Company: LGN
Filing Date: 2025-08-15
Form Type: S-1
Source: 0001193125-25-181698
Chunk: 333

Company: Legence Corp.
Filing Date: 2025-08-15
Form: S-1
Chunk 333
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 fiscal quarters), with a SOFR floor of 0.75%, plus a 0.10% credit spread adjustment. After the amendment, SOFR rate loans bear interest at SOFR plus 2.75% to 3.25% with a SOFR floor of 0.75%, with no credit spread adjustment. 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. Prior to the amendment, base rate loans bore interest at 2.25% to 2.75% 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%, plus a 0.10% credit spread adjustment. As a result of the amendment, the interest was reduced to 1.75% to 2.25% plus the base rate, with no credit spread adjustment. Interest on base rate loans is payable quarterly. Advances under the term loan agreement may be elected to be treated as either SOFR rate loans or base rate loans. For the three and six months ended June 30, 2025, the term loan was treated as a SOFR rate loan. As of June 30, 2025, principal payments on the term loans of $4.1 million are payable quarterly, with any remaining principal balance due on December 16, 2028. The Company may also be required to make additional principal payments based on its excess cash flow, as defined in the agreement. F-78

Legence Holdings LLC and Subsidiaries

Notes to Condensed Consolidated Financial Statements—(Continued)

(Unaudited)

The term loan contains customary representations and warranties and customary events of default, as well as
certain affirmative and negative covenants. The Company is in compliance with the financial covenants as of June 30, 2025.

Revolving line of credit

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