Company: LGN
Filing Date: 2025-11-03
Form Type: DRS
Source: 0001193125-25-262782
Chunk: 17

Company: Legence Corp.
Filing Date: 2025-11-03
Form: DRS
Chunk 17
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 companies that operate in attractive international markets.                                                    |

Recent Developments Initial Public Offering On September 15, 2025, we completed our IPO, in which we issued and sold 29,487,627 shares of our Class A Common Stock (including the partial exercise of the underwriters’ overallotment option) at a public offering price of $28.00 per share. We received net proceeds of approximately $780.2 million from sales of shares of Class A Common Stock in the IPO, after deducting underwriting discounts and commissions. We indirectly contributed all of the net proceeds from the IPO to Legence Holdings in exchange for LGN Units that were issued to Legence Sub. Legence Holdings used approximately $773.0 million of the net proceeds from the IPO to repay amounts outstanding under the Term Loan Credit Facility. A portion of the proceeds was used to pay fees and expenses in connection with the IPO. The remaining net proceeds were used for general corporate purposes. Credit Facility Amendments On September 8, 2025, Legence Holdings and certain of its subsidiaries entered into Amendment No. 10 to the Credit Agreement to, amongst other things, revise the Credit Agreement to facilitate the Corporate Reorganization. On October 30, 2025, Legence Holdings and certain of its subsidiaries entered into Amendment No. 11 to the Credit Agreement, to, amongst other things, refinance and replace Legence Holdings’ then-existing (i) $798.0 million Term Loan Credit Facility with a $798.0 million Term Loan Credit Facility that extended the maturity date by three years to December 16, 2031 and reduced its applicable interest rate by 25 basis points to the Secured Overnight Financing Rate (“SOFR”) plus 2.25% and (ii) $90.0 million Revolving Credit Facility with a $200.0 million Revolving Credit Facility that extended its maturity date by approximately four years to September 22, 2030 and set its applicable interest rate at SOFR plus 2.25%, in alignment with the Term Loan Credit Facility. Principal Stockholders Blackstone (NYSE: BX) is one of the world’s leading investment firms. Blackstone’s alternative asset management businesses include the management of corporate private equity funds, real estate funds, hedge fund solutions, credit-oriented funds and closed-end mutualfunds. Through its different businesses, Blackstone had total assets under management of over $1.2 trillion as of September 30, 2025. Corporate Information Our principal executive offices are located