Company: LGN
Filing Date: 2025-08-15
Form Type: S-1
Source: 0001193125-25-181698
Chunk: 146

Company: Legence Corp.
Filing Date: 2025-08-15
Form: S-1
Chunk 146
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| Term loan                                           |     | $ |    1,590,350 |   |     | $ | 1,582,132 |   |
| Notes payable                                       |     |   |       27,083 |   |     |   |    29,976 |   |
| Finance lease liabilities                           |     |   |        7,216 |   |     |   |     8,689 |   |
| Total Debt                                          |     |   |    1,624,649 |   |     |   | 1,620,797 |   |
| Less: Current portion                               |     |   |      (22,984 | ) |     |   |   (26,149 | ) |
| Less: Unamortized debt issuance costs and discounts |     |   |      (15,819 | ) |     |   |   (13,879 | ) |
| Long-term debt                                      |     | $ |    1,585,846 |   |     | $ | 1,580,769 |   |

The ensuing summary and discussion are not a complete description of all of the terms of our significant debt instruments. Please refer to “Note 9—Debt” and “Note 17—Related Party Transactions” in the Notes to Consolidated Financial Statements and “Note 7—Debt” and “Note 13—Related Party Transactions” in the Notes to Condensed Consolidated Financial Statements for further information. Credit Agreement On December 16, 2020, Legence Intermediate and Legence Holdings entered into that certain Credit Agreement, by and among, Legence Intermediate, as holdings, Legence Holdings, as the borrower, the guarantors from time to time party thereto, Jefferies Finance LLC, as administrative agent and the other parties from time to time party thereto, which provides for (a) the Term Loan Credit Facility having an original aggregate principal amount of $390.0 million, (b) the Delayed Draw Term Loan Credit Facility having an original aggregate principal amount of $75.0 million and (c) the Revolving Credit Facility having an original aggregate commitment amount of $65.0 million. The obligations under the Credit Agreement are secured by substantially all assets of Legence Holdings and its subsidiaries, subject to customary exclusions. The Term Loan Credit Facility and the Delayed Draw Term Loan