Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 150

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 150
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2 million and $172.5 million as of June 30,
2025, December 31, 2024, December 31, 2023 and December 31, 2022, respectively. The Credit Agreement defines consolidated pro forma adjusted EBITDA differently than Adjusted EBITDA described herein. The Credit Agreement allows us to
make certain adjustments in calculating consolidated pro forma adjusted EBITDA, some of which are not included in the calculation of Adjusted EBITDA described herein. The interest rate applicable to the term loans was 7.58%, 7.96%, 8.96% and 8.13%
as of June 30, 2025, December 31, 2024, December 31, 2023 and December 31, 2022, respectively.

Legence Holdings can also
elect for advances, including standby letters of credit, under the Revolving Credit Facility to be treated as either SOFR loans or base rate loans. SOFR loans bear interest at a rate equal to SOFR plus 3.50%, 3.75% or 4.00%, which margin is
determined based on the company’s most recently reported First Lien Net Leverage Ratio. SOFR loans are subject to a floor of 0%. Interest on SOFR loans is payable (a) based on the selected interest period if such interest period is less than
three months or (b) quarterly if the selected interest period is three months or longer. Base rate loans bear interest at a rate equal to 2.50%, 2.75% or 3.00%, which margin is determined based on the company’s most recently reported
First Lien Net Leverage Ratio, plus the base rate. Interest on base rate loans is payable quarterly. In addition, a commitment fee is payable quarterly for the unused portion of the Revolving Credit Facility, which accrues at an annual rate of
0.375% or 0.50%, which rate is determined based on the company’s most recently reported First Lien Net Leverage Ratio. As of June 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 August 5, 2021, Legence Holdings secured an incremental commitment amount under the Revolving Credit Facility of
$25.0 million, thereby increasing the aggregate commitment amount from $65