Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 353

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 353
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 respective interest rate swaps.           |

The following interest rate swaps were added during July 2025 (notional in thousands):

| Effective Date    |     | Maturity Date     |     | Notional Amount |     | Fixed Interest Rate 
 (1)                 |
| December 31, 2026 |     | December 31, 2027 |     |        $200,000 |     | 3.2480%             |
| December 31, 2026 |     | December 31, 2027 |     |        $200,000 |     | 3.2480%             |

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

Note 10—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. Parent Equity Parent has different classes of equity interests: Series A Profits 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 (“Restricted Series C Common Interests”), each with specific terms and conditions. Series A Profits Interests are granted to employees of the Company and are comprised of Time Interests, Performance Interests, and Exit Interests. 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. Restricted Series C Common Interests were issued in connection with an acquisition as compensation for future services to certain of the acquiree’s former shareholders and employees who became Company employees in connection with the acquisition. Contributions to the Company from the Parent and distributions from the Company to the Parent are accounted for by the Company as adjustments to Member’s equity. Additionally, Parent may issue Parent interests to the Company’s employees or to other parties in connection with certain transactions, which the Company accounts for as a capital contribution from or on behalf of Parent recorded within Member’s equity. F-83

Legence Holdings LLC and Subsidiaries Notes to Condensed Consolidated Financial Statements—(Continued) (Unaudited) Note 11—Income Taxes The income tax expense and effective income tax rate were as follows (in thousands):

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