Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 112

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 112
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 constant combined federal and state corporate tax rate of 26.41%; (iii) we will have sufficient taxable income to fully utilize the tax benefits; and (iv) no material changes in tax law. These amounts are estimates and have been prepared for informational purposes only. The actual amount of deferred tax assets and related non-currentliabilities that we will recognize as a result of any such future exchanges will differ based on, among other things: (i) the amount and timing of future exchanges of LGN Units by LGN Unit Holders (including any LGN Units issued upon conversion of vested Series A Profits Interests), and the extent to which such exchanges are taxable; (ii) the price per share of our Class A Common Stock at the time of the exchanges; (iii) the amount and timing of future income against which to offset the tax benefits; and (iv) the tax rates then in effect.

| d) | Represents (i) the net proceeds of approximately $636.9 million based on an assumed initial public                                                                                                                                                 
 offering price of $27.00 per share, which is the midpoint of the estimated offering price range set forth on the cover page of this prospectus, after deducting assumed underwriting discounts and commissions and estimated offering expenses (or 
 $717.5 million if the underwriters exercise in full their option to purchase additional shares of Class A Common Stock), (ii) an incremental $17.2 million of proceeds estimated to be received from the offering related to capitalized           
 direct offering costs paid as of June 30, 2025, (iii) the related use of $654.0 million of the proceeds to repay outstanding indebtedness under our Term Loan Credit Facility, as will be determined prior to the offering, and                    
 $0.1 million of the proceeds for general corporate purposes as described in “Use of Proceeds” and (iv) the write-off of $5.0 million of the related proportional value of the unamortized debt issuance costs as of June 30, 2025                  
 recognized as a loss on debt extinguishment.                                                                                                                                                                                                       |

The reduction to long-term debt as of June 30, 2025 is comprised of the following:

| Net proceeds to Legence                                                                   |     | $ | 636,933 |   |
| Incremental cash proceeds related to capitalized direct offering expenses previously paid |     |   |  17,169 |   |
| Net proceeds used for general corporate purposes                                          |     |   |    (102 | )