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Legence Announces Improved Term Loan Pricing on Credit Rating Upgrade
GlobeNewswire Inc.·
Legence Corp. (Nasdaq: LGN) announced a repricing of its $995 million term loan credit facility following an S&P Global Ratings upgrade of its issuer credit rating to BB- from B+, with a positive outlook. The upgrade triggered a 25 basis point reduction in pricing, bringing the Term Loan rate to SOFR plus 1.75%. The company also reported record first quarter 2026 revenues of $1.04 billion, representing 105% growth year-over-year.
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