Company: LGN
Filing Date: 2025-12-09
Form Type: S-1
Source: 0001193125-25-312729
Chunk: 135

Company: Legence Corp.
Filing Date: 2025-12-09
Form: S-1
Chunk 135
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 an original aggregate principal amount of $390.0 million, (b) a delayed draw term loan credit facility having an original aggregate principal amount of $75.0 million and (c) a revolving credit facility having an original aggregate commitment amount of $65.0 million. On October 30, 2025, Legence Holdings and certain of its subsidiaries amended the Credit Agreement (“Amendment No. 11”) to, amongst other things, refinance and replace the then-existing credit facilities with (i) a $797.8 million Term Loan Credit Facility with a maturity date of December 16, 2031 and (ii) $200.0 million Revolving Credit Facility with a maturity date of September 22, 2030. The obligations under the Credit Agreement are secured by substantially all assets of Legence Holdings and its subsidiaries, subject to customary exclusions. Prior to the effectiveness of Amendment No. 11, the maturity date of the Term Loan Credit Facility was December 16, 2028, and the maturity date of the Revolving Credit Facility was December 16, 2026. Legence Holdings can elect for borrowings of term loans and advances under the Revolving Credit Facility (including standby letters of credit) to be classified as either SOFR loans or base rate loans. Following the effectiveness of Amendment No. 11, loans under the Term Loan Credit Facility and the Revolving Credit Facility bear interest at a rate equal to (x) for SOFR loans, SOFR plus a margin of 2.25% and (y) for base rate loans, a margin of 1.25% plus the base rate, which is equal to the greater of (a) the federal funds rate plus 0.50%, (b) the prime rate and (c) one-monthSOFR plus 1.00%. SOFR loans are subject to a floor of (x) 0.75% under the Term Loan Credit Facility and (y) 0% under the Revolving Credit Facility. Interest on SOFR loans is payable (a) based on the selected interest period if such interest period is less than three months or (b) quarterly if the selected interest period is three months or longer. Interest on base rate loans is payable quarterly. In addition, a commitment fee is payable quarterly for the unused portion of the Revolving Credit Facility, which accrues at an annual rate of 0.375% or 0.50%, which rate is determined based on the company’s most recently