Company: LGN
Filing Date: 2025-04-30
Form Type: DRS/A
Source: 0000950123-25-003868
Chunk: 141

Company: Legence Corp.
Filing Date: 2025-04-30
Form: DRS/A
Chunk 141
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 2024 compared to 2023. The increase is primarily attributable to a $410.0 million increase in proceeds from borrowings, partially offset by the $300.1 million increase in the cash distributions to Legence Parent and the $27.0 million increase in the payment of contingent earnouts from acquisitions. Cash flows provided by financing activities decreased by $45.3 million during 2023 compared to 2022. The decrease is primarily attributable to a $41.2 million decrease in proceeds from issuance of membership units, as membership units were issued for cash in 2022. 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 |   |

94

Confidential Treatment Requested by Legence Corp.

Pursuant to 17 C.F.R. Section 200.83

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