EX-25.1 4 a2153845zex-25_1.htm EXHIBIT 25.1
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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
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.

800 Nicollet Mall
Minneapolis, MN
(Address of principal executive offices)
 
55402-7000
(Zip Code)

Brad E. Scarbrough
U.S. Bank National Association
633 W. 5TH Street, 24th Floor
Los Angeles, CA 90071
(213) 615-6047
(Name, address and telephone number of agent for service)

Abgenix, Inc
(Issuer with respect to the Securities)

DELAWARE
(State or other jurisdiction of incorporation
or organization)

 

94-3248826
(I.R.S. Employer Identification No.)

6701 Kaiser Drive
Fremont, CA
(Address of Principal Executive Offices)

 


94555
(Zip Code)

ABGENIX, INC.
1.75% CONVERTIBLE SENIOR NOTES DUE DECEMBER 15, 2011
(Title of the Indenture Securities)





FORM T-1

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.

        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

      In answering this item, the trustee has relied, in part, upon information furnished by the obligor and the underwriters, and the trustee disclaims responsibility for the accuracy or completeness of such information. The trustee has also examined its own books and records for the purpose of answering this item.

Items 3-15 Items 3-15 are not applicable because to the best of the Trustee's knowledge, the obligor is 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.
    A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.

    *
    Incorporated by reference to Registration Number 333-67188.

      A copy of the Articles of Association of the trustee, as now in effect, is on file with the Securities and Exchange Commission as an Exhibit with corresponding exhibit number to the Form T-1 of Structured Obligations Corporation, filed pursuant to Section 305(b)(2) of the Trust Indenture Act of 1939, as amended (the "Act"), on November 16, 2001 (Registration No. 333-67188), and is incorporated herein by reference.



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 and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Los Angeles, State of California on the 2nd day of March 2005.

    U.S. BANK NATIONAL ASSOCIATION

 

 

By:

Brad E. Scarbrough

Brad E. Scarbrough
Vice President

2



Exhibit 6


CONSENT

        In accordance with Section 321(b) of the Trust Indenture Act of 1939, 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: March 2, 2005

    U.S. BANK NATIONAL ASSOCIATION

 

 

By:

Brad E. Scarbrough

Brad E. Scarbrough
Vice President

3



Exhibit 7


U.S. Bank National Association
Statement of Financial Condition
As of 12/31/2004

($000's)

 
  12/31/2004
Assets      
  Cash and Due From Depository Institutions   $ 6,340,324
  Federal Reserve Stock     0
  Securities     41,160,517
  Federal Funds     2,727,496
  Loans & Lease Financing Receivables     122,755,374
  Fixed Assets     1,861,688
  Intangible Assets     10,104,022
  Other Assets     9,487,217
   
    Total Assets   $ 194,436,638

Liabilities

 

 

 
  Deposits   $ 128,301,617
  Fed Funds     3,378,614
  Treasury Demand Notes     4,848,145
  Trading Liabilities     156,654
  Other Borrowed Money     25,478,470
  Acceptances     94,553
  Subordinated Notes and Debentures     6,386,971
  Other Liabilities     5,910,141
   
    Total Liabilities   $ 174,555,165

Equity

 

 

 
  Minority Interest in Subsidiaries   $ 1,016,160
  Common and Preferred Stock     18,200
  Surplus     11,792,288
  Undivided Profits     7,054,825
   
    Total Equity Capital   $ 19,881,473

Total Liabilities and Equity Capital

 

$

194,436,638

U.S. Bank National Association

By: Brad E. Scarbrough
Vice President
 

Date: March 2, 2005

4




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FORM T-1
NOTE
SIGNATURE
Exhibit 6
CONSENT
Exhibit 7
U.S. Bank National Association Statement of Financial Condition As of 12/31/2004 ($000's)