Company: LGN
Filing Date: 2025-11-03
Form Type: DRS
Source: 0001193125-25-262782
Chunk: 130

Company: Legence Corp.
Filing Date: 2025-11-03
Form: DRS
Chunk 130
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2023 and December 31, 2022, respectively. Our consolidated pro forma adjusted EBITDA, as defined in the Credit Agreement, was $257.3 million, $248.9 million, $214.2 million and $172.5 million as of
June 30, 2025, December 31, 2024, December 31, 2023 and December 31, 2022, respectively. The Credit Agreement defines consolidated pro forma adjusted EBITDA differently than Adjusted EBITDA described herein. The Credit Agreement
allows us to make certain adjustments in calculating consolidated pro forma adjusted EBITDA, some of which are not included in the calculation of Adjusted EBITDA described herein. The interest rate applicable to the term loans was 7.58%, 7.96%,
8.96% and 8.13% as of June 30, 2025, December 31, 2024, December 31, 2023 and December 31, 2022, respectively. As of June 30, 2025 and December 31, 2024, there were approximately $5.2 million in standby letters of
credit outstanding, with such letters of credit accruing

88

Confidential Treatment Requested by Legence Corp.

Pursuant to 17 C.F.R. Section 200.83

fees at an annual rate equal to 3.88% and 3.75%, respectively. The remaining $84.8 million of revolving credit commitments then in effect were undrawn. There were no borrowings under the
Revolving Credit Facility as of June 30, 2025, December 31, 2024 or December 31, 2023.

On August 5, 2021, Legence
Holdings secured an incremental commitment amount under the Revolving Credit Facility of $25.0 million, thereby increasing the aggregate commitment amount from $65.0 million to $90.0 million.

On October 28, 2021, Legence Holdings secured a $370.0 million incremental term loan, and a $71.7 million delayed draw term
loan, and the proceeds were used to fund acquisition-related payments.

On February 27, 2023, Legence Holdings amended the Credit
Agreement to transition from the usage of LIBOR to SOFR, which included the addition of a 0.10% credit spread adjustment for borrowings of term loans or