EX-25.1 10 dex251.txt STATEMENT OF ELIGIBILITY OF TRUSTEE ON FORM T-1 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)____ BANK ONE, NA (Exact name of trustee as specified in its charter) A National Banking Association 31-4148768 (I.R.S. employer identification number) 100 East Broad Street Columbus, Ohio 43271-0181 (Address of principal executive offices) (Zip Code) Bank One, N A 1 Bank One Plaza Mail Code IL1-0120 Chicago, Illinois 60670-0120 Attn: Marla S. Roth, Assistant Vice President, Law Department (312) 732-2773 (Name, address and telephone number of agent for service) -------------------- SPRINT CORPORATION (Exact name of obligor as specified in its charter) Kansas 48-0457967 (State or other jurisdiction of (I.R.S. employer incorporation or organization) identification number) SPRINT CAPITAL CORPORATION (Exact name of obligor as specified in its charter) Delaware 48-1132866 (State or other jurisdiction of (I.R.S. employer incorporation or organization) identification number) P.O. Box 11315 Kansas City, Missouri 64112 (Address of principal executive offices) (Zip Code) 7.900% Notes Due 2005 8.375% Notes Due 2012 8.750% Notes Due 2032 (Title of 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. Comptroller of Currency, Washington, D.C.; Federal Deposit Insurance Corporation, Washington, D.C.; The Board of Governors of the Federal Reserve System, Washington D.C.; Federal Reserve Bank of Cleveland, Cleveland, Ohio. (b) Whether it is authorized to exercise corporate trust powers. The trustee is authorized to exercise corporate trust powers. Item 2. Affiliations With the Obligor. If the obligor is an affiliate of the ----------------------------- trustee, describe each such affiliation. No such affiliation exists with the trustee. Item 16. List of exhibits. List below all exhibits filed as a part of this ---------------- Statement of Eligibility. 1. A copy of the articles of association of the trustee now in effect.* 2. A copy of the certificates of authority of the trustee to commence business.* 3. A copy of the authorization of the trustee to exercise corporate trust powers.* 4. A copy of the existing by-laws of the trustee.* 5. Not Applicable. 6. The consent of the trustee required by Section 321(b) of the Act. 2 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. Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Bank One, N.A., 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 Chicago and State of Illinois, on the 2nd day of April, 2002. Bank One, NA, Trustee By: /s/ Marla S. Roth ---------------------- Marla S. Roth Assistant Vice President * Exhibits 1, 2, 3, and 4 are herein incorporated by reference to Exhibits bearing identical numbers in Item 16 of the Form T-1 of Bank One, NA, filed in connection with Form S-3 relating to Wheeling-Pittsburgh Corporation 9 3/8% Senior Notes due 2003, Securities Exchange Commission File No. 33-50709. 3 EXHIBIT 6 THE CONSENT OF THE TRUSTEE REQUIRED BY SECTION 321(b) OF THE ACT April 2, 2002 Securities and Exchange Commission Washington, D.C. 20549 Ladies and Gentlemen: In connection with the qualification of an indenture and supplemental indenture among Sprint Capital Corporation, Sprint Corporation, and Bank One, NA, as Trustee, the undersigned, in accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, hereby consents that the reports of examinations of the undersigned, made by Federal or State authorities authorized to make such examinations, may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor. Very truly yours, Bank One, NA By: /s/ Marla S. Roth --------------------- Marla S. Roth Assistant Vice President 4 Bank One, NA FFIEC 041 Legal Title of Bank RC-1 Columbus City 10 OH 43271 State Zip Code Transmitted to EDS as 0171415 on 01/30/02 at 17:28:25 CST FDIC Certificate Number - 06559 Consolidated Report of Condition for Insured Commercial and State-Chartered Savings Banks for December 31, 2001 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 RCON Bil | Mil | Thou ASSETS 1. Cash and balances due from depository institutions (from Schedule RC-A): a. Noninterest-bearing balances and currency and coin (1) _________________________________________ 0081 2,454,246 1.a b. Interest-bearing balances (2) __________________________________________________________________ 0071 996 1.b 2. Securities: a. Held-to-maturity securities (from Schedule RC-B, column A) _____________________________________ 1754 0 2.a b. Available-for-sale securities (from Schedule RC-B, column D) ___________________________________ 1773 4,234,882 2.b 3. Federal funds sold and securities purchased under agreements to resell _________________________ 1350 1,165,068 3 4. Loans and lease financing receivables (from Schedule RC-C): a. Loans and leases held for sale _________________________________________________________________ 5369 1,410,565 4.a b. Loans and leases, net of unearned income _______________________________________________________ B528 32,185,848 4.b c. LESS: Allowance for loan and lease losses ______________________________________________________ 3123 661,727 4.c d. Loans and leases, net of unearned income and allowance (item 4.b minus 4.c) ____________________ B529 31,524,121 4.d 5. Trading assets (from Schedule RC-D)_____________________________________________________________ 3545 55,598 5 6. Premises and fixed assets (including capitalized leases) _______________________________________ 2145 306,415 6 7. Other real estate owned (from Schedule RC-M)____________________________________________________ 2150 50,907 7 8. Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M) _______ 2130 598,033 8 9. Customers' liability to this bank on acceptances outstanding ___________________________________ 2155 0 9 10. Intangible assets a. Goodwill _______________________________________________________________________________________ 3163 53,777 10.a b. Other intangible assets (from Schedule RC-M) ___________________________________________________ 0426 21,622 10.b 11. Other assets (from Schedule RC-F)______________________________________________________________ 2160 1,877,808 11 12. Total assets (sum of items 1 through 11) ______________________________________________________ 2170 43,745,038 12 (1) Includes cash items in process of collection and unposted debits. (2) Includes time certificates of deposit not held for trading.
