition or a petition for the making of an administration or bankruptcy order or similar action has been presented or is
 threatened to be presented; therefore, any reliance on the Negative Certificate should be made with regard to the functionality of the Companies Register.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. Article 1200-1 of the Companies Act provides that the Luxembourg district court (*Tribunal d'Arrondissement*) dealing with commercial matters, may, at the request of the public prosecutor (*Procureur d'Etat*), order the dissolution and the liquidation of a company governed by Luxembourg law which seriously contravenes the provisions of the Companies Act, the assessment of which is left to
 the discretion of the competent courts. As such, the opening of any dissolution or liquidation proceedings may be delayed or stopped in certain circumstances, provided that (a) such non-compliance is remedied satisfactorily in the view of
 the competent court (usually if the delay in filing of the financial statements is not longer than 2 (two) years) and (b) the Company is not subject to insolvency or similar proceedings set out at qualification F (including the
 administrative dissolution without liquidation proceeding (*procédure de dissolution administrative sans liquidation*)). Luxembourg courts do not have a uniform interpretation on whether or not the
 non-compliance may be remedied in all circumstances and which timeframe (if any) will be acceptable to update the financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. Each power of attorney and mandate, as well as any agency provisions granted and all appointments made by the Company , will terminate by law and without notice upon the Company's bankruptcy (*faillite*),

 and become ineffective upon the entering of the Company into reprieve from payment (*sursis de paiement*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. Any activity by the Company contrary to criminal law as well as any serious violation (*contravention grave*) by the Company of the provisions of the Luxembourg Commercial Code, of the laws
 governing commercial companies (including without limitation with respect to any business licence requirement) and in particular of the Luxembourg Domiciliation Act, and of the Financial Sector Act may lead to the liquidation and winding-up
 of the Company. The assessment of whether any violation of said requirements is serious, is left to the discretion of the courts. For the purpose of this opinion letter, we have not verified whether or not the Company has complied with all
 requirements of Luxembourg law applicable to the domiciliation of companies.

------

![](ny20065419x1_ex5-2img01.jpg) <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H. As a general rule, powers of attorney or mandates (*mandats*) may be terminated at will (*ad nutum*) at any time notwithstanding that they are expressed to be
 irrevocable. In order to be valid and binding on the principal, such proxies, mandates and powers of attorneys must have a limited purpose and not be drafted in a general way and in broad terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I. We express no opinion on any clause of the Registration Statement incorporating by reference certain provisions of any documents which we have not reviewed and on which we have not been requested to opine.

------

![](ny20065419x1_ex5-2img01.jpg) <br>

---

| |
|:---|
| Yours faithfully, |
| **NautaDutilh Avocats Luxembourg S.à r.l.** |
| Authorized Signatory: |
| Margaretha (Greet) Wilkenhuysen |

---

------

#### <br>

#### EXHIBIT A

#### LIST OF DEFINITIONS

---

| | |
|:---|:---|
| "**Articles of Association**" | has the meaning attributed thereto in <u>Exhibit B</u> |
| "**Business Licences Act**" | the Luxembourg Act of 2 September 2011 regulating access to the professions of craftsman, trader, industrialist as well as certain liberal professions, as amended |
| "**Companies Act**" | the Luxembourg Act of 10 August 1915 on commercial companies, recast |
| "**Companies Register**" | the Luxembourg Register of Commerce and Companies (*R.C.S. Luxembourg*) |
| "**Companies Register Act**" | the Luxembourg Act of 19 December 2002 on the register of commerce and companies and the accounting and annual statements of undertakings, as amended |
| "**Corporate Documents**" | has the meaning attributed thereto in <u>Exhibit B</u> |
| "**Extract**" | has the meaning attributed thereto in <u>Exhibit B</u> |
| "**Financial Sector Act**" | the Luxembourg Act of 5 April 1993 regarding the financial sector, as amended |
| "**Insurance Sector Act**" | the Luxembourg Act of 7 December 2015 on the insurance sector, as amended |
| "**Luxembourg**" | the Grand Duchy of Luxembourg |
| "**Luxembourg Commercial Code**" | the Luxembourg Commercial Code (*Code de Commerce*) |
| "**Luxembourg Domiciliation Act**" | the Luxembourg Act of 31 May 1999 on the domiciliation of companies, as amended |

