debt
confidence high
sentiment positive
materiality 0.60
Legence Corp refi: $798M term loan extended to 2031, revolver expanded to $200M at SOFR+2.25%
Legence Corp.
- Refinanced $798M term loan facility maturing December 16, 2031 (3-year extension) at SOFR + 2.25% (25 bps reduction).
- Revolving credit facility increased from $90M to $200M, maturity extended ~4 years to September 22, 2030, same spread.
- Proceeds used to replace all outstanding Initial Term Loans and existing revolver commitments.
- Amendment No. 11 effective October 30, 2025; no other material covenant changes reported.