Legence Announces Extension and Repricing of Term Loan along with Increase and Extension of Revolving Credit Facility
Legence (Nasdaq: LGN) amended its credit facilities on October 30, 2025, improving liquidity and extending maturities.
The $798 million Term Loan maturity was extended three years to December 16, 2031 and repriced to SOFR + 2.25%, a 25 basis point reduction. The company also amended its Revolving Credit Facility, increasing the commitment to $200 million from $90 million, extending maturity to September 22, 2030, and setting the revolver rate to SOFR + 2.25%.
The company said proceeds from its recent IPO were used to repay debt and that the amendments, together with strong cash flow, enhance financial flexibility to support growth and strategic priorities.
Legence (Nasdaq: LGN) ha modificato i suoi strumenti di credito il 30 ottobre 2025, migliorando la liquidità e estendendo le scadenze.
Il prestito a termine da 798 milioni di dollari è stato esteso di tre anni fino al 16 dicembre 2031 e rifinanziato a SOFR + 2,25%, con una riduzione di 25 basis point. L'azienda ha anche modificato la sua Rotativa Credit Facility, aumentando l'impegno a 200 milioni di dollari da 90 milioni, estendendo la scadenza al 22 settembre 2030 e impostando il tasso del revolver a SOFR + 2,25%.
L'azienda ha detto che i proventi della sua recente IPO sono stati utilizzati per rimborsare debiti e che le modifiche, insieme a una solida cash flow, migliorano la flessibilità finanziaria per sostenere la crescita e le priorità strategiche.
Legence (Nasdaq: LGN) modificó sus facilities de crédito el 30 de octubre de 2025, mejorando la liquidez y extendiendo los vencimientos.
El Préstamo a Plazo de 798 millones de dólares se extendió tres años hasta el 16 de diciembre de 2031 y se revalorizó a SOFR + 2,25%, con una reducción de 25 puntos básicos. La compañía también modificó su Facilidades de Línea de Crédito Revolvente, aumentando el compromiso a 200 millones de dólares desde 90 millones, extendiendo el vencimiento hasta el 22 de septiembre de 2030 y fijando la tasa del revolver en SOFR + 2,25%.
La empresa dijo que los ingresos de su reciente IPO se utilizaron para pagar deuda y que las enmiendas, junto con un flujo de caja sólido, mejoran la flexibilidad financiera para apoyar el crecimiento y las prioridades estratégicas.
Legence (나스닥: LGN)은 2025년 10월 30일 신용시설을 개정하여 유동성을 개선하고 만기를 연장했습니다.
8억 9700만 달러의 기간 대출의 만기가 3년 연장되어 2031년 12월 16일이 되었고 SOFR + 2.25%로 재가격화 되었으며 25bp의 인하가 적용되었습니다. 회사는 또한 회전크레딧 시설을 개정하여 약정 한도를 2억 달러로 상향하고 9천만 달러에서 시작해 만기를 2030년 9월 22일로 연장하며 레볼버 금리를 SOFR + 2.25%로 설정했습니다.
회사는 최근 IPO의 수익이 부채를 상환하는 데 사용되었으며, 이러한 수정과 강한 현금 흐름이 성장과 전략적 우선순위를 지원하기 위해 재무적 유연성을 강화한다고 말했습니다.
Legence (Nasdaq : LGN) a modifié ses facilités de crédit le 30 octobre 2025, améliorant la liquidité et prolongeant les maturités.
Le prêt à terme de 798 millions de dollars a été prolongé de trois ans jusqu'au 16 décembre 2031 et refait à SOFR + 2,25%, avec une réduction de 25 points de base. L'entreprise a également modifié sa facilité de crédit renouvelable, portant l'engagement à 200 millions de dollars contre 90 millions, prolongeant l'échéance au 22 septembre 2030 et fixant le taux du revolver à SOFR + 2,25%.
L'entreprise a déclaré que les produits de son IPO récent ont été utilisés pour rembourser la dette et que les amendements, avec une trésorerie solide, renforcent la flexibilité financière pour soutenir la croissance et les priorités stratégiques.
Legence (Nasdaq: LGN) hat seine Kreditfazilitäten am 30. Oktober 2025 geändert, die Liquidität verbessert und Fälligkeiten verlängert.
Der Term Loan über 798 Millionen Dollar wurde um drei Jahre verlängert bis zum 16. Dezember 2031 und auf SOFR + 2,25% neu bewertet, was eine Reduktion um 25 Basispunkte bedeutet. Das Unternehmen hat auch seine revolvierende Kreditfazilität geändert, das Commitment auf 200 Millionen Dollar von 90 Millionen erhöht, die Fälligkeit bis zum 22. September 2030 verlängert und den revolver-Zinssatz auf SOFR + 2,25% festgelegt.
Das Unternehmen sagte, die Erlöse aus dem jüngsten IPO seien zur Entschuldung verwendet worden und die Änderungen, zusammen mit starkem Cashflow, erhöhten die finanzielle Flexibilität, um Wachstum und strategische Prioritäten zu unterstützen.
ليجينس (ناسداك: LGN) عدّلت مرافقها الائتمانية في 30 أكتوبر 2025، محسنًة السيولة وممددة الاستحقاقات.
قرض زمني بقيمة 798 مليون دولار زُمن ثلاث سنوات حتى 16 ديسمبر 2031 وتعيد تسعيره إلى SOFR + 2.25%، مع تخفيض بمقدار 25 نقطة أساس. كما عدّلت الشركة تسهيلاً ائتمانيًا دوّارًا، بزيادة الالتزام إلى 200 مليون دولار من 90 مليونًا، مع تمديد الاستحقاق حتى 22 سبتمبر 2030 وتحديد معدل revolver إلى SOFR + 2.25%.
وقالت الشركة إن العائدات من الطرح العام الأولي الأخير استخدمت لسداد الدين، وأن التعديلات مع تدفق نقدي قوي يعزز المرونة المالية لدعم النمو والأولويات الاستراتيجية.
- Term loan maturity extended three years to Dec 16, 2031
- Term loan pricing reduced by 25 bps to SOFR + 2.25%
- Revolving credit increased to $200M from $90M
- Revolver maturity extended to Sep 22, 2030
- Revolver pricing aligned at SOFR + 2.25%
- None.
SAN JOSE, Calif., Oct. 30, 2025 (GLOBE NEWSWIRE) -- Legence Corp. (Nasdaq: LGN) (“Legence” or the “Company”) today announced the amendment of its
"We are grateful for the support of lenders,” said Stephen Butz, Executive Vice President and Chief Financial Officer of Legence. “Following our recent IPO, where net proceeds were used to repay debt, we further enhanced our financial flexibility by upsizing our revolving credit facility, and extending the maturities for both the term loan and revolver. These amendments, in conjunction with the strong cash flow generation from our business, position the Company well to drive future growth and execute on our strategic priorities.”
About Legence
Legence is a leading provider of engineering, consulting, installation, and maintenance services for mission-critical systems in buildings. The company specializes in designing, fabricating, and installing complex HVAC, process piping, and other mechanical, electrical and plumbing (MEP) systems—enhancing energy efficiency, reliability, and sustainability in new and existing facilities. Legence also delivers long-term performance through strategic upgrades and holistic solutions. Serving some of the world’s most technically demanding sectors, Legence counts over
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Contact
Media: media@wearelegence.com
Investor Relations: ir@wearelegence.com
FAQ
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