Company: LGN
Filing Date: 2025-08-15
Form Type: S-1
Source: 0001193125-25-181698
Chunk: 337

Company: Legence Corp.
Filing Date: 2025-08-15
Form: S-1
Chunk 337
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| Interest rate swap instruments |     | $             |      — |     | $       | 1,840 |     | $       | — |

F-80

Legence Holdings LLC and Subsidiaries Notes to Condensed Consolidated Financial Statements—(Continued) (Unaudited)

|                                |     | December 31, 2024 |        |     |         |       |     |         |   |
|:-------------------------------|:----|:------------------|-------:|:----|:--------|------:|:----|:--------|:--|
|                                |     | Level 1           |        |     | Level 2 |       |     | Level 3 |   |
| Assets:                        |     |                   |        |     |         |       |     |         |   |
| Cash equivalents—money market  |     | $                 | 49,217 |     | $       |     — |     | $       | — |
| Interest rate swap instruments |     | $                 |      — |     | $       | 9,248 |     | $       | — |
| Liabilities:                   |     |                   |        |     |         |       |     |         |   |
| Interest rate swap instruments |     | $                 |      — |     | $       |   137 |     | $       | — |

The carrying value of Cash approximates fair value due to its short-term nature. Interest Rate Swap Instruments:Additional derivative instrument disclosures for the Company’s interest rate swaps can be found in “ Note 9—Derivatives.” For determining the fair value of the interest rate swap contracts, the Company uses significant observable market data or assumptions (Level 2 inputs) that market participants would use in pricing similar assets or liabilities, including assumptions about counterparty risk. The fair value estimates reflect an income approach based on the terms of the interest rate swap contracts and inputs corroborated by observable market data, including interest rate curves. Financial Instruments Not Carried at Fair Value:The table below shows the fair value and carrying value of the term loan and promissory notes (a component of notes payable) included in Total debt as shown in “ Note 7—Debt” (in thousands):

|                  |     |            | June 30, 2025 |     |                |           |     |            | December 31, 2024 |     |                |           |
|:-----------------