---

------

![](ny20065419x1_ex5-2img01.jpg) <br>

---

| | |
|:---|:---|
| "**NautaDutilh**" | NautaDutilh Avocats Luxembourg S.à r.l. |
| "**Negative Certificate**" | has the meaning attributed thereto in <u>Exhibit B</u> |
| "**Public Records**" | has the meaning attributed thereto in <u>Exhibit B</u> |
| "**Recast Insolvency Regulation**" | the Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (recast), as amended by Regulation (EU) 2021/2260 of the European Parliament and of the Council of 15 December 2021 |
| "**Resolutions**" | has the meaning attributed thereto in <u>Exhibit B</u> |

---

------

#### <br>

#### EXHIBIT B

#### LIST OF CORPORATE DOCUMENTS

#### AND PUBLIC RECORDS

List of corporate documents and public records of the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. an electronic copy of the amended and restated articles of association of the Company dated 28 February 2023 as included in the extraordinary shareholders meeting of the Company of the same date (the "**Articles of Association** ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. electronic copies of (i) the resolutions of the managers (*gérants*) of the Company dated 8 January 2026 which, *inter alia*, approve the entering by the
 Company into the Registration Statement, and (ii) the resolutions of the managers (*gérants*) of the Company dated 21 October 2021 which, *inter alia*, approve
 the issuance by the Company of the Notes (together referred to as the "**Resolutions** ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. an electronic copy of a certificate of non-registration of judgments or administrative dissolution without liquidation, issued by the Companies Register for the Company on 13 February 2026 and reflecting the situation of 12 February
 2026, and stating that the Company has not been declared bankrupt (*en faillite*) and has not been subject to administrative dissolution without liquidation proceedings (*procédure de dissolution administrative sans liquidation*) and that it has not applied for reprieve from payment (*sursis de paiement*) or such other proceedings listed in Article 13,
 items 4 to 12, 16 and 17 of the Companies Register Act (the "**Negative Certificate** "); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. an electronic copy of a register extract for the Company issued by the Companies Register dated 13 February 2026 (the "**Extract** ").

The Articles of Association and the Resolutions are collectively referred to as the "**Corporate Documents**".

The Negative Certificate and the Extract are collectively referred to as the "**Public Records**".

------

## Exhibit 23.2

------

**Exhibit 23.2**<br>

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration Statement on Form S-3 of Otis Worldwide Corporation of our report dated February 5, 2026 relating to the financial statements, financial statement schedule and the effectiveness of internal control over financial reporting, which appears in Otis Worldwide Corporation's Annual Report on Form 10-K for the year ended December 31, 2025. We also consent to the reference to us under the heading "Experts" in such Registration Statement.

/s/ PricewaterhouseCoopers LLP

Hartford, Connecticut

February 13, 2026

------

## Exhibit 25.1

------

**Exhibit 25.1**

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM T-1

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939 OF A

CORPORATION DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE

ELIGIBILITY OF A TRUSTEE PURSUANT TO

SECTION 305(b)(2) \|__\|

------

## THE BANK OF NEW YORK MELLON

## TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)

---

| | |
|:---|:---|
|  | 95-3571558 |
| (Jurisdiction of incorporation if not a U.S. national bank) | (I.R.S. employer identification no.) |
| 333 South Hope Street<br> Suite 2525<br> Los Angeles, California<br> (Address of principal executive offices) | <br> 90071<br> (Zip code) |

---

------

Otis Worldwide Corporation

(Exact name of registrant as specified in its charter)

---

| | |
|:---|:---|
| Delaware | 83-3789412 |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. employer identification no.) |
| One Carrier Place<br> Farmington, Connecticut | <br>06032 |
| (Address of principal executive offices) | (Zip code) |

---

------

Debt Securities

(Title of the indenture securities)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.** **General information. Furnish the following information as to the trustee:** 

**(a)** **Name and address of each examining or supervising authority to which it is subject.**

---

| | |
|:---|:---|
| Name | Address |
| Comptroller of the Currency<br> United States Department of the Treasury | Washington, DC 20219 |
| Federal Reserve Bank | San Francisco, CA 94105 |
| Federal Deposit Insurance Corporation | Washington, DC 20429 |

---

 **(b)** **Whether it is authorized to exercise corporate trust powers.**

Yes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.** **Affiliations with Obligor.** 

**If the obligor is an affiliate of the trustee, describe each**such affiliation.

None.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16.** **List of Exhibits.** 

**Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the "Act").**

1. A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152875).

<br> 2. A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).

