Company: LGN
Filing Date: 2025-02-14
Form Type: DRS
Source: 0000950123-25-002471
Chunk: 263

Company: Legence Corp.
Filing Date: 2025-02-14
Form: DRS
Chunk 263
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 flow hedge.

On June 18, 2024, Legence Holdings LLC secured a $125.0 million incremental term loan, and the proceeds were used to fund acquisition-related
payments.

On November 21, 2024, Legence Holdings LLC secured a $315.0 million incremental term loan, and the proceeds were primarily used to
return Parent contributions.

On February 6, 2025, the Company amended the credit agreement to reduce the interest rate and extend the maturity date
on the term loan from December 16, 2027 to December 16, 2028.

Revolving line of credit

The Company has a revolving line of credit with Jefferies as the administrative agent for a group of lenders, up to $90.0 million. As of December 31,
2023, the maturity date for the revolving line of credit was December 16, 2025. On November 21, 2024, the maturity date for the revolving line of credit was extended to December 16, 2026. Borrowings under the line of credit are
secured by substantially all the assets of the Company.

On February 27, 2023, the Company amended the revolving line of credit agreement to
transition from LIBOR to SOFR.

Advances, including standby letters of credit, under the revolving line of credit may be elected to be treated as either
SOFR rate loans or base rate loans. SOFR rate loans bear interest at SOFR plus 3.50% to 4.00% based on the Company’s Net Leverage Ratio, with a SOFR floor of 0%, and base rate loans bear interest at 2.50% to 3.00% plus the base rate, which is
the highest of (a) the federal funds rate plus 0.50%, (b) the prime rate and (c) the SOFR rate for one month plus 1.00%. Interest on base rate loans is payable quarterly. Interest on SOFR rate loans is payable based on the selected
interest period if less than three months or quarterly if the selected interest period is three months or longer. In addition, a revolver commitment fee is payable quarterly for the unused portion of the revolver at a rate of 0.38% to 0.50% based on
the Company’s Net Leverage Ratio. As of December 31, 2023, the rate for the unused portion of the revolver is 0.38%. The revolving