EX-25.2 7 a2234889zex-25_2.htm EX-25.2
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Exhibit 25.2

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE


o CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT
TO SECTION 305(b) (2)

WELLS FARGO BANK, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)

A National Banking Association   94-1347393
(Jurisdiction of incorporation or organization if not a U.S. national bank)   (I.R.S. Employer Identification No.)
101 North Phillips Avenue
Sioux Falls, South Dakota
(Address of principal executive offices)		  
57104
(Zip code)

Wells Fargo & Company
Law Department, Trust Section
MAC N9305-175
Sixth Street and Marquette Avenue, 17th Floor
Minneapolis, Minnesota 55479
(612) 667-4608
(Name, address and telephone number of agent for service)


LOGO

Certain co-registrants are identified in the "Table of Additional Registrants" listed
on the next page.

(Exact name of registrant as specified in its charter)

Delaware   2080   98-0517725
(State or other jurisdiction of
incorporation or organization)		   (Primary Standard Industrial
Classification Code Number)		   (I.R.S. Employer
Identification No.)

5301 Legacy Drive
Plano, Texas 75024
(972) 673-7000

(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)
4.50% Senior Notes due 2045
Guarantees of 4.50% Senior Notes due 2045

   


TABLE OF ADDITIONAL REGISTRANTS

Exact Name of Registrant as Specified in its Charter
  State or Other Jurisdiction of
Incorporation or Organization 		  I.R.S. Employer
Identification No.
184 Innovations, Inc.    Delaware   36-4800558
234DP Aviation, LLC(1)   Delaware   27-1028433
A & W Concentrate Company(1)   Delaware   22-2483659
Americas Beverages Management GP(1)   Nevada   74-3218345
AmTrans, Inc.(2)   Illinois   36-2682881
Bai Brands LLC   New Jersey   27-1311310
Beverages Delaware Inc.(1)   Delaware   51-0345374
DP Beverages Inc.(1)   Delaware   04-2492250
DPS Americas Beverages, LLC(1)   Delaware   N/A
DPS Beverages, Inc.(1)   Delaware   55-0883062
DPS Holdings Inc.(1)   Delaware   06-1074905
Dr Pepper/Seven-Up Beverage Sales Company(1)   Texas   75-1554102
Dr Pepper/Seven Up Manufacturing Company(3)   Delaware   74-2690781
Dr Pepper/Seven Up, Inc.(1)   Delaware   75-2233365
Mott's Delaware LLC(1)   Delaware   26-2092489
Mott's LLP(1)   Delaware   90-0237006
MSSI LLC(1)   Delaware   77-0667192
Nantucket Allserve, LLC(1)   Delaware   04-3093808
Snapple Beverage Corp.(1)   Delaware   04-3149065
Splash Transport, Inc.(4)   Delaware   26-2366378
The American Bottling Company(1)   Delaware   36-4223626
(1)
Registrant's address is 5301 Legacy Dr., Plano, TX 75024. Telephone: 972-673-7000.

(2)
Registrant's address is 400 N. Wolf Road, Northlake, IL 60164. Telephone: 708-449-2600.

(3)
Registrant's address is 8900 Page Ave., St. Louis, MO 63114. Telephone: 314-426-8200.

(4)
Registrant's address is 5430 West 81st St., Indianapolis, IN 46268. Telephone: 866-573-3774.

Item 1.    General Information.    Furnish the following information as to the trustee:

    (a)
    Name and address of each examining or supervising authority to which it is subject.

      Comptroller of the Currency
      Treasury Department
      Washington, D.C.

      Federal Deposit Insurance Corporation
      Washington, D.C.

      Federal Reserve Bank of San Francisco
      San Francisco, California 94120

    (b)
    Whether it is authorized to exercise corporate trust powers.

      The trustee is authorized to exercise corporate trust powers.

Item 2.    Affiliations with Obligor.    If the obligor is an affiliate of the trustee, describe each such affiliation.

        None with respect to the trustee.

        No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.

Item 15.    Foreign Trustee.    Not applicable.

Item 16.    List of Exhibits.    List below all exhibits filed as a part of this Statement of Eligibility.

Exhibit 1.   A copy of the Articles of Association of the trustee now in effect.*

Exhibit 2.
 
A copy of the Comptroller of the Currency Certificate of Corporate Existence for Wells Fargo Bank, National Association, dated January 14, 2015.*

Exhibit 3.
 
A copy of the Comptroller of the Currency Certification of Fiduciary Powers for Wells Fargo Bank, National Association, dated January 6, 2014.*

Exhibit 4.
 