<br> 3. A copy of the authorization of the trustee to exercise corporate trust powers (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-152875).

<br> 4. A copy of the existing by-laws of the trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-229762).

<br> 6. The consent of the trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-152875).

<br> 7. A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

------

SIGNATURE

Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon Trust Company, N.A., a banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Chicago, and State of Illinois, on the 29th day of January, 2026.

---

| | | |
|:---|:---|:---|
| THE BANK OF NEW YORK MELLON <br> TRUST COMPANY, N.A. | THE BANK OF NEW YORK MELLON <br> TRUST COMPANY, N.A. | THE BANK OF NEW YORK MELLON <br> TRUST COMPANY, N.A. |
| By: | /s/ Ann Dolezal | /s/ Ann Dolezal |
|  | Name:<br>| Ann M. Dolezal |
|  | Title:<br>| Vice President |

---

------

#### EXHIBIT 7

Consolidated Report of Condition of

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

of 333 South Hope Street, Suite 2525, Los Angeles, CA 90071

At the close of business September 30, 2025, published in accordance with Federal regulatory authority instructions.

---

| | |
|:---|:---|
|  | Dollar amounts |
|  | <u>in thousands</u> |
| <u>ASSETS</u> |  |
| Cash and balances due from depository institutions: |  |
| &nbsp;&nbsp;&nbsp; Noninterest-bearing balances and currency and coin | 14287 |
| &nbsp;&nbsp;&nbsp; Interest-bearing balances | 227308 |
| Securities: |  |
| &nbsp;&nbsp;&nbsp; Held-to-maturity securities | 0 |
| &nbsp;&nbsp;&nbsp; Available-for-sale debt securities | 99761 |
| &nbsp;&nbsp;&nbsp; Equity securities with readily determinable fair values not held for trading | 0 |
| Federal funds sold and securities purchased under agreements to resell: |  |
| &nbsp;&nbsp;&nbsp; Federal funds sold in domestic offices | 0 |
| &nbsp;&nbsp;&nbsp; Securities purchased under agreements to resell | 0 |
| Loans and lease financing receivables: |  |
| &nbsp;&nbsp;&nbsp; Loans and leases held for sale | 0 |
| &nbsp;&nbsp;&nbsp; Loans and leases held for investment | 0 |
| &nbsp;&nbsp;&nbsp; LESS: Allowance for credit losses on loans and leases | 0 |
| &nbsp;&nbsp;&nbsp; Loans and leases held for investment, net of allowance | 0 |
| Trading assets | 0 |
| Premises and fixed assets (including right-of-use assets) | 8327 |
| Other real estate owned | 0 |
| Investments in unconsolidated subsidiaries and associated companies | 0 |
| Direct and indirect investments in real estate ventures | 0 |
| Intangible assets | 856313 |
| Other assets | 131289 |
| Total assets | $1337285 |

---

------

---

| | |
|:---|:---|
| <u>LIABILITIES</u> |  |
| Deposits: |  |
| &nbsp;&nbsp;&nbsp; In domestic offices | 930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Noninterest-bearing | 930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest-bearing | 0 |
| Federal funds purchased and securities sold under agreements to repurchase: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal funds purchased in domestic offices | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities sold under agreements to repurchase | 0 |
| Trading liabilities | 0 |
| Other borrowed money: |  |
| (includes mortgage indebtedness) | 0 |
| Not applicable |  |
| Not applicable |  |
| Subordinated notes and debentures | 0 |
| Other liabilities | 262320 |
| Total liabilities | 263250 |
| Not applicable |  |

