Company: LGN
Filing Date: 2025-02-14
Form Type: DRS
Source: 0000950123-25-002471
Chunk: 262

Company: Legence Corp.
Filing Date: 2025-02-14
Form: DRS
Chunk 262
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5 million related to this incremental term loan issuance. Advances under the term loans may be elected to be treated as either SOFR loans or base rate loans. SOFR rate loans bear interest at SOFR plus 3.25% to 3.75% based on the Company’s Consolidated First Lien Net Leverage Ratio (the “Net Leverage Ratio”), (generally defined as the ratio of indebtedness net of cash to consolidated pro forma adjusted EBITDA for the preceding four fiscal quarters), with a SOFR floor of 0.75%, plus the 0.10% credit spread adjustment. Base rate loans bear interest at 2.25% to 2.75% plus the base rate, which is the highest of (a) the federal funds rate plus 0.50%, (b) the prime rate and (c) the SOFR rate for one month plus 1.00% plus the 0.10% credit spread adjustment. Interest on base rate loans is payable quarterly. Interest on SOFR rate loans F-33

Confidential Treatment Requested by Legence Corp.

Pursuant to 17 C.F.R. Section 200.83

Legence Holdings LLC and Subsidiaries

Notes to Consolidated Financial Statements

is payable based on the selected interest period if less than three months or quarterly if the selected interest period is three months or longer. The interest rates are 8.96%, and 8.13% as of
December 31, 2023 and 2022, respectively.

Principal payments on the term loans of $2.7 million are payable quarterly, with any remaining
principal balance due on December 16, 2027. The Company may also be required to make additional principal payments based on its excess cash flow, as defined in the agreement.

The term loan contains customary representations and warranties and customary events of default, as well as certain affirmative and negative covenants. The
Company is in compliance with the financial covenants as of December 31, 2023.

Subsequent to the year ended December 31, 2023, the Company
secured the following amendments related to the term loan:

On January 19, 2024, the Company secured a $125.0 million incremental term loan to
fund acquisition-related payments. The Company also secured an interest rate swap with a notional amount of $140.0 million and a fixed interest rate of 4.04%, which is designated as a cash