Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 220

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 220
---
 any proceeds from the sale of additional shares by the selling stockholder. 158

Offering Only Class A Common Stock will be sold to investors pursuant to this offering. Immediately following this offering, there will be 54,998,880 shares of Class A Common Stock issued and outstanding and 46,704,823 shares of Class A Common Stock reserved for exchanges of LGN Units (and the cancellation of the corresponding shares of Class B Common Stock pursuant to the Legence Holdings LLC Agreement). We estimate that our net proceeds from this offering, after deducting estimated underwriting discounts and commissions and other offering-related expenses, will be approximately $636.9 million. We intend to contribute all of the net proceeds of this offering (not including the exercise of the underwriters’ option to purchase additional shares) to Legence Holdings in exchange for LGN Units. Legence Holdings intends to use approximately $636.8 million for the repayment of outstanding borrowings under our Term Loan Credit Facility and the remaining proceeds for general corporate purposes. “Use of Proceeds” contains more information. As a result of the Corporate Reorganization and the offering described above (and prior to any exchanges of LGN Units):

| • |     | the investors in this offering will collectively own 26,000,000 shares of Class A Common Stock (or                                                  
 29,900,000 shares of Class A Common Stock if the underwriters exercise in full their option to purchase additional shares of Class A Common Stock); |

| • |     | the Existing Owners will, through their ownership of each of the Aggregators, hold                                                                                                                                                              
 (i) 28,998,880 shares of Class A Common Stock and (ii) 46,704,823 shares of Class B Common Stock and a corresponding number of LGN Units (or (i) 28,256,688 shares of Class A Common Stock and (ii) 45,497,015 shares of                        
 Class B Common Stock and a corresponding number of LGN Units if the underwriters exercise in full their option to purchase additional shares of Class A Common Stock and after giving effect to the application of the net proceeds therefrom); |

| • |     | the investors in this offering will collectively hold 26% of the voting power in us (or 29% if the underwriters                                                    
 exercise in full their option to purchase additional shares of Class A Common Stock and after giving effect to the application of the net proceeds therefrom); and |

| • |     | the Existing Owners will,