Legence Upsizes Term Loan Facility for Acquisition

Legence funded the Bowers acquisition partly through a $200 million upsizing of its term loan facility, alongside cash on hand and equity issuance.

“the purchase price consisted of upfront cash consideration of $325 million, which was funded by a combination of cash on hand, borrowings under the Company’s revolving line of credit, the $200 million upsizing of Legence’s term loan facility and the issuance of approximately 2.55 million shares of Legence’s Class A common stock.”

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