---

<u>EQUITY CAPITAL</u>

---

| | |
|:---|:---|
| Perpetual preferred stock and related surplus | 0 |
| Common stock | 1000 |
| Surplus (exclude all surplus related to preferred stock) | 107987 |
| Not available |  |
| &nbsp;&nbsp;&nbsp; Retained earnings | 965002 |
| &nbsp;&nbsp;&nbsp; Accumulated other comprehensive income | 46 |
| Other equity capital components | 0 |
| Not available |  |
| &nbsp;&nbsp;&nbsp; Total bank equity capital | 1074035 |
| &nbsp;&nbsp;&nbsp; Noncontrolling (minority) interests in consolidated subsidiaries | 0 |
| Total equity capital | 1074035 |
| Total liabilities and equity capital | 1337285 |

---

I, Natalie Bobnar, CFO of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

Natalie Bobnar) CFO

We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

Elizabeth Lyndon, Managing Director) <br> Kevin C. Weeks, President) Directors (Trustees) <br> Fernando A. Costa, Managing Director)

------

## Exhibit 25.2

------

 **Exhibit 25.2**

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM T-1

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939 OF A

CORPORATION DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE

ELIGIBILITY OF A TRUSTEE PURSUANT TO

SECTION 305(b)(2) \|__\|

------

## THE BANK OF NEW YORK MELLON

## TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)

---

| | |
|:---|:---|
|  | 95-3571558 |
| (Jurisdiction of incorporation if not a U.S. national bank) | (I.R.S. employer identification no.) |
| 333 South Hope Street<br> Suite 2525<br> Los Angeles, California<br> (Address of principal executive offices) | <br>90071<br> (Zip code) |

---

------

Highland Holdings S.à r.l.

(Exact name of obligor as specified in its charter)

---

| | |
|:---|:---|
| Grand Duchy of Luxembourg<br> (State or other jurisdiction of<br> incorporation or organization) | 98-1507045<br> (I.R.S. employer<br> identification no.) |
| 6, rue Jean Monnet<br> L-2180 Luxembourg<br> R.C.S. Luxembourg: B 237108<br> (Address of principal executive offices) | <br>(Zip code) |

---

Otis Worldwide Corporation

(Exact name of registrant as specified in its charter)

---

| | |
|:---|:---|
| Delaware | 83-3789412 |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. employer identification no.) |
| One Carrier Place<br> Farmington, Connecticut | <br>06032 |
| (Address of principal executive offices) | (Zip code) |

---

------

Debt Securities

and Guarantees of Debt Securities

(Title of the indenture securities)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.** **General information. Furnish the following information as to the trustee:** 

**(a)** **Name and address of each examining or supervising authority to which it is subject.**

---

| | |
|:---|:---|
| Name | Address |
| Comptroller of the Currency<br> United States Department of the Treasury | Washington, DC 20219 |
| Federal Reserve Bank | San Francisco, CA 94105 |
| Federal Deposit Insurance Corporation | Washington, DC 20429 |

---

 **(b)** **Whether it is authorized to exercise corporate trust powers.**

Yes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.** **Affiliations with Obligor.** 

**If the obligor is an affiliate of the trustee, describe each**such affiliation.

None.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16.** **List of Exhibits.** 

**Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the "Act").**

1. A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152875).

<br> 2. A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).

<br> 3. A copy of the authorization of the trustee to exercise corporate trust powers (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-152875).

------

<br> 4. A copy of the existing by-laws of the trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-229762).

<br> 6. The consent of the trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-152875).

<br> 7. A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

------

SIGNATURE

Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon Trust Company, N.A., a banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Chicago, and State of Illinois, on the 29th day of January, 2026.

---

| | | |
|:---|:---|:---|
| THE BANK OF NEW YORK MELLON <br> TRUST COMPANY, N.A. | THE BANK OF NEW YORK MELLON <br> TRUST COMPANY, N.A. | THE BANK OF NEW YORK MELLON <br> TRUST COMPANY, N.A. |
| By: | /s/ Ann Dolezal  | /s/ Ann Dolezal  |
|  | Name:<br>| Ann M. Dolezal |
|  | Title:<br>| Vice President |

---

------

#### EXHIBIT 7

Consolidated Report of Condition of

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

of 333 South Hope Street, Suite 2525, Los Angeles, CA 90071

At the close of business September 30, 2025, published in accordance with Federal regulatory authority instructions.