Copy of By-laws of the trustee as now in effect.*

Exhibit 5.
 
Not applicable.

Exhibit 6.
 
The consent of the trustee required by Section 321(b) of the Act.

Exhibit 7.
 
A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.

Exhibit 8.
 
Not applicable.

Exhibit 9.
 
Not applicable.
*
Incorporated by reference to the exhibit of the same number to the trustee's Form T-1 dated March 13, 2015 filed with the SEC pursuant to Section 305(b)(2) of the Trust Indenture Act of 1939, as amended, with respect to file number 333-190926.


SIGNATURE

        Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Dallas and State of Texas on the 13th of March, 2018.

    WELLS FARGO BANK, NATIONAL ASSOCIATION

 
 

GRAPHIC

Patrick T. Giordano
 Vice President


EXHIBIT 6

March 13, 2018
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:

        In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request thereof.

    Very truly yours,

 
 
WELLS FARGO BANK, NATIONAL ASSOCIATION

 
 

GRAPHIC

Patrick T. Giordano
 Vice President


Exhibit 7

Consolidated Report of Condition of

Wells Fargo Bank National Association
of 101 North Phillips Avenue, Sioux Falls, SD 57104
And Foreign and Domestic Subsidiaries,
at the close of business December 31, 2017, filed in accordance with 12 U.S.C. §161 for National Banks.

 
    
   Dollar Amounts
In Millions 		 

ASSETS

              

Cash and balances due from depository institutions:

              

Noninterest-bearing balances and currency and coin

         $ 22450  

Interest-bearing balances

           192185  

Securities:

              

Held-to-maturity securities

           139228  

Available-for-sale securities

           260098  

Federal funds sold and securities purchased under agreements to resell:

              

Federal funds sold in domestic offices

           120  

Securities purchased under agreements to resell

           31006  

Loans and lease financing receivables:

              

Loans and leases held for sale

           12005  

Loans and leases, net of unearned income

     929016        

LESS: Allowance for loan and lease losses

     10104        

Loans and leases, net of unearned income and allowance

           918912  

Trading Assets

           51667  

Premises and fixed assets (including capitalized leases)

           8116  

Other real estate owned

           641  

Investments in unconsolidated subsidiaries and associated companies

           12014  

Direct and indirect investments in real estate ventures

           72  

Intangible assets

              

Goodwill

           22480  

Other intangible assets

           16807  

Other assets

           59553  
​ ​ ​ ​ ​ ​ ​ ​

Total assets

         $ 1,747,354  
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​

LIABILITIES

              

Deposits:

              

In domestic offices

         $ 1259735  

Noninterest-bearing

     423833        

Interest-bearing

     835902        

In foreign offices, Edge and Agreement subsidiaries, and IBFs

           129264  

Noninterest-bearing

     962        

Interest-bearing

     128302        

Federal funds purchased and securities sold under agreements to repurchase:

              

Federal funds purchased in domestic offices

           10906  

Securities sold under agreements to repurchase

           7180  

Trading liabilities

           10537  

Other borrowed money

              

(includes mortgage indebtedness and obligations under capitalized leases)

           118326  

Subordinated notes and debentures

           11950  

Other liabilities

           32898  
​ ​ ​ ​ ​ ​ ​ ​

Total liabilities

         $ 1580796  

EQUITY CAPITAL

    
 		    
 		  

Perpetual preferred stock and related surplus

           0  

Common stock

           519  

Surplus (exclude all surplus related to preferred stock)

           112497  

Retained earnings

           53612  

Accumulated other comprehensive income

           –468  

Other equity capital components

           0  
​ ​ ​ ​ ​ ​ ​ ​

Total bank equity capital

           166160  

Noncontrolling (minority) interests in consolidated subsidiaries

           398  
​ ​ ​ ​ ​ ​ ​ ​

Total equity capital

           166558  
​ ​ ​ ​ ​ ​ ​ ​

Total liabilities, and equity capital

         $ 1747354  
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​

I, John R. Shrewsberry, Sr. EVP & CFO of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.

    John R. Shrewsberry
Sr. EVP & CFO

        We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

Directors
Enrique Hernandez, Jr
Federico F. Pena
James Quigley



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TABLE OF ADDITIONAL REGISTRANTS
SIGNATURE
EXHIBIT 6
Exhibit 7 Consolidated Report of Condition of Wells Fargo Bank National Association of 101 North Phillips Avenue, Sioux Falls, SD 57104 And Foreign and Domestic Subsidiaries, at the close of business December 31, 2017, filed in accordance with 12 U.S.C. §161 for National Banks.