Company: LGN
Filing Date: 2025-08-15
Form Type: S-1
Source: 0001193125-25-181698
Chunk: 142

Company: Legence Corp.
Filing Date: 2025-08-15
Form: S-1
Chunk 142
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81.2 million, respectively, and $84.8 million available to be borrowed under the Revolving Credit Facility and cash flows from operations as of June 30, 2025 and December 31, 2024. Following the completion of this offering, we expect our primary sources of liquidity to be cash flows from operations, borrowings incurred under our Revolving Credit Facility or proceeds from offerings of debt or equity securities. Access to additional liquidity, such as an increase in the capacity under our existing Revolving Credit Facility or a new financing arrangement, will be subject to our credit ratings and future financial position. To date, our primary uses of capital have included funding working capital, capital expenditures for equipment used in our business, acquisitions and refinancing or repayment of debt and associated interest. Although our capital expenditures have historically been low relative to our revenues, we expect an increase in future periods due to our investment in fabrication capacity expansion within our Installation & Maintenance segment. Although we cannot provide any assurance that our cash flows from operations will be sufficient to fund our operations or that additional capital will be available to us on acceptable terms, or at all, we believe our primary sources of liquidity are sufficient to fund our ongoing working capital, investing and financing requirements for at least the next twelve months and beyond. In the event that we require additional capital, we may seek to raise funds at any time through equity, equity-linked arrangements and debt. If we are unable to raise additional capital when desired and on reasonable terms, our business, results of operations, and financial condition would be adversely affected. See the section titled “Risk Factors” for additional information. 104

Cash Flows The information presented below was derived from our Condensed Consolidated Statements of Cash Flows within the Condensed Consolidated Financial Statements and the Consolidated Statements of Cash Flows within the Consolidated Financial Statements and summarizes cash flow activity (dollars in thousands):

| Cash provided by (used in):                               |     | Six Months Ended 
 June 30,         
 2024             |         |   |     | 2025 |         |   |
|:----------------------------------------------------------|:----|:-----------------|--------:|:--|:----|:-----|--------:|:--|
| Operating activities                                      |     | $                | (18,675 | ) |     | $    |  62,542 |   |
| Investing activities                                      |     |                  | (72,118 | ) |     |      | (14,451 | ) |