Company: LGN
Filing Date: 2025-11-21
Form Type: 8-K
Source: 0001193125-25-291503
Chunk: 1

Company: Legence Corp.
Filing Date: 2025-11-21
Form: 8-K
Item: Item 8.01
Chunk 1
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Item 8.01.      Other Events.  

On November 21, 2025, Legence Parent LLC and Legence Parent II LLC, affiliates of the investment funds associated with or designated by Blackstone Inc. that are the current majority owners of Legence Corp. (the “ Company”), informed the Company as follows:

“ A wholly-owned subsidiary of Legence Parent LLC (such subsidiary, the “ Facility 1 Borrower”) has entered into (i) a Margin Loan Agreement dated as of November 21, 2025 (the “ Facility 1 Loan Agreement”) with Goldman Sachs Bank USA, as administrative agent, and the lenders party thereto from time to time (the “ Lenders”), and (ii) Pledge and Security Agreements dated as of November 21, 2025 (the “ Closing Date”), pursuant to which the Facility 1 Borrower pledged on the Closing Date all of the Class A common stock of the Company (the “ Class A Common Stock”), the Class B common stock of the Company (the “ Class B Common Stock”) and the Class B Units of Legence Holdings LLC (the “ Common Units”) owned by it as collateral to secure repayment of amounts outstanding under the Loan Agreement, and may be required to post additional collateral in certain circumstances (the “ Facility 1 Pledge Agreements”).

In addition, a wholly-owned subsidiary of Legence Parent II LLC (such subsidiary, the “ Facility 2 Borrower” and, collectively with the Facility 1 Borrower, the “ Borrowers”) has entered into (i) a Margin Loan Agreement dated as of the Closing Date (the “ Facility 2 Loan Agreement” and, collectively with the Facility 1 Loan Agreement, the “ Loan Agreements”) with Goldman Sachs Bank USA, as administrative agent, and the Lenders, and (ii) Pledge and Security Agreements dated as of the Closing Date, pursuant to which the Facility 2 Borrower pledged on the Closing Date all of the Class A Common Stock owned by it as collateral to secure repayment of amounts outstanding under the Facility 2 Loan Agreement, and may be required to post additional collateral in certain circumstances (the “ Facility 2 Pledge Agreements” and, collectively with the Facility 1 Pledge Agreements, the “ Pledge Agreements”; and the Pledge Agreements, collectively with the Loan Agreements, the “ Loan Documents”). Each of the Borrowers is affiliated with Blackstone Inc.

As of the Closing Date, the Borrowers have borrowed