Company: LGN
Filing Date: 2025-12-09
Form Type: S-1
Source: 0001193125-25-312729
Chunk: 136

Company: Legence Corp.
Filing Date: 2025-12-09
Form: S-1
Chunk 136
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 reported First Lien Net Leverage Ratio. As of September 30, 2025 and December 31, 2024, the rate for the unused portion of the Revolving Credit Facility was 0.50% and 0.375%, respectively. On and after December 16, 2020 until February 6, 2025, (a) SOFR loans under the Term Loan Credit Facility bore interest at a rate equal to SOFR plus a margin of either 3.25%, 3.50% or 3.75%, which margin is 92

determined based on the company’s most recently reported Consolidated First Lien Net Leverage Ratio (the “First Lien Net Leverage Ratio”), generally defined as the ratio of
first lien secured indebtedness (net of cash) to consolidated pro forma adjusted EBITDA for the preceding four fiscal quarters, and (b) base rate loans under the Term Loan Credit Facility bore interest at a rate equal to either 2.25%, 2.50% or
2.75%, which margin was determined based on the company’s most recently reported First Lien Net Leverage Ratio, plus the base rate. On and after December 16, 2020 until the effectiveness of Amendment No. 11, SOFR loans under the
Revolving Credit Facility bore interest at a rate equal to SOFR plus 3.50%, 3.75% or 4.00%, which margin was determined based on the company’s most recently reported First Lien Net Leverage Ratio. On February 6, 2025, Legence Holdings
amended the Credit Agreement to reduce the interest margin applicable to the term loans by 0.25% across all pricing levels and extend the maturity date applicable to the Term Loan Credit Facility by one year from December 16, 2027 to
December 16, 2028. The amendment also removed the 0.10% credit spread adjustment applicable to borrowings of term loans that are SOFR loans.

Our First Lien Net Leverage Ratio was 2.22, 6.06, 4.43 and 5.94 as of September 30, 2025, December 31, 2024, December 31, 2023
and December 31, 2022, respectively. Our consolidated pro forma adjusted EBITDA, as defined in the Credit Agreement, was $279.5 million, $248.9 million,