Company: LGN
Filing Date: 2025-12-09
Form Type: S-1
Source: 0001193125-25-312729
Chunk: 137

Company: Legence Corp.
Filing Date: 2025-12-09
Form: S-1
Chunk 137
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 $214.2 million and $172.5 million as of September 30, 2025,
December 31, 2024, December 31, 2023 and December 31, 2022, respectively. The Credit Agreement defines consolidated pro forma adjusted EBITDA differently than Adjusted EBITDA described herein. The Credit Agreement allows us to make
certain adjustments in calculating consolidated pro forma adjusted EBITDA, some of which are not included in the calculation of Adjusted EBITDA described herein. The interest rate applicable to the term loans was 7.32%, 7.96%, 8.96% and 8.13% as of
September 30, 2025, December 31, 2024, December 31, 2023 and December 31, 2022, respectively. As of September 30, 2025 and December 31, 2024, there were approximately $5.2 million in standby letters of credit
outstanding, with such letters of credit accruing fees at an annual rate equal to 3.88% and 3.75%, respectively. The remaining $84.8 million of revolving credit commitments then in effect were undrawn. There were no borrowings under the
Revolving Credit Facility as of September 30, 2025, December 31, 2024 or December 31, 2023.

On August 5, 2021,
Legence Holdings secured an incremental commitment amount under the Revolving Credit Facility of $25.0 million, thereby increasing the aggregate commitment amount from $65.0 million to $90.0 million.

On October 28, 2021, Legence Holdings secured a $370.0 million incremental term loan, and a $71.7 million delayed draw term
loan, and the proceeds were used to fund acquisition-related payments.

On February 27, 2023, Legence Holdings amended the Credit
Agreement to transition from the usage of LIBOR to SOFR, which included the addition of a 0.10% credit spread adjustment for borrowings of term loans or delayed draw term loans that are SOFR loans.

On July 31, 2023, Legence Holdings secured a $155.0 million incremental term loan, and the proceeds were used to fund
acquisition-related payments.

On January 19, 2024, Legence Holdings secured a $125.0 million incremental term loan, and the