---

| | |
|:---|:---|
|  | Dollar amounts |
|  | <u>in thousands</u> |
| <u>ASSETS</u> |  |
| Cash and balances due from depository institutions: |  |
| &nbsp;&nbsp;&nbsp; Noninterest-bearing balances and currency and coin | 14287 |
| &nbsp;&nbsp;&nbsp; Interest-bearing balances | 227308 |
| Securities: |  |
| &nbsp;&nbsp;&nbsp; Held-to-maturity securities | 0 |
| &nbsp;&nbsp;&nbsp; Available-for-sale debt securities | 99761 |
| &nbsp;&nbsp;&nbsp; Equity securities with readily determinable fair values not held for trading | 0 |
| Federal funds sold and securities purchased under agreements to resell: |  |
| &nbsp;&nbsp;&nbsp; Federal funds sold in domestic offices | 0 |
| &nbsp;&nbsp;&nbsp; Securities purchased under agreements to resell | 0 |
| Loans and lease financing receivables: |  |
| &nbsp;&nbsp;&nbsp; Loans and leases held for sale | 0 |
| &nbsp;&nbsp;&nbsp; Loans and leases held for investment | 0 |
| &nbsp;&nbsp;&nbsp; LESS: Allowance for credit losses on loans and leases | 0 |
| &nbsp;&nbsp;&nbsp; Loans and leases held for investment, net of allowance | 0 |
| Trading assets | 0 |
| Premises and fixed assets (including right-of-use assets) | 8327 |
| Other real estate owned | 0 |
| Investments in unconsolidated subsidiaries and associated companies | 0 |
| Direct and indirect investments in real estate ventures | 0 |
| Intangible assets | 856313 |
| Other assets | 131289 |
| Total assets | $1337285 |

---

------

---

| | |
|:---|:---|
| <u>LIABILITIES</u> |  |
| Deposits: |  |
| &nbsp;&nbsp;&nbsp; In domestic offices | 930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Noninterest-bearing | 930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest-bearing | 0 |
| Federal funds purchased and securities sold under agreements to repurchase: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal funds purchased in domestic offices | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities sold under agreements to repurchase | 0 |
| Trading liabilities | 0 |
| Other borrowed money: |  |
| (includes mortgage indebtedness) | 0 |
| Not applicable |  |
| Not applicable |  |
| Subordinated notes and debentures | 0 |
| Other liabilities | 262320 |
| Total liabilities | 263250 |
| Not applicable |  |

---

<u>EQUITY CAPITAL</u>

---

| | |
|:---|:---|
| Perpetual preferred stock and related surplus | 0 |
| Common stock | 1000 |
| Surplus (exclude all surplus related to preferred stock) | 107987 |
| Not available |  |
| &nbsp;&nbsp;&nbsp; Retained earnings | 965002 |
| &nbsp;&nbsp;&nbsp; Accumulated other comprehensive income | 46 |
| Other equity capital components | 0 |
| Not available |  |
| &nbsp;&nbsp;&nbsp; Total bank equity capital | 1074035 |
| &nbsp;&nbsp;&nbsp; Noncontrolling (minority) interests in consolidated subsidiaries | 0 |
| Total equity capital | 1074035 |
| Total liabilities and equity capital | 1337285 |

---

I, Natalie Bobnar, CFO of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

Natalie Bobnar) CFO

We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

Elizabeth Lyndon, Managing Director) <br> Kevin C. Weeks, President) Directors (Trustees) <br> Fernando A. Costa, Managing Director)

------

## Ex-Filing

?xml version='1.0' encoding='ASCII'?

------

**Exhibit 107**

**Calculation of Filing Fee Tables** 

**Form S-3**

(Form Type)

**Otis Worldwide Corporation** 

**Highland Holdings S.à r.l.** 

(Exact Name of Registrants as Specified in their Charters)

