EX-25 6 dex25.htm STATEMENT OF ELIGIBILITY OF TRUSTEE Statement of Eligibility of Trustee

Exhibit 25

 

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

 

 

CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE

 

PURSUANT TO SECTION 305(b)(2)  ¨

 

LASALLE BANK NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

36-0884183

(I.R.S. Employer

Identification No.)

 

135 South LaSalle Street, Chicago, Illinois 60603

(Address of principal executive offices) (Zip Code)

 

 

Willie J. Miller, Jr.

Group Senior Vice President

Chief Legal Officer and Secretary

Telephone: (312) 904-2018

135 South LaSalle Street, Suite 925

Chicago, Illinois 60603

(Name, address and telephone number of agent for service)

 

 

Chiquita Brands International, Inc.

(Exact name of obligor as specified in its charter)

 

New Jersey

(State or other jurisdiction of

incorporation or organization)

  

04-1923360

(I.R.S. Employer

Identification No.)

 

 

250 East Fifth Street

Cincinnati, Ohio

(Address of principal executive offices)

  

45202

(Zip Code)

 

 

8 7/8% Senior Notes Due 2015

(Title of the indenture securities)

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.

 

  1. Comptroller of the Currency, Washington D.C.

 

  2. Federal Deposit Insurance Corporation, Washington, D.C.

 

  3. The Board of Governors of the Federal Reserve Systems, Washington, D.C.

 

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

 

Yes.

 

ITEM 2. AFFILIATIONS WITH THE OBLIGOR AND GUARANTORS.

 

If the obligor or any guarantor is an affiliate of the trustee, describe each such affiliation.

 

None.

 

 

ITEMS 3 THROUGH 15, INCLUSIVE, ARE NOT APPLICABLE BY VIRTUE OF T-1 GENERAL INSTRUCTION B.

 

 

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

ITEM 16. LIST OF EXHIBITS.

 

List below all exhibits filed as part of this statement of eligibility and qualification.

 

  1. A copy of the Articles of Association of LaSalle Bank National Association now in effect. (incorporated herein by reference to Exhibit 1 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).

 

  2. A copy of the certificate of authority to commence business (incorporated herein by reference to Exhibit 2 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).

 

  3. A copy of the authorization to exercise corporate trust powers (incorporated herein by reference to Exhibit 3 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).

 

  4. A copy of the existing By-Laws of LaSalle Bank National Association (incorporated herein by reference to Exhibit 4 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).

 

  5. Not applicable.

 

  6. The consent of the trustee required by Section 321(b) of the Trust Indenture Act of 1939 (incorporated herein by reference to Exhibit 6 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).

 

  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.

 

  8. Not applicable.

 

  9. Not applicable.

 

 

SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939, the trustee, LaSalle Bank National Association, a corporation 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 Chicago, State of Illinois, on the 26th day of August, 2005.

 

LASALLE BANK NATIONAL ASSOCIATION

By:  

/s/ John W. Porter

   

John W. Porter

Vice President

LaSalle Bank N.A.

135 South LaSalle Street

Chicago, IL 60603

    Call Date:    6/30/2005    ST-BK:  17-1520    EXHIBIT 7

 

Transit Number: 71000505

 

Consolidated Report of Condition for Insured Commercial and

State-Chartered Savings Banks for March 31, 2005

 

All schedules are to be reported in thousands of dollars. Unless otherwise indicated, report the amount outstanding as of the last business day of the quarter.

 

Schedule RC - Balance Sheet

 

                    Dollar Amounts in Thousands

ASSETS

          

1. Cash and balances due from depository institutions (from Schedule RC-A):

    RCFD     

a. Noninterest-bearing balances and currency and coin (1)

    0081    1,723,327

b. Interest-bearing balances (2)

    0071    11,114

2. Securities:

          

a. Held-to-maturity securities (from Schedule RC-B, column A)

    1754    87,542

b. Available-for-sale securities (from Schedule RC-B, column D)

    1773    25,251,096

3. Federal funds sold and securities purchased under agreements to resell

          

a. Federal funds sold in domestic offices

    B987    489,620

b. Securities purchased under agreements to resell (3)

    B989    56,570

4. Loans and lease financing receivables (from schedule RC-C)

          

a. Loans and leases held for sale

    5369    1,170,093

b. Loans and leases, net of unearned income

    B528    38,290,359          

c. LESS: Allowance for loan and lease losses

    3123    638,362          

d. Loans and leases, net of unearned income, allowance, and reserve (item 4.a minus 4.b and 4.c)

    B529    37,651,997

5. Trading assets (from Schedule RC-D)

    3545    453,401

6. Premises and fixed assets (including capitalized leases)

    2145    267,603

7. Other real estate owned (from Schedule RC-M)

    2150    9,019

8. Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M)

    2130    0

9. Customers' liability to this bank on acceptances outstanding

    2155    21,444

10. Intangible assets (from Schedule RC-M)

          

a. Goodwill

    3163    181,613

b. Other Intangible assets

    0426    0

11. Other assets (from Schedule RC-F)

    2160    2,377,053

12. Total assets (sum of items 1 through 11)

    2170    69,751,492
(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
(3) Includes all securities resale agreements in domestic and foreign offices, regardless of maturity.

