Company: LGN
Filing Date: 2025-04-30
Form Type: DRS/A
Source: 0000950123-25-003868
Chunk: 143

Company: Legence Corp.
Filing Date: 2025-04-30
Form: DRS/A
Chunk 143
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BITDA 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 7.96%, 8.96% and 8.13% as of December 31, 2024,
December 31, 2023 and December 31, 2022, respectively.

Legence Holdings can also elect for advances, including standby letters
of credit, under the Revolving Credit Facility to be treated as either SOFR loans or base rate loans. SOFR loans bear interest at a rate equal to SOFR plus 3.50%, 3.75% or 4.00%, which margin is determined based on the company’s most recently
reported First Lien Net Leverage Ratio. SOFR loans are subject to a floor of 0%. Interest on SOFR loans is payable (a) based on the selected interest period if such interest period is less than three months or (b) quarterly if the selected
interest period is three months or longer. Base rate loans bear interest at a rate equal to 2.50%, 2.75% or 3.00%, which margin is determined based on the company’s most recently reported First Lien Net Leverage Ratio, plus the base rate.
Interest on base rate loans is payable quarterly. In addition, a commitment fee is payable quarterly for the unused portion of the Revolving Credit Facility, which accrues at an annual rate of 0.375% or 0.50%, which rate is determined based on the
company’s most recently reported First Lien Net Leverage Ratio. As of December 31, 2024, the rate for the unused portion of the Revolving Credit Facility was 0.375%.

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.

95

Confidential Treatment Requested by Legence Corp.

Pursuant to 17 C.F.R. Section 200.83

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