**<u>Table 1—Newly Registered Securities and Carry Forward Securities</u>**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Security Type** | **Security Class Title** | **Fee Calculation or Carry Forward Rule** | **Amount Registered** | **Proposed Maximum Offering Price Per Unit** | **Maximum Aggregate Offering Price** | **Fee Rate** | &nbsp;&nbsp; **Amount of Registration Fee** | &nbsp;&nbsp; **Carry Forward Form Type** | &nbsp;&nbsp; **Carry Forward <br> File Number** | &nbsp;&nbsp; **Carry Forward Initial Effective Date** | **Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward** |
| &nbsp;&nbsp; **Newly Registered Securities** | &nbsp;&nbsp; **Newly Registered Securities** | &nbsp;&nbsp; **Newly Registered Securities** | &nbsp;&nbsp; **Newly Registered Securities** | &nbsp;&nbsp; **Newly Registered Securities** | &nbsp;&nbsp; **Newly Registered Securities** | &nbsp;&nbsp; **Newly Registered Securities** | &nbsp;&nbsp; **Newly Registered Securities** | &nbsp;&nbsp; **Newly Registered Securities** | &nbsp;&nbsp; **Newly Registered Securities** | &nbsp;&nbsp; **Newly Registered Securities** | &nbsp;&nbsp; **Newly Registered Securities** | &nbsp;&nbsp; **Newly Registered Securities** |
| &nbsp;&nbsp; **Otis Worldwide Corporation** | &nbsp;&nbsp; **Otis Worldwide Corporation** | &nbsp;&nbsp; **Otis Worldwide Corporation** | &nbsp;&nbsp; **Otis Worldwide Corporation** | &nbsp;&nbsp; **Otis Worldwide Corporation** | &nbsp;&nbsp; **Otis Worldwide Corporation** | &nbsp;&nbsp; **Otis Worldwide Corporation** | &nbsp;&nbsp; **Otis Worldwide Corporation** | &nbsp;&nbsp; **Otis Worldwide Corporation** | &nbsp;&nbsp; **Otis Worldwide Corporation** | &nbsp;&nbsp; **Otis Worldwide Corporation** | &nbsp;&nbsp; **Otis Worldwide Corporation** | &nbsp;&nbsp; **Otis Worldwide Corporation** |
| &nbsp;&nbsp; **Fees to Be Paid**  | Equity | Common Stock, par value $0.01 per share | Rule 456(b) and Rule 457(r) | (2) | (2) | (2) | (1)  | (1) |  |  |  |  |
| &nbsp;&nbsp; **Fees to be Paid**  | Debt | Debt Securities | Rule 456(b) and Rule 457(r) | (2) | (2) | (2) | (1) | (1) |  |  |  |  |
| &nbsp;&nbsp; **Fees to Be Paid**  | Equity | Preferred Stock, par value $0.01 per share | Rule 456(b) and Rule 457(r) | (2) | (2) | (2) | (1) | (1) |  |  |  |  |
| &nbsp;&nbsp; **Fees to Be Paid**  | Other(3) | Units(3) | Rule 456(b) and Rule 457(r) | (2) | (2) | (2) | (1) | (1) |  |  |  |  |
| &nbsp;&nbsp; **Fees to Be Paid**  | Other(4) | Warrants(4) | Rule 456(b) and Rule 457(r) | (2) | (2) | (2) | (1) | (1) |  |  |  |  |
| &nbsp;&nbsp; **Fees to Be Paid**  | Debt | Guarantees of Debt Securities of Highland Holdings S.à r.l. | Rule 456(b) and Rule 457(r) | (5) | N/A | N/A | (5) | (5) |  |  |  |  |
| &nbsp;&nbsp; **Fees Previously Paid**  | N/A | N/A | N/A | N/A | N/A | N/A |  | N/A |  |  |  |  |
| &nbsp;&nbsp; **Highland Holdings S.à r.l.** | &nbsp;&nbsp; **Highland Holdings S.à r.l.** | &nbsp;&nbsp; **Highland Holdings S.à r.l.** | &nbsp;&nbsp; **Highland Holdings S.à r.l.** | &nbsp;&nbsp; **Highland Holdings S.à r.l.** | &nbsp;&nbsp; **Highland Holdings S.à r.l.** | &nbsp;&nbsp; **Highland Holdings S.à r.l.** | &nbsp;&nbsp; **Highland Holdings S.à r.l.** | &nbsp;&nbsp; **Highland Holdings S.à r.l.** | &nbsp;&nbsp; **Highland Holdings S.à r.l.** | &nbsp;&nbsp; **Highland Holdings S.à r.l.** | &nbsp;&nbsp; **Highland Holdings S.à r.l.** | &nbsp;&nbsp; **Highland Holdings S.à r.l.** |
| &nbsp;&nbsp; **Fees to Be Paid**  | Debt | Debt Securities | Rule 456(b) and Rule 457(r) | (2) | (2) | (2) | (1) | (1) |  |  |  |  |
| &nbsp;&nbsp; **Fees Previously Paid**  | N/A | N/A | N/A | N/A | N/A | N/A |  | N/A |  |  |  |  |
| &nbsp;&nbsp; **Carry Forward Securities** | &nbsp;&nbsp; **Carry Forward Securities** | &nbsp;&nbsp; **Carry Forward Securities** | &nbsp;&nbsp; **Carry Forward Securities** | &nbsp;&nbsp; **Carry Forward Securities** | &nbsp;&nbsp; **Carry Forward Securities** | &nbsp;&nbsp; **Carry Forward Securities** | &nbsp;&nbsp; **Carry Forward Securities** | &nbsp;&nbsp; **Carry Forward Securities** | &nbsp;&nbsp; **Carry Forward Securities** | &nbsp;&nbsp; **Carry Forward Securities** | &nbsp;&nbsp; **Carry Forward Securities** | &nbsp;&nbsp; **Carry Forward Securities** |
| &nbsp;&nbsp; Carry Forward Securities  | N/A | N/A | N/A | N/A |  | N/A | N/A— |  | N/A | N/A | N/A | N/A |
|  | &nbsp;&nbsp; **Total Offering Amounts** | &nbsp;&nbsp; **Total Offering Amounts** | &nbsp;&nbsp; **Total Offering Amounts** | &nbsp;&nbsp; **Total Offering Amounts** |  | N/A |  | N/A |  |  |  |  |
|  | &nbsp;&nbsp; **Total Fees Previously Paid** | &nbsp;&nbsp; **Total Fees Previously Paid** | &nbsp;&nbsp; **Total Fees Previously Paid** | &nbsp;&nbsp; **Total Fees Previously Paid** |  |  |  | N/A |  |  |  |  |
|  | &nbsp;&nbsp; **Total Fee Offsets** | &nbsp;&nbsp; **Total Fee Offsets** | &nbsp;&nbsp; **Total Fee Offsets** | &nbsp;&nbsp; **Total Fee Offsets** |  |  |  | N/A |  |  |  |  |
|  | &nbsp;&nbsp; **Net Fee Due** | &nbsp;&nbsp; **Net Fee Due** | &nbsp;&nbsp; **Net Fee Due** | &nbsp;&nbsp; **Net Fee Due** |  |  |  | (1) |  |  |  |  |

