Company: LGN
Filing Date: 2025-05-14
Form Type: DRS/A
Source: 0000950123-25-005247
Chunk: 142

Company: Legence Corp.
Filing Date: 2025-05-14
Form: DRS/A
Chunk 142
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 fund
acquisition-related payments.

On June 18, 2024, Legence Holdings secured a $125.0 million incremental term loan, and the
proceeds were used to fund acquisition-related payments.

On November 21, 2024, Legence Holdings secured a $315.0 million
incremental term loan, and the proceeds were used for general corporate purposes, including to fund a shareholder distribution and to fund acquisition-related payments, and extended the maturity date of its Revolving Credit Facility by one year from
December 16, 2025 to December 16, 2026.

On February 6, 2025, Legence Holdings amended the Credit Agreement to reduce the
interest margin applicable to borrowings of term loans or delayed draw term loans and extend the maturity date applicable to the Term Loan Credit Facility and the Delayed Draw 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.

As of December 31, 2024, there were approximately $5.2 million in standby letters of credit outstanding, with such letters of credit
accruing fees at an annual rate equal to 3.75%. The remaining $84.8 million of revolving credit commitments were undrawn. There were no borrowings under the Revolving Credit Facility as of either December 31, 2024 or December 31,
2023.

Under the terms of the Credit Agreement, Legence Holdings and its subsidiaries may be able to incur substantial additional
indebtedness in the future, subject to certain conditions. See “Risk Factors—Risks Related to Indebtedness—Despite our current indebtedness levels, we and our subsidiaries may still be able to incur substantially more debt. This could
further exacerbate the risks associated with our leverage.”

96

Confidential Treatment Requested by Legence Corp.

Pursuant to 17 C.F.R. Section 200.83

Pursuant to the terms of the Credit Agreement, after the consummation of a Qualified IPO (as
defined in the Credit Agreement), the margin for term loans and revolving credit loans and the fee rate on letters of credit will automatically be reduced by 0.25%.

The Credit Agreement contains a springing financial maintenance covenant that requires the First Lien Net Leverage Ratio not to exceed 8.50 to