Company: LGN
Filing Date: 2025-08-25
Form Type: S-1/A
Source: 0001193125-25-186788
Chunk: 153

Company: Legence Corp.
Filing Date: 2025-08-25
Form: S-1/A
Chunk 153
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 Agreement will not be available for reinvestment in Legence Holdings (or indirectly, its business) and generally will reduce the amount of overall cash flow that might have otherwise been available to us. We expect to fund the required payments under the Tax Receivable Agreement with our actual cash tax savings generated by the exchanges of LGN Units in the UP-Cstructure. Our ability to satisfy our long-term liquidity requirements depends on our future operating performance, which is affected by and subject to prevailing economic conditions, market conditions in our industry and financial, business and other factors that we will not be able to predict or control. The term of the Tax Receivable Agreement will commence upon the completion of this offering and will continue until all such tax benefits have been utilized or expired and all required payments are made, unless we exercise our right to terminate the Tax Receivable Agreement (or the Tax Receivable Agreement is terminated due to other circumstances, including our breach of a material obligation thereunder or certain mergers or other changes of control) by making the termination payment specified in the agreement. Material Cash Requirements As of December 31, 2024, our material cash requirements primarily consist of obligations under our lease arrangements and financing arrangements. These obligations and their expected timing on future cash flows and liquidity are summarized within “Note 8—Leases” and “Note 9—Debt” in the Notes to Consolidated Financial Statements, respectively (dollars in thousands).

| Contractual Obligations and                                          
 Commitments                                                          |     | Payment Due by Period 
 Total                 |           |     | Less than One 
 Year          |         |     | One to Three 
 Years        |         |     | Four to Five 
 Years        |           |
|:---------------------------------------------------------------------|:----|:----------------------|----------:|:----|:--------------|--------:|:----|:-------------|--------:|:----|:-------------|----------:|
| Debt(1)                                                              |     | $                     | 1,617,433 |     | $             |  20,436 |     | $            |  44,827 |     | $            | 1,552,170 |
| Interest on debt(2)                                                  |     |                       |   491,061 |     |               | 126,657 |     |              | 247,617 |     |              |   116,787 |
| Operating lease obligations                                          |     |                       |    93,610 |     |               |  20