Bank One, NA FFIEC 041 Legal Title of Bank RC-2 Transmitted to EDS as 0171415 on 01/30/02 at 17:28:25 CST FDIC Certificate Number - 06559 11 Schedule RC - Continued
Dollar Amounts in Thousands RCON Bil | Mil | Thou LIABILITIES 13. Deposits: a. In domestic offices (sum of totals of columns A and C from Schedule RC-E) ______________________ 2200 15,979,689 13.a (1) Noninterest-bearing (1) _______________________________________________________________________ 6631 5,688,443 13.a.1 (2) Interest-bearing ______________________________________________________________________________ 6636 10,291,246 13.a.2 b. Not applicable 14. Federal funds purchased and securities sold under agreements to repurchase ____________________ 2800 11,623,937 14 15. Trading liabilities (from Schedule RC-D) ______________________________________________________ 3548 75,009 15 16. Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases) (from Schedule RC-M): _________________________________________________________ 3190 10,527,632 16 17. Not applicable 18. Bank's liability on acceptances executed and outstanding ______________________________________ 2920 0 18 19. Subordinated notes and debentures (2) _________________________________________________________ 3200 1,650,000 19 20. Other liabilities (from Schedule RC-G) ________________________________________________________ 2930 930,422 20 21. Total liabilities (sum of items 13 through 20) _______________________________________________ 2948 40,795,689 21 22. Minority interest in consolidated subsidiaries_________________________________________________ 3000 300,277 22 EQUITY CAPITAL 23. Perpetual preferred stock and related surplus _________________________________________________ 3838 0 23 24. Common stock __________________________________________________________________________________ 3230 127,044 24 25. Surplus (exclude all surplus related to preferred stock) ______________________________________ 3839 1,596,729 25 26. a. Retained earnings___________________________________________________________________________ 3632 951,594 26.a b. Accumulated other comprehensive income (3)______________________________________________________ B530 (26,295) 26.b 27. Other equity capital components (4) ___________________________________________________________ A130 0 27 28. Total equity capital (sum of items 23 through 27)______________________________________________ 3210 2,649,072 28 29. Total liabilities, minority interest, and equity capital (sum of items 21, 22, and 28)_________ 3300 43,745,038 29 Memorandum To be reported with the March Report of Condition. 1. Indicate in the box at the right the number of the statement below that best describes the most comprehensive level of auditing work performed for the bank by independent external RCON Number auditors as of any date during 2000 _______________________________________________________________ 6724 N/A M. 1 1 = Independent audit of the bank conducted in accordance 4 = Directors' examination of the bank conducted with generally accepted auditing standards by a certified in accordance with generally accepted auditing public accounting firm which submits a report on the bank standards by a certified public accounting firm 2 = Independent audit of the bank's parent holding company (may be required by state chartering authority) conducted in accordance with generally accepted auditing 5 = Directors' examination of the bank performed standards by a certified public accounting firm which by other external auditors (may be required by submits a report on the consolidated holding company (but state chartering authority) not on the bank separately) 6 = Review of the bank's financial statements by 3 = Attestation on bank management's assertion on the external auditors effectiveness of the bank's internal control over financial 7 = Compilation of the bank's financial statements by reporting by a certified public accounting firm 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) Includes limited-life preferred stock and related surplus. (3) Includes net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, and minimum pension liability adjustments. (4) Includes treasury stock and unearned Employee Stock Ownership Plan shares.