Company: LGN
Filing Date: 2025-05-14
Form Type: DRS/A
Source: 0000950123-25-005247
Chunk: 139

Company: Legence Corp.
Filing Date: 2025-05-14
Form: DRS/A
Chunk 139
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 in 2022.

94

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83 Debt Debt obligations consist of the following (dollars in thousands):

|                                                     |     | As of        
 December 31, 
 2024         |           |   |
|:----------------------------------------------------|:----|:-------------|----------:|:--|
| Term loan                                           |     | $            | 1,590,350 |   |
| Notes payable                                       |     |              |    27,083 |   |
| Finance lease liabilities                           |     |              |     7,216 |   |
| Total Debt                                          |     | $            | 1,624,649 |   |
| Less: Current portion                               |     |              |   (22,984 | ) |
| Less: Unamortized debt issuance costs and discounts |     |              |   (15,819 | ) |
| Long-term debt                                      |     | $            | 1,585,846 |   |

The ensuing summary and discussion are not a complete description of all of the terms of our significant debt instruments. Please refer to “Note 9—Debt” and “Note 17—Related Party Transactions” in the Notes to Consolidated Financial Statements for further information. Credit Agreement On December 16, 2020, Legence Intermediate and Legence Holdings entered into that certain Credit Agreement, by and among, Legence Intermediate, as holdings, Legence Holdings, as the borrower, the guarantors from time to time party thereto, Jefferies Finance LLC, as administrative agent and the other parties from time to time party thereto, which provides for (a) the Term Loan Credit Facility having an original aggregate principal amount of $390.0 million, (b) the Delayed Draw Term Loan Credit Facility having an original aggregate principal amount of $75.0 million and (c) the Revolving Credit Facility having an original aggregate commitment amount of $65.0 million. The obligations under the Credit Agreement are secured by substantially all assets of Legence Holdings and its subsidiaries, subject to customary exclusions. The Term Loan Credit Facility and the Delayed Draw Term Loan Credit Facility mature on December 16, 2028, and the Revolving Credit Facility matures on December 16, 2026. Legence Holdings can elect for borrowings of term loans (including delayed draw term loans) to be classified as either SOFR loans