Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 308

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 308
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 the lessee. The Company has short-term leases ranging in terms of 12 months or less. The majority of the Company’s short-term leases relate to facilities and equipment used on construction projects. Construction equipment leases are generally entered into at agreed upon hourly, daily, weekly, or monthly rental rates for an unspecified duration and typically have a termination for convenience provision. Such leases are considered short-term in nature unless it is reasonably certain that they will be leased for a period greater than 12 months. The below tables present information for lease positions, lease expense, cash flow and other information, and maturity of lease liabilities. F-40

Legence Holdings LLC and Subsidiaries Notes to Consolidated Financial Statements Lease position:Supplemental balance sheet information related to operating and finance leases was as follows (in thousands):

| Finance leases                           
 Assets                                   |     | Balance Sheet Classification |                                   |     | December 31, 
 2024         |       |   |     | 2023 |       |   |
|:-----------------------------------------|:----|:-----------------------------|:----------------------------------|:----|:-------------|------:|:--|:----|:-----|------:|:--|
| Finance lease assets                     |     |                              | Property and equipment, net       |     | $            | 7,444 |   |     | $    | 5,169 |   |
| Liabilities                              |     |                              |                                   |     |              |       |   |     |      |       |   |
| Current finance lease liabilities        |     |                              | Current portion of long-term debt |     | $            | 2,548 |   |     | $    | 1,717 |   |
| Long-term finance lease liabilities      |     |                              | Long-term debt, net of current    
 portion                           |     |              | 4,668 |   |     |      | 3,221 |   |
| Total finance lease liabilities          |     |                              |                                   |     | $            | 7,216 |   |     | $    | 4,938 |   |
| Weighted-average remaining lease term in 
 years:                                   |     |                              |                                   |     |              |       |   |     |      |       |   |
| Operating leases—related parties         |     |                              |                                   |     |              |   6.3 |   |     |      |   7.4 |   |
| Operating