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Legence Corp. Class A ( (LGN) ) just unveiled an announcement.
On November 21, 2025, Legence Corp., a company affiliated with Blackstone Inc., announced that its affiliates, Legence Parent LLC and Legence Parent II LLC, have secured a $650 million loan through margin loan agreements with Goldman Sachs Bank USA. The subsidiaries pledged significant shares of Class A and Class B common stock and common units as collateral, representing approximately 72% of the issued and outstanding Class A common stock. The company itself is not a party to these loan agreements and has no obligations under them, but has agreed not to hinder the lenders’ potential actions in case of default.
The most recent analyst rating on (LGN) stock is a Buy with a $54.00 price target. To see the full list of analyst forecasts on Legence Corp. Class A stock, see the LGN Stock Forecast page.
More about Legence Corp. Class A
Average Trading Volume: 1,191,725
See more data about LGN stock on TipRanks’ Stock Analysis page.