Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 346

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 346
---
 2024, respectively. These amounts are included in Revenue on the Condensed Consolidated Statements of Operations. F-77

Legence Holdings LLC and Subsidiaries Notes to Condensed Consolidated Financial Statements—(Continued) (Unaudited) Note 7—Debt Debt obligations consist of the following (in thousands):

|                                                     |     |   |  June 30, 
      2025 |   |     |   | December 31, 
         2024 |   |
|:----------------------------------------------------|:----|:--|----------:|:--|:----|:--|-------------:|:--|
| Term loan                                           |     | $ | 1,582,132 |   |     | $ |    1,590,350 |   |
| Notes payable                                       |     |   |    29,976 |   |     |   |       27,083 |   |
| Finance lease liabilities                           |     |   |     8,689 |   |     |   |        7,216 |   |
| Total debt                                          |     |   | 1,620,797 |   |     |   |    1,624,649 |   |
| Less: Current portion                               |     |   |   (26,149 | ) |     |   |      (22,984 | ) |
| Less: Unamortized debt issuance costs and discounts |     |   |   (13,879 | ) |     |   |      (15,819 | ) |
| Long-term debt, net of current portion              |     | $ | 1,580,769 |   |     | $ |    1,585,846 |   |

Term loan The Company has a term loan agreement (as amended) with Jefferies Finance LLC as the administrative agent for a group of lenders. The term loan matures on December 16, 2028, and is secured by substantially all assets of the Company, subject to customary exclusions. A portion of the term loan is held by entities associated with the Company and BX Refficiency Aggregator LP (“Sponsor”). They are subject to the same terms described below, including interest payments, principal payments and maturity. On February 6, 2025, the term loan agreement was amended to reduce the interest rate and extend the maturity date of the term loan from December 16, 2027, to December 16, 202