EX-25.1 6 dex251.htm STATEMENT OF ELIGIBILITY OF TRUSTEE Statement of Eligibility of Trustee

 

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

 

CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE

PURSUANT TO SECTION 305(b)(2)

 


 

U.S. BANK NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

31-0841368

(I.R.S. Employer

Identification No.)

 

180 East Fifth Street

St. Paul, Minnesota

(Address of principal

executive offices)

     

55101

(Zip code)

 

Gerald R. Wheeler

U.S. Bank National Association

One Federal Street

Boston, MA 02110

617-603-6552

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

 


 

SBA Communications Corporation

SBA Telecommunications, Inc.

(Exact name of obligor as specified in its charter)

 

Florida   65-0716501/65-0820356

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

5900 Broken Sound Parkway NW

Boca Raton, Florida

  33487
(Address of principal executive offices)   (Zip code)

 


 

9¾% Senior Discount Notes Due 2011

(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.

 

Comptroller of the Currency

Washington, D.C.

 

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

 

Yes

 

Item 2. AFFILIATIONS WITH OBLIGORS. If the obligors are affiliates of the trustee, describe each such affiliation.

 

None

 

Items 3-15. Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligors are not in default under any Indenture for which the Trustee acts as Trustee.

 

Item 16. LIST OF EXHIBITS. List below all exhibits filed as a part of this statement of eligibility and qualification.

 

1. A copy of the Articles of Association of the Trustee.*

 

2. A copy of the certificate of authority of the Trustee to commence business.*

 

3. A copy of the certificate of authority of the Trustee to exercise corporate trust powers.*

 

4. A copy of the existing bylaws of the Trustee.*

 

5. A copy of each Indenture referred to in Item 4. Not applicable.

 

6. The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

 

7. Report of Condition of the Trustee as of December 31, 2003, published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.


* Incorporated by reference to Registration Number 333-67188 dated November 16, 2001.

 

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NOTE

 

The answers to this statement insofar as such answers relate to what persons have been underwriters for any securities of the obligors within three years prior to the date of filing this statement, or what persons are owners of 10% or more of the voting securities of the obligors, or affiliates, are based upon information furnished to the Trustee by the obligors. While the Trustee has no reason to doubt the accuracy of any such information, it cannot accept any responsibility therefor.

 

SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, U.S. 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 Boston and the Commonwealth of Massachusetts on the 16th day of April 2004.

 

U.S. BANK NATIONAL ASSOCIATION
By:  

/s/    Gerald R. Wheeler

   
   

Gerald R. Wheeler

Vice President

 

By:  

/s/    Paul D. Allen

   
   

Paul D. Allen

Vice President

 

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Exhibit 6

 

CONSENT

 

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

 

Dated: April 16, 2004

 

U.S. BANK NATIONAL ASSOCIATION
By:  

/s/    Gerald R. Wheeler

   
   

Gerald R. Wheeler

Vice President

 

By:  

/s/    Paul D. Allen

   
   

Paul D. Allen

Vice President

 

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Exhibit 7

 

U.S. Bank National Association

Statement of Financial Condition

As of 12/31/2003

 

     12/31/2003

Assets

      

Cash and Due From Depository Institutions

   $ 8,631,361

Federal Reserve Stock

     0

Securities

     42,963,396

Federal Funds

     2,585,353

Loans & Lease Financing Receivables

     114,727,656

Fixed Assets

     1,840,487

Intangible Assets

     9,545,158

Other Assets

     8,865,639
    

Total Assets

   $ 189,159,050

Liabilities

      

Deposits

   $ 128,249,183

Fed Funds

     8,683,536

Treasury Demand Notes

     0

Trading Liabilities

     213,447

Other Borrowed Money

     21,664,023

Acceptances

     123,996

Subordinated Notes and Debentures

     5,953,524

Other Liabilities

     5,173,011
    

Total Liabilities

   $ 170,060,720

Equity

      

Minority Interest in Subsidiaries

   $ 1,002,595

Common and Preferred Stock

     18,200

Surplus

     11,677,397

Undivided Profits

     6,400,138
    

Total Equity Capital

   $ 19,098,330

Total Liabilities and Equity Capital

   $ 189,159,050

To the best of the undersigned’s determination, as of the date hereof, the above financial information is true and correct.

 

U.S. Bank National Association

 

By:  

/s/    Gerald R. Wheeler

   
   

Gerald R. Wheeler

Vice President

 

Date: April 16, 2004

 

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