Company: LGN
Filing Date: 2025-12-09
Form Type: S-1
Source: 0001193125-25-312729
Chunk: 331

Company: Legence Corp.
Filing Date: 2025-12-09
Form: S-1
Chunk 331
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 (15,819 | ) |     |   |   (19,727 | ) |
| Long-term debt, net of current portion              |     | $            | 1,585,846 |   |     | $ | 1,035,340 |   |

Future payments on debt as of December 31, 2024 are presented in the table below (in thousands):

| Year ending December 31,                                             
 2025                                                                 |     |   |    20,436 |
|:---------------------------------------------------------------------|:----|:--|----------:|
| 2026                                                                 |     |   |    18,350 |
| 2027                                                                 |     |   | 1,567,515 |
| 2028                                                                 |     |   |    11,132 |
| 2029                                                                 |     |   |         — |
| Total                                                                |     |   | 1,617,433 |
| Finance lease liabilities (see maturity analysis in “Note 8—Leases”) |     |   |     7,216 |
| Total debt                                                           |     | $ | 1,624,649 |

Term loan On December 16, 2020, the Company entered into a term loan agreement with Jefferies Finance LLC as the administrative agent for a group of lenders. The term loan matures on December 16, 2027, 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. F-79

Throughout 2022, the Company drew the full amount of a $146.7 million DDTL commitment
under its term loan agreement. The proceeds were used or designated to fund acquisition-related payments, and quarterly principal payments increased by 0.25% of the amount drawn. The Company paid debt issuance costs of $1.5 million related to
issuing term loans on the DDTL commitment and $2.5 million related to amending the DDTL commitment.

On February 27, 2023, the
Company amended the term loan agreement to transition its benchmark interest from London Interbank Offered Rate (“LIBOR”) to Secured Overnight Financing Rate (“SOFR”) for an additional credit spread adjustment of 0.10%.

On July 31,