LaSalle Bank N.A.   Call Date: 6/30/2005   ST-BK: 17-1520   FFIEC
135 South LaSalle Street           Page
Chicago, IL 60603   Vendor ID: D   CERT: 15407   12

 

Transit Number: 71000505

 

Schedule RC - Continued

 

                   Dollar Amounts in
Thousands

LIABILITIES

                          

13. Deposits:

                          

a.    In domestic offices (sum of totals of

                  RCON       

      columns A and C from Schedule RC-E, part I)

                  2200      30,995,562
     RCON                     

(1)  Noninterest-bearing (1)

    6631      7,362,995              

(2)  Interest-bearing

    6636      23,632,567              
                   RCFN       

b.   In foreign offices, Edge and Agreement subsidiaries, and IBFs (from

                          

      Schedule RC-E, part II)

                  2200      8,758,982
     RCFN                     

(1)  Noninterest-bearing

    6631      0              

(2)  Interest-bearing

    6636      8,758,982              
                   RCON       

14. Federal funds purchased and securities sold under agreements to repurchase:

                          

a.    Federal funds purchased in domestic offices (2)

                  B993      2,154,464
                   RCFD       

b.   Securities sold under agreements to repurchase (3)

                  B995      6,625,578

15. Trading liabilities (from Schedule RC-D)

                  3548      158,127

16. Other borrowed money (includes mortgage indebtedness and obligations under

                  3190      10,984,891

      capitalized leases): From schedule RC-M

                          

17. Not applicable.

                          

18. Bank's liability on acceptances executed and outstanding

                  2920      21,444

19. Subordinated notes and debentures (4)

                  3200      540,000

20. Other liabilities (from Schedule RC-G)

                  2930      3,493,721

21. Total liabilities (sum of items 13 through 20)

                  2948      63,732,769

22. Minority Interest in consolidated subsidiaries

                  3000      67,296

EQUITY CAPITAL

                          
                   RCFD       

23. Perpetual preferred stock and related surplus

                  3838      500,000

24. Common stock

                  3230      41,234

25. Surplus (exclude all surplus related to preferred stock)

                  3839      2,010,375

26. a.   Retained Earnings

                  3632      2,928,358

 b.   Accumulated Other Comprehensive income.(5)

                  B530      471,460

27. Other Equity capital components (6)

                  3284      0

28. Total equity capital (sum of items 23 through 27)

                  3210      5,951,427

29. Total liabilities, minority interest, and equity capital (sum of items 21, 22, and 28)

                  3300      69,751,492

 

Memorandum

To be reported only with the March Report of Condition.

1. Indicate in the box at the right the number of the statement below that best describes

    RCFD      Number

     the most comprehensive level of auditing work performed for the bank by independent

    6724      N/A

     external auditors as of any date during 2001

            

 

1 = Independent audit of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the bank

2 = Independent audit of the bank's parent holding company conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the consolidated holding company (but not on the bank separately)

3 = Attestation on bank managements assertion on the effectiveness of the banks internal control over financial reporting by a certified public accounting firm. with generally accepted auditing standards by a certified public accounting firm

   

4 = Directors' examination of the bank conducted in accordance with generally accepted auditing standards by a certified accounting firm. (may be required by state chartering authority)

5 = Directors' examination of the bank performed by other external auditors (may be required by state chartering authority)

6 = Review of the bank's financial statements by external auditors

7 = Compilation of the bank's financial statements by external auditors

8 = Other audit procedures (excluding tax preparation work)

9 = No external audit work

(1) Includes total demand deposits and noninterest-bearing time and savings deposits.
(2) Report overnight Federal Home Loan Bank advances in Schedule RC, item 16 "other borrowed money."
(3) Includes all securities repurchased agreements in domestic and foreign offices, regardless of maturity.
(4) Includes limited-life preferred stock and related surplus.
(5) Includes net unrealized holding gains(losses) on available for sale securities, accumulated net gains (losses) on cash flow hedges, cumulative foreign currency translation adjustments, and minimum pension liability adjustments.
(6) Includes treasury stock and unearned Employee Stock Ownership plan shares.