EX-25.1 8 a2181160zex-25_1.htm EXHIBIT 25.1

Exhibit 25.1

 

 

 

FORM T-1

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

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)           o

 

 

THE BANK OF NEW YORK TRUST COMPANY, N.A.

(Exact name of trustee as specified in its charter)

 

 

 

95-3571558

(State of incorporation

 

(I.R.S. employer

if not a U.S. national bank)

 

identification no.)

 

 

 

700 South Flower Street

 

 

Suite 500

 

 

Los Angeles, California

 

90017

(Address of principal executive offices)

 

(Zip code)

 

 

STEEL DYNAMICS, INC.

(Exact name of obligor as specified in its charter)

 

Indiana

 

35-1929476

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

6714 Pointe Inverness Way, Suite 200

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

6 ¾% Senior Notes due 2015

(Title of the indenture securities)

 

 


 

Steel Dynamics Sales North America, Inc.

(Exact name of obligor as specified in its charter)

 

 

 

 

Indiana

 

32-0042039

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

6714 Pointe Inverness Way, Suite 200

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

SDI Investment Company

(Exact name of obligor as specified in its charter)

 

 

Delaware

 

51-0397408

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

6714 Pointe Inverness Way, Suite 200

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

Steel Dynamics Ferrous Resources, LLC

(Exact name of obligor as specified in its charter)

 

Indiana

 

20-3663686

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

6714 Pointe Inverness Way, Suite 200

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

2


 

New Millennium Building Systems, LLC

(Exact name of obligor as specified in its charter)

 

Indiana

 

35-2083989

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

6714 Pointe Inverness Way, Suite 200

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

Steel Holdings, Inc.

(Exact name of obligor as specified in its charter)

 

Indiana

 

20-3663551

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

6714 Pointe Inverness Way, Suite 200

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

Roanoke Electric Steel Corporation

(Exact name of obligor as specified in its charter)

 

Indiana

 

20-3663442

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

6714 Pointe Inverness Way, Suite 200

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

3


 

Shredded Products, LLC

(Exact name of obligor as specified in its charter)

 

Virginia

 

54-0891585

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

6714 Pointe Inverness Way, Suite 200

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

John W. Hancock, Jr., LLC

(Exact name of obligor as specified in its charter)

 

Virginia

 

54-0460919

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

6714 Pointe Inverness Way, Suite 200

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

New Millennium Building Systems, Inc.

(Exact name of obligor as specified in its charter)

 

South Carolina

 

57-0477521

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

6714 Pointe Inverness Way, Suite 200

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

4


 

SOCAR of Ohio, Inc.

(Exact name of obligor as specified in its charter)

 

Ohio

 

34-1097158

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

6714 Pointe Inverness Way, Suite 200

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

Steel of West Virginia, Inc.

(Exact name of obligor as specified in its charter)

 

Delaware

 

55-0684304

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

6714 Pointe Inverness Way, Suite 200

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

SWVA, Inc.

(Exact name of obligor as specified in its charter)

 

Delaware

 

55-0621605

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

6714 Pointe Inverness Way, Suite 200

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

5


 

Marshall Steel, Inc.

(Exact name of obligor as specified in its charter)

 

Delaware

 

62-1527726

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

6714 Pointe Inverness Way, Suite 200

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

Steel Ventures, Inc.

(Exact name of obligor as specified in its charter)

 

Delaware

 

55-0740037

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

6714 Pointe Inverness Way, Suite 200

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

Shredded Products II, LLC

(Exact name of obligor as specified in its charter)

 

Indiana

 

20-8714353

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

6714 Pointe Inverness Way, Suite 200

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

6


 

The Techs Industries, Inc.

(Exact name of obligor as specified in its charter)

 

Delaware

 

20-0540361

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

6714 Pointe Inverness Way, Suite 200

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

The Techs Holdings, Inc.

(Exact name of obligor as specified in its charter)

 

Delaware

 

20-0540340

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

6714 Pointe Inverness Way, Suite 200

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

OmniSource Corporation

(Exact name of obligor as specified in its charter)

 

Indiana

 

35-0809317

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

7575 West Jefferson Boulevard

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

7


 

Admetco, Inc.

