Company: LGN
Filing Date: 2025-07-15
Form Type: DRS/A
Source: 0000950123-25-006399
Chunk: 343

Company: Legence Corp.
Filing Date: 2025-07-15
Form: DRS/A
Chunk 343
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 31, 2025 and December 31, 2024, total guarantees were $297.5 million and $308.2 million, respectively. Historically, the Company has not incurred material losses in connection with these guarantees. Further, management is not aware of any changes in the ability of the Company to meet these guarantees and does not expect to incur significant losses related to these guarantees in the foreseeable future. Letters of Credit As discussed in “ Note 7- Debt,” the standby letters of credit are secured through the revolving line of credit. As of both March 31, 2025 and December 31, 2024, the Company had $5.2 million in standby letters of credit primarily related to the deductibles of insurance policies. Note 15—Other Financial Information Accounts receivable, net consists of the following (in thousands):

|                           |     |   | March 31, 2025 |     |   | December 31, 2024 |
|:--------------------------|:----|:--|---------------:|:----|:--|------------------:|
| Contracts receivable, net |     | $ |        410,948 |     | $ |           441,109 |
| Accounts receivable—other |     |   |          5,664 |     |   |             7,501 |
| Accounts receivable, net  |     | $ |        416,612 |     | $ |           448,610 |

F-86

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83 Legence Holdings LLC and Subsidiaries Notes to Condensed Consolidated Financial Statements—(Continued) (Unaudited) Prepaid expenses and other current assets consists of the following (in thousands):

|                                           |     |   | March 31, 2025 |     |   | December 31, 2024 |
|:------------------------------------------|:----|:--|---------------:|:----|:--|------------------:|
| Interest rate swaps                       |     | $ |          3,388 |     | $ |             5,861 |
| Prepaid expenses                          |     |   |         18,128 |     |   |            18,909 |
| Inventories                               |     |   |         10,995 |     |   |            10,247 |
| Deferred contract costs                   |     |