EX-25.1 7 k85248exv25w1.htm STATEMENT OF ELIGIBILITY OF TRUSTEE, ON FORM T-1 exv25w1
 

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) |__|


BNY MIDWEST TRUST COMPANY
(formerly known as CTC Illinois Trust Company)
(Exact name of trustee as specified in its charter)

     
Illinois   36-3800435
(State of incorporation   (I.R.S. employer
if not a U.S. national bank)   identification no.)
     
2 North LaSalle Street    
Suite 1020    
Chicago, Illinois   60602
(Address of principal executive offices)   (Zip code)


American Axle & Manufacturing, Inc.
(Exact name of obligor as specified in its charter)

     
Delaware   38-3138388
(State or other jurisdiction of   (I.R.S. employer
incorporation or organization)   identification no.)

American Axle & Manufacturing Holdings, Inc.
(Exact name of obligor as specified in its charter)

     
Delaware
(State or other jurisdiction of
incorporation or organization)
  36-3161171
(I.R.S. employer
identification no.)
     
One Dauch Drive
Detroit, Michigan
(Address of principal executive offices)
  48211
(Zip code)


2.00% Senior Convertible Notes due 2024
(Title of the indenture securities)



 


 

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
     
  Office of Banks & Trust Companies of the State of Illinois   500 E. Monroe Street
Springfield, Illinois 62701-1532
 
       
  Federal Reserve Bank of Chicago   230 S. LaSalle Street
Chicago, Illinois 60603

(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 Articles of Incorporation of BNY Midwest Trust Company (formerly CTC Illinois Trust Company, formerly Continental Trust Company) as now in effect. (Exhibit 1 to Form T-1 filed with the Registration Statement No. 333-47688.)
 
2,3.   A copy of the Certificate of Authority of the Trustee as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 2 to Form T-1 filed with the Registration Statement No. 333-47688.)
 
4.      A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 filed with the Registration Statement No. 333-47688.)
 
6.      The consent of the Trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with the Registration Statement No. 333-47688.)
 
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.

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SIGNATURE

     Pursuant to the requirements of the Act, the Trustee, BNY Midwest Trust Company, a corporation organized and existing under the laws of the State of Illinois, 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 4th day of May, 2004.

         
  BNY Midwest Trust Company
 
       
  By:   /s/ R. ELLWANGER
       
      Name: R. ELLWANGER
      Title: ASSISTANT VICE PRESIDENT

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OFFICE OF BANKS AND REAL ESTATE
Bureau of Banks and Trust Companies

CONSOLIDATED REPORT OF CONDITION
OF

BNY Midwest Trust Company
2 North LaSalle Street
Suite 1020
Chicago, Illinois 60602

Including the institution’s domestic and foreign subsidiaries completed as of the close of business on December 31, 2003, submitted in response to the call of the Office of Banks and Real Estate of the State of Illinois.

                 
        ASSETS   Thousands of Dollars
            (000)
  1.    
Cash and Due from Depository Institutions
    40,626  
  2.    
U.S. Treasury Securities
    -0-  
  3.    
Obligations of States and Political Subdivisions
    -0-  
  4.    
Other Bonds, Notes and Debentures
    -0-  
  5.    
Corporate Stock
    -0-  
  6.    
Trust Company Premises, Furniture, Fixtures and Other
       
       
Assets Representing Trust Company Premises
    741  
  7.    
Accounts Receivable
    5,938  
  8.    
Goodwill
    86,813  
  9.    
Intangibles
    -0-  
  10.    
Other Assets
    59  
       
(Itemize amounts greater than 15% of Line 10)
       
       
Deferred Expenses
45      
       
Accrued Interest Receivable – Intercompany
14      
  11.    
TOTAL ASSETS
    134,177  

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OFFICE OF BANKS AND REAL ESTATE
Bureau of Banks and Trust Companies

CONSOLIDATED REPORT OF CONDITION
OF

BNY Midwest Trust Company
2 North LaSalle Street
Suite 1020
Chicago, Illinois 60602

                 
        LIABILITIES   Thousands of Dollars
  12.    
Accounts Payable
    -0-  
  13.    
Taxes Payable
    2,810  
  14.    
Other Liabilities for Borrowed Money
    25,425  
  15.    
Other Liabilities
       
     
(Itemize amounts greater than 15% of Line 14)
     
     
Reserve for Taxes
8,770    
     
  10,332  
  16.    
TOTAL LIABILITIES
    38,567  
        EQUITY CAPITAL        
  17.    
Preferred Stock
    -0-  
  18.    
Common Stock
    2,000  
  19.    
Surplus
    67,130  
  20.    
Reserve for Operating Expenses
    -0-  
  21.    
Retained Earnings (Loss)
    26,480  
  22.    
TOTAL EQUITY CAPITAL
    95,610  
  23.    
TOTAL LIABILITIES AND EQUITY CAPITAL
    134,177  

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I, Robert L. DePaola, Vice President


(Name and Title of Officer Authorized to Sign Report)

of BNY Midwest Trust Company certify that the information contained in this statement is accurate to the best of my knowledge and belief. I understand that submission of false information with the intention to deceive the Commissioner or his Administrative officers is a felony.

/s/ Robert L. DePaola


(Signature of Officer Authorized to Sign Report)

Sworn to and subscribed before me this 23rd day of January     , 2004.

My Commission expires May 15, 2007.

/s/ Joseph A. Giacobino, Notary Public

(Notary Seal)

Person to whom Supervisory Staff should direct questions concerning this report.

     
Emmie Chan   Assistant Treasurer
Name
  Title

(212) 437-5639


Telephone Number (Extension)

eychan@bankofny.com


E-mail

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