Company: LGN
Filing Date: 2025-08-25
Form Type: S-1/A
Source: 0001193125-25-186788
Chunk: 315

Company: Legence Corp.
Filing Date: 2025-08-25
Form: S-1/A
Chunk 315
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 interest rate swap agreements in effect as of December 31, 2022 (notional in thousands):

| Effective Date    |     | Maturity Date    |     | Notional Amount |     | Fixed Interest Rate (1) |
| January 19, 2021  |     | January 31, 2025 |     |        $350,000 |     | 0.8825%                 |
| November 30, 2021 |     | January 31, 2025 |     |        $109,000 |     | 1.2240%                 |
| November 30, 2021 |     | January 31, 2025 |     |        $109,000 |     | 1.2250%                 |

| (1) | Payments will be made to the Company if the one-month LIBOR exceeds the 
 fixed interest rates for the respective interest rate swaps.            |

Note 12—Member’s Equity Member’s equity consists of transactions between the Company and Parent. Such transactions may consist of contributions to the Company from Parent and distributions from the Company to Parent. Additional information regarding the accounting for transactions between the Company and Parent can be found in “ Note 2—Summary of Significant Accounting Policies.” Parent Equity Parent has different classes of equity interests: Series A Profits Interests, Series B Common Interests, Series C Common Interests (together with Series B Common Interests, “Common Interests”) and Restricted Series C Common Interests, each with specific terms and conditions. Series B Common Interests are held by Sponsor. Series C Common Interests are held by certain members of the Company’s management and former owners of acquired companies who received Series C Common Interests as part of the consideration transferred. Tax distributions of $1.4 million and $0.2 million were made during the years ended December 31, 2024 and 2022, respectively. During the year ended December 31, 2023, there were no tax distributions. During the years ended December 31, 2024, 2023 and 2022, the Company made capital distributions of $300.2 million, $1.5 million and $26 thousand, respectively, including $0.4 million for the return to holders of Restricted Series C Common Interests for the year ended December 31, 2024. Please refer to “ Note 13—Stock-Based Compensation” for additional information related to Series A Profits Interests and Restricted