Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 223

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 223
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entities associated with Legence Holdings and the Blackstone Fund. See “Note 17—Related Party Transactions” and “Note 9—Debt” in the Notes to Consolidated Financial Statements for additional information.

Offering Proceeds

If the
underwriters exercise their option to purchase additional shares in full, the additional net proceeds to us and to Legence Parent II will be approximately $80.6 million and $18.9 million, respectively (in each case, based on an assumed
initial offering price of $27.00 per share, which is the midpoint of the price range set forth on the cover page of this prospectus), after deducting underwriting discounts and commissions. While Legence Parent II will retain proceeds received
as consideration for any such additional shares sold by it, we intend to contribute the $80.6 million of net proceeds received by us from the exercise of the option to Legence Holdings, in exchange for additional LGN Units being issued to Legence
Sub. Legence Holdings will use (i) approximately $30.8 million of such net proceeds to purchase LGN Units, together with an equal number of shares of Class B Common Stock, from Legence Parent at a purchase price per LGN Unit and share of Class B
Common Stock equal to the public offering price per share of Class A Common Stock in this offering, net of underwriting discounts and commissions and (ii) approximately $49.8 million of such net proceeds to repay additional outstanding borrowings
under the Term Loan Credit Facility. After giving effect to the Corporate Reorganization and the offering contemplated by this prospectus, Legence Parent will own an approximate 46% economic interest in Legence Holdings (or 44% if the
underwriters’ option to purchase additional shares is exercised in full and after giving effect to the application of the net proceeds therefrom).

Legence Holdings LLC Agreement

Legence, the Pubco Subsidiaries and Legence Parent, as the members of Legence Holdings, will hold the LGN Units and their interests therein and
rights as members will be governed by the Legence Holdings LLC Agreement. After giving effect to the Corporate Reorganization and the offering contemplated by this prospectus, Legence Parent will own an approximate 46% economic interest in Legence
Holdings (or 44% if the underwriters’ option to purchase additional shares is exercised in full and after giving effect to the application of the net proceeds therefrom). Under the Legence Holdings LLC Agreement, we