EX-25.1 7 a2193324zex-25_1.htm EXHIBIT 25.1

Exhibit 25.1

 

 

 

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

 


 

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

 

(I.R.S. Employer

organization if not a U.S. national

 

Identification No.)

bank)

 

 

 

 

 

101 North Phillips Avenue

 

 

Sioux Falls, South Dakota

 

57104

(Address of principal executive offices)

 

(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)

 


 

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, IN

 

46804

(Address of principal executive offices)

 

(Zip code)

 


 

Convertible Senior Notes due 2014

(Title of the indenture securities)

 

 

 



 

GUARANTORS

 

Exact Name of Registrant as
Specified in its Charter

 

State or Other
Jurisdiction of
Incorporation of
Organization

 

Primary
Standard
Industrial
Classification
Code Number

 

IRS Employer
Identification
Number

 

Address, including Zip Code
and Telephone Number,
including Area Code,
of each Registrant’s Principal
Executive Office

Admetco, Inc.

 

Indiana

 

423930

 

35-1414016

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

Atlantic Scrap and Processing—Wilmington, LLC

 

North Carolina

 


423930

 


83-0418527

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

Auburn Investment Company, LLC

 

Indiana

 


423930

 


20-2929000

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

Capitol City Metals, LLC

 

Indiana

 


423930

 


35-1937132

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

Carolinas Recycling Group, LLC

 

South Carolina

 


423930

 


57-1075008

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

Cohen & Green Salvage Co., Inc.

 

North Carolina

 


423930

 


56-0614099

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

Global Shredding Technologies Ltd., LLC

 

Indiana

 


423930

 


35-2026465

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

Industrial Scrap Corporation

 

Indiana

 


423930

 


35-2064199

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

Industrial Scrap, LLC

 

Indiana

 


423930

 


35-2064308

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

Jackson Iron & Metal Company, Inc.

 

Michigan

 


423930

 


38-2604041

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

John W. Hancock, Jr., LLC

 

Virginia

 


533110

 


54-0460919

 

6714 Pointe Inverness Way,
Suite 200
Fort Wayne, IN 46804
260-459-3553

 



 

Exact Name of Registrant as
Specified in its Charter

 

State or Other
Jurisdiction of
Incorporation of
Organization

 

Primary Standard
Industrial
Classification
Code Number

 

IRS Employer
Identification
Number

 

Address, including Zip Code
and Telephone Number,
including Area Code,
of each Registrant’s Principal
Executive Office

Lumberton Recycling Company, Inc.

 

North Carolina

 

423930

 

56-1288568

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

Lucky Strike Metals, LLC

 

Indiana

 


423930

 


20-2025059

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

Marshall Steel, Inc.

 

Delaware

 


533110

 


62-1527726

 

6714 Pointe Inverness Way,
Suite 200
Fort Wayne, IN 46804
260-459-3553

 

 

 

 

 

 

 

 

 

Michigan Properties Ecorse, LLC

 

Indiana

 


423930

 


20-4332346

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

New Millennium Building Systems, Inc.

 

South Carolina

 


533110

 


57-0477521

 

6714 Pointe Inverness Way,
Suite 200
Fort Wayne, IN 46804
260-459-3553

 

 

 

 

 

 

 

 

 

New Millennium Building Systems, LLC

 

Indiana

 


533110

 


35-2083989

 

6714 Pointe Inverness Way,
Suite 200
Fort Wayne, IN 46804
260-459-3553

 

 

 

 

 

 

 

 

 

OmniSource Athens Division, LLC

 

Indiana

 


423930

 


35-2123556

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

OmniSource Bay City, LLC

 

Indiana

 


423930

 


36-4544347

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

OmniSource Corporation

 

Indiana

 


423930

 


35-0809317

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

OmniSource Indianapolis, LLC

 

Indiana

 


423930

 


20-4051458

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

OmniSource Mexico, LLC

 

Indiana

 


