Company: LGN
Filing Date: 2025-02-14
Form Type: DRS
Source: 0000950123-25-002471
Chunk: 265

Company: Legence Corp.
Filing Date: 2025-02-14
Form: DRS
Chunk 265
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 of December 31, 2023. The outstanding balance is $13.8 million and the carrying value is
$12.3 million, recorded in Long-term debt—related parties on the Consolidated Balance Sheet. The notes have a range of stated interest rates from 5.5—6% and maturities ranging from eighteen months to six years, at which time all
principal and interest are due. The promissory note related to SC Engineers requires the Company to repay all principal and interest earlier if the Company undergoes a change of control as defined in the note agreement.

The Company also financed certain insurance-related payments at an interest rate of 8.4%. As of December 31, 2023, the balance outstanding on these notes
is $2.2 million and is included in Current portion of long-term debt.

Finance leases

The Company has finance lease liabilities which are included in Long-term debt. See “” for information on finance leases.

Note 9—Fair Value Measurements

The Company
recognizes certain financial assets and liabilities at fair value on a recurring basis following the fair value hierarchy detailed in “”.

F-35

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83 Legence Holdings LLC and Subsidiaries Notes to Consolidated Financial Statements The following table presents the input level used to determine the fair value of the financial instruments measured at fair value on a recurring basis (in thousands):

|                                                               |     | December 31, 2023 |        |     |         |        |     |         |        |
|:--------------------------------------------------------------|:----|:------------------|-------:|:----|:--------|-------:|:----|:--------|-------:|
|                                                               |     | Level 1           |        |     | Level 2 |        |     | Level 3 |        |
| Assets:                                                       |     |                   |        |     |         |        |     |         |        |
| Cash equivalents—money market                                 |     | $                 | 63,559 |     | $       |      — |     | $       |      — |
| Interest rate swap instruments                                |     | $                 |      — |     | $       | 23,348 |     | $       |      — |
| Liabilities:                                                  |     |                   |        |     |         |        |     |         |        |
| Interest rate swap instruments