Company: LGN
Filing Date: 2025-11-03
Form Type: DRS
Source: 0001193125-25-262782
Chunk: 129

Company: Legence Corp.
Filing Date: 2025-11-03
Form: DRS
Chunk 129
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 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 reported First Lien Net Leverage Ratio. As of June 30, 2025 and December 31, 2024, the rate
for the unused portion of the Revolving Credit Facility was 0.50% and 0.375%, respectively.

On and after December 16, 2020 until
February 6, 2025, (a) SOFR loans under the Term Loan Credit Facility bore interest at a rate equal to SOFR plus a margin of either 2.75%, 3.00% or 3.25%, which margin is determined based on the company’s most recently reported
Consolidated First Lien Net Leverage Ratio (the “First Lien Net Leverage Ratio”), generally defined as the ratio of first lien secured indebtedness (net of cash) to consolidated pro forma adjusted EBITDA for the preceding four fiscal
quarters, and (b) base rate loans under the Term Loan Credit Facility bore interest at a rate equal to either 1.75%, 2.00% or 2.25%, which margin was determined based on the company’s most recently reported First Lien Net Leverage Ratio,
plus the base rate. On and after December 16, 2020 until the effectiveness of Amendment No. 11, SOFR loans under the Revolving Credit Facility bore interest at a rate equal to SOFR plus 3.50%, 3.75% or 4.00%, which margin was determined
based on the company’s most recently reported First Lien Net Leverage Ratio. On February 6, 2025, Legence Holdings amended the Credit Agreement to reduce the interest margin applicable to the term loans by 0.25% across all pricing levels
and extend the maturity date applicable to the Term Loan Credit Facility by one year from December 16, 2027 to December 16, 2028. The amendment also removed the 0.10% credit spread adjustment applicable to borrowings of term loans that are
SOFR loans.

Our First Lien Net Leverage Ratio was 5.77, 6.06, 4.43 and 5.94 as of June 30, 2025, December 31, 2024,
December 31,