Company: LGN
Filing Date: 2025-11-03
Form Type: DRS
Source: 0001193125-25-262782
Chunk: 128

Company: Legence Corp.
Filing Date: 2025-11-03
Form: DRS
Chunk 128
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 party thereto, Jefferies Finance LLC, as administrative agent and the other parties from time to time party thereto, which provided for (a) a term loan credit
facility having 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 $798.0 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 matures 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 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-month
SOFR 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