(Exact name of obligor as specified in its charter)

 

Indiana

 

35-1414016

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

7575 West Jefferson Boulevard

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

Auburn Investment Company, LLC

(Exact name of obligor as specified in its charter)

 

Indiana

 

20-2929000

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

7575 West Jefferson Boulevard

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

Capitol City Metals, LLC

(Exact name of obligor as specified in its charter)

 

Indiana

 

35-1937132

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

7575 West Jefferson Boulevard

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

8


 

Carolina Investment Company, LLC

(Exact name of obligor as specified in its charter)

 

Indiana

 

20-1128968

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

7575 West Jefferson Boulevard

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

Global Shredding Technologies, Ltd., LLC

(Exact name of obligor as specified in its charter)

 

Indiana

 

35-2026465

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

7575 West Jefferson Boulevard

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

Industrial Scrap Corporation

(Exact name of obligor as specified in its charter)

 

Indiana

 

35-2064199

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

7575 West Jefferson Boulevard

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

9


 

Industrial Scrap, LLC

(Exact name of obligor as specified in its charter)

 

Indiana

 

35-2064308

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

7575 West Jefferson Boulevard

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

Jackson Iron & Metal Company, Inc.

(Exact name of obligor as specified in its charter)

 

Michigan

 

38-2604041

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

7575 West Jefferson Boulevard

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

Lucky Strike Metals, LLC

(Exact name of obligor as specified in its charter)

 

Indiana

 

20-2025059

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

7575 West Jefferson Boulevard

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

10


 

Michigan Properties Ecorse, LLC

(Exact name of obligor as specified in its charter)

 

Indiana

 

20-4332346

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

7575 West Jefferson Boulevard

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

OmniSource Athens Division, LLC

(Exact name of obligor as specified in its charter)

 

Indiana

 

35-2123556

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

7575 West Jefferson Boulevard

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

OmniSource Bay City, LLC

(Exact name of obligor as specified in its charter)

 

Indiana

 

36-4544347

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

7575 West Jefferson Boulevard

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

11


 

OmniSource Indianapolis, LLC

(Exact name of obligor as specified in its charter)

 

Indiana

 

20-4051458

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

7575 West Jefferson Boulevard

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

OmniSource, LLC

(Exact name of obligor as specified in its charter)

 

Indiana

 

35-2046863

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

7575 West Jefferson Boulevard

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

OmniSource Mexico, LLC

(Exact name of obligor as specified in its charter)

 

Indiana

 

26-0194166

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

7575 West Jefferson Boulevard

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

12


 

OmniSource Transport, LLC

(Exact name of obligor as specified in its charter)

 

Indiana

 

35-2084965

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

7575 West Jefferson Boulevard

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

Open Sky Aviation, LLC

(Exact name of obligor as specified in its charter)

 

Indiana

 

37-1423030

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

7575 West Jefferson Boulevard

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

Recovery Technologies, LLC

(Exact name of obligor as specified in its charter)

 

Indiana

 

35-1942983

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

7575 West Jefferson Boulevard

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

13


 

Scientific Recycling Group, LLC

(Exact name of obligor as specified in its charter)

 

Indiana

 

74-3114069

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

7575 West Jefferson Boulevard

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

Speedbird Aviation, LLC

(Exact name of obligor as specified in its charter)

 

Indiana

 

01-0564393

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

7575 West Jefferson Boulevard

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

 

Superior Aluminum Alloys, LLC

(Exact name of obligor as specified in its charter)

 

Indiana

 

35-2007173

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

 

 

 

7575 West Jefferson Boulevard

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 

14


 

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.

 

 

Name

 

Address

Comptroller of the Currency
United States Department of the
Treasury

 

Washington, D.C. 20219

 

 

 

Federal Reserve Bank

 

San Francisco, California 94105

 

 

 

Federal Deposit Insurance Corporation

 

Washington, D.C. 20429

 

 

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

 

Yes.

