Company: LGN
Filing Date: 2025-12-09
Form Type: S-1
Source: 0001193125-25-312729
Chunk: 98

Company: Legence Corp.
Filing Date: 2025-12-09
Form: S-1
Chunk 98
---
 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

61

No. 11 to the Credit Agreement, to, amongst other things, refinance and replace Legence Holdings’ then-existing (i) $797.8 million Term Loan Credit Facility with a $797.8 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 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. Disaggregation of Revenue The contribution to our revenue by building type and client end market is as follows (dollars in thousands):

|                             |     | Three Months Ended September 30, |      2024 |     |   |       |   |     |      |      2025 |     |   |       |   |
|:----------------------------|:----|---------------------------------:|----------:|:----|:--|------:|:--|:----|-----:|----------:|:----|:--|------:|:--|
|                             |     |                                $ |           |     | % |       |   |     |    $ |           |     | % |       |   |
| Revenue by Building Type    |     |                                  |           |     |   |       |   |     |      |           |     |   |       |   |
| Existing building           |     |                                $ |   400,