423930

 


26-0194166

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

OmniSource Southeast, LLC

 

Delaware

 


423930

 


56-2256626

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 



 

Exact Name of Registrant as
Specified in its Charter

 

State or Other
Jurisdiction of
Incorporation of
Organization

 

Primary
Standard
Industrial
Classification
Code Number

 

IRS Employer
Identification
Number

 

Address, including Zip Code
and Telephone Number,
including Area Code,
of each Registrant’s Principal
Executive Office

OmniSource Transport, LLC

 

Indiana

 

423930

 

35-2084965

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

OmniSource, LLC

 

Indiana

 


423930

 


35-2046863

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

Raeford Salvage Company, Inc.

 

North Carolina

 


423930

 


56-1288568

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

Recovery Technologies, LLC

 

Indiana

 


423930

 


35-1942983

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

Roanoke Electric Steel Corporation

 

Indiana

 


533110

 


20-3663442

 

6714 Pointe Inverness Way,
Suite 200
Fort Wayne, IN 46804
260-459-3553

 

 

 

 

 

 

 

 

 

Scientific Recycling Group, LLC

 

Indiana

 


423930

 


74-3114069

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

SDI Investment Company

 

Delaware

 


533110

 


51-0397408

 

6714 Pointe Inverness Way,
Suite 200
Fort Wayne, IN 46804
260-459-3553

 

 

 

 

 

 

 

 

 

Shredded Products II, LLC

 

Indiana

 


533110

 


20-8714353

 

6714 Pointe Inverness Way,
Suite 200
Fort Wayne, IN 46804
260-459-3553

 

 

 

 

 

 

 

 

 

SOCAR of Ohio, Inc.

 

Ohio

 


533110

 


34-1097158

 

6714 Pointe Inverness Way,
Suite 200
Fort Wayne, IN 46804
260-459-3553

 

 

 

 

 

 

 

 

 

Steel Dynamics Sales North America, Inc.

 

Indiana

 


533110

 


32-0042039

 

6714 Pointe Inverness Way,
Suite 200
Fort Wayne, IN 46804
260-459-3553

 

 

 

 

 

 

 

 

 

Steel of West Virginia, Inc.

 

Delaware

 


533110

 


55-0684304

 

6714 Pointe Inverness Way,
Suite 200
Fort Wayne, IN 46804
260-459-3553

 



 

Exact Name of Registrant as
Specified in its Charter

 

State or Other
Jurisdiction of
Incorporation of
Organization

 

Primary Standard
Industrial
Classification
Code Number

 

IRS Employer
Identification
Number

 

Address, including Zip Code
and Telephone Number,
including Area Code,
of each Registrant’s Principal
Executive Office

Steel Ventures, Inc.

 

Delaware

 

533110

 

55-0740037

 

6714 Pointe Inverness Way,
Suite 200
Fort Wayne, IN 46804
260-459-3553

 

 

 

 

 

 

 

 

 

Superior Aluminum Alloys, LLC

 

Indiana

 


423930

 


35-2007173

 

7575 West Jefferson Blvd.
Fort Wayne, IN 46804
260-422-5541

 

 

 

 

 

 

 

 

 

SWVA, Inc.

 

Delaware

 


533110

 


55-0621605

 

6714 Pointe Inverness Way,
Suite 200
Fort Wayne, IN 46804
260-459-3553

 

 

 

 

 

 

 

 

 

The Techs Industries, Inc.

 

Delaware

 


533110

 


20-0540361

 

6714 Pointe Inverness Way,
Suite 200
Fort Wayne, IN 46804
260-459-3553

 



 

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 and Fiduciary Powers for Wells Fargo Bank, National Association, dated February 4, 2004.**

 

Exhibit 3.               See Exhibit 2

 

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 filed as exhibit 25 to the Form S-4 dated December 30, 2005 of file number 333-130784-06.