 

2.                                      Affiliations with Obligor.

 

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

 

None.

 

16.                               List of Exhibits.

 

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”) and 17 C.F.R. 229.10(d).

 

1.                                       A copy of the articles of association of The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948).

 

2.                                       A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).

 

3.                                       A copy of the authorization of the trustee to exercise corporate trust powers. (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-121948).

 

4.                                       A copy of the existing by-laws of the trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-121948).

 

15


 

6.                                       The consent of the trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-121948).

 

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

 

16


 

SIGNATURE

 

Pursuant to the requirements of the Act, the trustee, The Bank of New York Trust Company, N.A., a 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 13th day of November, 2007.

 

 

THE BANK OF NEW YORK TRUST
COMPANY, N.A.

 

 

 

By:

/S/    J. BARTOLINI

 

 

Name:

J. BARTOLINI

 

 

Title:

VICE PRESIDENT

 

 

17

EXHIBIT 7

 

Consolidated Report of Condition of

THE BANK OF NEW YORK TRUST COMPANY, N.A.

of 700 South Flower Street, Suite 200, Los Angeles, CA 90017

 

At the close of business September 30, 2007, published in accordance with Federal regulatory authority instructions.

 

 

 

Dollar Amounts

 

 

 

in Thousands

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

Cash and balances due from depository institutions:

 

 

 

Noninterest-bearing balances and currency and coin

 

11,268

 

Interest-bearing balances

 

0

 

Securities:

 

 

 

Held-to-maturity securities

 

40

 

Available-for-sale securities

 

115,996

 

Federal funds sold and securities purchased under agreements to resell:

 

 

 

Federal funds sold

 

49,900

 

Securities purchased under agreements to resell

 

108,174

 

Loans and lease financing receivables:

 

 

 

Loans and leases held for sale

 

0

 

Loans and leases, net of unearned income.

 

0

 

LESS: Allowance for loan and lease losses

 

0

 

Loans and leases, net of unearned income and allowance

 

0

 

Trading assets

 

0

 

Premises and fixed assets (including capitalized leases)

 

12,972

 

Other real estate owned

 

0

 

Investments in unconsolidated subsidiaries and associated companies

 

0

 

Not applicable

 

 

 

Intangible assets:

 

 

 

Goodwill

 

871,685

 

Other Intangible Assets

 

308,586

 

Other assets

 

148,668

 

Total assets

 

$

1,627,289

 

 


 

LIABILITIES

 

 

 

 

 

 

 

Deposits:

 

 

 

In domestic offices

 

2,567

 

Noninterest-bearing

 

2,567

 

Interest-bearing.

 

0

 

Not applicable

 

 

 

Federal funds purchased and securities sold under agreements to repurchase:

 

 

 

Federal funds purchased

 

0

 

Securities sold under agreements to repurchase

 

0

 

Trading liabilities

 

0

 

Other borrowed money:

 

 

 

(includes mortgage indebtedness and obligations under capitalized leases)

 

168,691

 

Not applicable

 

 

 

Not applicable

 

 

 

Subordinated notes and debentures

 

0

 

Other liabilities

 

148,215

 

Total liabilities

 

319,473

 

Minority interest in consolidated subsidiaries

 

0

 

 

 

 

 

EQUITY CAPITAL

 

 

 

 

 

 

 

Perpetual preferred stock and related surplus

 

0

 

Common stock

 

1,000

 

Surplus (exclude all surplus related to preferred stock)

 

1,121,520

 

Retained earnings

 

184,893

 

Accumulated other comprehensive income

 

403

 

Other equity capital components

 

0

 

Total equity capital

 

1,307,816

 

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

 

1,627,289

 

 

 

I, Karen Bayz, Vice President of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

 

Karen Bayz

)

 

Vice President

 

 

We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date 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.

 

Michael K. Klugman, President

 

)

 

Frank P. Sulzberger, MD

 

)

Directors (Trustees)

William D. Lindelof, VP

 

)