Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 113

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 113
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| Write-off of debt issuance costs related to repayment of indebtedness                     |     |   |  (5,036 | ) |
| Total adjustment to Long-term debt                                                        |     | $ | 648,964 |   |

3. Notes to Unaudited Pro Forma Condensed Consolidated Statement of Operations Transaction accounting adjustments include the following adjustments related to the unaudited pro forma condensed consolidated statement of operations for the six months ended June 30, 2025 and the year ended December 31, 2024, as follows: Adjustments related to the Corporate Reorganization and Offering Transactions

| e) | Following the Corporate Reorganization, Legence will be subject to U.S. federal income taxes, in addition to 
 state and local taxes. As a result, the unaudited pro forma condensed consolidated statement                 |

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| of operations reflects an adjustment to our taxes assuming the federal rates currently in effect and the highest statutory rates apportioned to each state and local jurisdiction. |

| f) | As described in “Corporate Reorganization,” upon completion of the Corporate Reorganization,                                                                                                                                                           
 Legence will become the managing member of Legence Holdings. As a result of the Corporate Reorganization, Legence will initially own (including through the Pubco Subsidiaries) approximately 38% of the economic interest in Legence Holdings and the 
 ownership percentage held by noncontrolling interests will be approximately 62%. Immediately following the completion of this offering, the ownership percentage held by Legence (including through the Pubco Subsidiaries) and by noncontrolling      
 interests will be approximately 54% and 46%, respectively. Net earnings attributable to the noncontrolling interests will represent 46% of net earnings before income taxes. These amounts have been determined based on an assumption that the        
 underwriters’ option to purchase additional shares is not exercised. If the underwriters’ option to purchase additional shares is exercised in full and after giving effect to the application of the net proceeds therefrom, the ownership            
 percentage held by the noncontrolling interest would decrease to 44%.                                                                                                                                                                                  |

| g) | Reflects (i) the reduction in interest expense as a result of the repayment of a portion of the outstanding                                                                                                                                          
 indebtedness under our Term Loan Credit Facility, as described in “Use of Proceeds,” as if such repayment occurred on January 1, 2024, (ii) a reduction in contractual interest expense reflecting a 25 basis-point decrease in interest             
 rates upon