Company: LGN
Filing Date: 2025-12-09
Form Type: S-1
Source: 0001193125-25-312729
Chunk: 19

Company: Legence Corp.
Filing Date: 2025-12-09
Form: S-1
Chunk 19
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 This preliminary financial information should not be viewed as a substitute for Bowers’ audited consolidated financial statements prepared in accordance with GAAP. In addition, such information is not necessarily indicative of the results to be achieved in any future period. Important factors that could cause actual results to differ materially are described under “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” and elsewhere in this prospectus. Our auditors have not audited, reviewed, compiled or performed any procedures, and do not express an opinion or any other form of assurance with respect to the accompanying financial data regarding Bowers. See “Risk Factors—Risks Related to Growth and Acquisitions.” 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.

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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) $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 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