Company: LGN
Filing Date: 2025-08-15
Form Type: S-1
Source: 0001193125-25-181698
Chunk: 303

Company: Legence Corp.
Filing Date: 2025-08-15
Form: S-1
Chunk 303
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 as of December 31, 2023. The promissory notes have a
range of stated interest rates from 5.5 – 6% and maturities ranging from 2025 to 2028, at which time all principal and interest are due. The promissory note related to SC Engineers requires the Company to repay all principal and interest
earlier if the Company undergoes a change of control as defined in the note agreement.

The Company also financed certain insurance-related payments. As
of December 31, 2024 and 2023, the outstanding balance is $2.1 million with an interest rate of 8.5% and $2.2 million with an interest rate of 8.4%, respectively. The outstanding balance is included in Current portion of long-term
debt.

F-45

Legence Holdings LLC and Subsidiaries Notes to Consolidated Financial Statements Finance leases See “ Note 8—Leases” for information on finance leases. Note 10—Fair Value Measurements The Company recognizes certain financial assets and liabilities at fair value on a recurring basis following the fair value hierarchy detailed in “ Note 2—Summary of Significant Accounting Policies”. The following table presents the input level used to determine the fair value of the financial instruments measured at fair value on a recurring basis (in thousands):

|                                |     | December 31, 2024 |        |     |         |       |     |         |   |
|:-------------------------------|:----|:------------------|-------:|:----|:--------|------:|:----|:--------|:--|
|                                |     | Level 1           |        |     | Level 2 |       |     | Level 3 |   |
| Assets:                        |     |                   |        |     |         |       |     |         |   |
| Cash equivalents—money market  |     | $                 | 49,217 |     | $       |     — |     | $       | — |
| Interest rate swap instruments |     | $                 |      — |     | $       | 9,248 |     | $       | — |
| Liabilities:                   |     |                   |        |     |         |       |     |         |   |
| Interest rate swap instruments |     | $                 |      — |     | $       |   137 |     | $       | — |

|                                               |     | December 31,