---

(1) Otis Worldwide ("Otis") and Highland Holdings S.à r.l.("Highland") are relying on Rule 456(b) and Rule 457(r) under the Securities Act of 1933, as amended (the "Securities Act"), to defer payment of all of the registration fee. In connection with the securities offered hereby, Otis and Highland will pay "pay-as-you-go registration fees" in accordance with Rule 456(b). Otis and Highland will calculate the registration fee applicable to an offer of securities pursuant to this Registration Statement based on the fee payment rate in effect on the date of such fee payment.

(2) An unspecified aggregate initial offering price and number of securities of each identified class is being registered and may from time to time be offered at unspecified prices. The securities registered also include such unspecified amounts and numbers of common stock, preferred stock and debt securities as may be issued upon conversion of or exchange for preferred stock, debt securities or warrants or settlement of any units that provide for conversion or exchange or pursuant to the anti-dilution provisions of any such securities. Pursuant to Rule 416 under the Securities Act, this Registration Statement also covers additional shares of Otis' common stock which become issuable by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without the receipt of consideration which results in an increase in the number of the outstanding shares of common stock of Otis. Separate consideration may or may not be received for securities that are issuable on exercise, redemption, conversion, exchange or settlement of other securities or that are issued in units.

(3) Representing units that may consist of any combination of the other securities of Otis.

(4) Representing warrants to purchase shares of Otis' common stock and/or any of the other securities of Otis.

(5) Otis will fully and unconditionally guarantee the obligations of Highland under its debt securities. No separate consideration will be paid in respect of any such guarantees. Pursuant to Rule 457(n) of the Securities Act, no separate fee is payable with respect to the guarantees of the debt securities.

------