Company: LGN
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0002052568-25-000018
Chunk: 151

Company: Legence Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 151
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) recognized in AOCI172(14,630)(3,618)2,207Gain reclassified from AOCI to Interest expense(1,457)(7,513)(5,938)(21,843)Other comprehensive loss(1,285)(22,143)(9,556)(19,636)Ending balance(445)2,530 (445)2,530 Noncontrolling interests(197)— (197)— Accumulated (loss) gain in AOCI$(248)$2,530 $(248)$2,530 For the three and nine months ended September 30, 2025 and 2024, there was no ineffectiveness recognized in earnings.The following table provides additional details related to the interest rate swap agreements that were in effect as of September 30, 2025 (notional in thousands):

29

Legence Corp.Notes to Condensed Consolidated Financial Statements - (Continued)(Unaudited)

Effective Date (1)Maturity DateNotional Amount (2)Fixed Interest Rate (3)February 28, 2023December 31, 2026$337,5003.4396%February 28, 2023December 31, 2026$337,5003.3750%January 31, 2024December 31, 2026$110,000 — $140,0004.0433%December 31, 2026December 31, 2027$200,0003.2480%December 31, 2026December 31, 2027$200,0003.2480%(1)The interest rate swaps with effective dates of December 31, 2026 were added during July 2025 and are not included in the notional amount as of September 30, 2025.(2)For interest rate swaps with ranges, the notional amount is $140,000 from January 31, 2024 to September 14, 2025 and $110,000 from September 15, 2025 to December 31, 2026, due to a $30.0 million reduction in notional amount in connection with the debt prepayment on September 15, 2025.(3)Payments will be made to the Company if the one-month SOFR exceeds the fixed interest rates for the respective interest rate swaps.The following table provides additional details related to the interest rate swap agreements that were in effect as