 

**   Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of file number 022-28721.

 

*** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated May 26, 2005 of file number 333-125274.

 



 

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 Chicago and State of Illinois on the 1st day of June 2009.

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

 

 

 

 

 

/s/Gregory S. Clarke

 

 

Gregory S. Clarke

 

 

Vice President

 

 


 

EXHIBIT 6

 

June 1, 2009

 

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 therefor.

 

 

 

Very truly yours,

 

 

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

 

 

 

 

/s/Gregory S. Clarke

 

 

Gregory S. Clarke

 

 

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 March 31, 2009, 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

 

 

 

$

12,028

 

Interest-bearing balances

 

 

 

10,631

 

Securities:

 

 

 

 

 

Held-to-maturity securities

 

 

 

0

 

Available-for-sale securities

 

 

 

102,802

 

Federal funds sold and securities purchased under agreements to resell:

 

 

 

 

 

Federal funds sold in domestic offices

 

 

 

7,380

 

Securities purchased under agreements to resell

 

 

 

1,122

 

Loans and lease financing receivables:

 

 

 

 

 

Loans and leases held for sale

 

 

 

28,411

 

Loans and leases, net of unearned income

 

332,448

 

 

 

LESS: Allowance for loan and lease losses

 

10,240

 

 

 

Loans and leases, net of unearned income and allowance

 

 

 

322,208

 

Trading Assets

 

 

 

11,401

 

Premises and fixed assets (including capitalized leases)

 

 

 

4,281

 

Other real estate owned

 

 

 

1,172

 

Investments in unconsolidated subsidiaries and associated companies

 

 

 

438

 

Intangible assets

 

 

 

 

 

Goodwill

 

 

 

11,381

 

Other intangible assets

 

 

 

13,099

 

Other assets

 

 

 

25,816

 

 

 

 

 

 

 

Total assets

 

 

 

$

552,170

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

Deposits:

 

 

 

 

 

In domestic offices

 

 

 

$

316,654

 

Noninterest-bearing

 

76,832

 

 

 

Interest-bearing

 

239,822

 

 

 

In foreign offices, Edge and Agreement subsidiaries, and IBFs

 

 

 

55,774

 

Noninterest-bearing

 

1,002

 

 

 

Interest-bearing

 

54,772

 

 

 

Federal funds purchased and securities sold under agreements to repurchase:

 

 

 

 

 

Federal funds purchased in domestic offices

 

 

 

32,172

 

Securities sold under agreements to repurchase

 

 

 

13,234

 

 



 

 

 

 

 

Dollar Amounts

 

 

 

 

 

In Millions

 

 

 

 

 

 

 

Trading liabilities

 

 

 

7,432

 

Other borrowed money

 

 

 

 

 

(includes mortgage indebtedness and obligations under capitalized leases)

 

 

 

46,503

 

Subordinated notes and debentures

 

 

 

16,011

 

Other liabilities

 

 

 

19,122

 

 

 

 

 

 

 

Total liabilities

 

 

 

$

506,902

 

 

 

 

 

 

 

EQUITY CAPITAL

 

 

 

 

 

Perpetual preferred stock and related surplus

 

 

 

0

 

Common stock

 

 

 

520

 

Surplus (exclude all surplus related to preferred stock)

 

 

 

29,112

 

Retained earnings

 

 

 

17,471

 

Accumulated other comprehensive income

 

 

 

(2,007

)

Other equity capital components

 

 

 

0

 

 

 

 

 

 

 

Total equity capital

 

 

 

45,096

 

Noncontrolling (minority) interests in consolidated subsidiaries

 

 

 

172

 

 

 

 

 

 

 

Total equity capital

 

 

 

45,268

 

 

 

 

 

 

 

Total liabilities, minority interest, and equity capital

 

 

 

$

552,170

 

 

I, Howard I. Atkins, 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.

 

 

Howard I. Atkins

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.

 

Dave Hoyt

 

 

John Stumpf

 

Directors

Carrie Tolstedt