EX-25.1 93 dex251.htm STATEMENT OF ELIGIBILITY Statement of Eligibility

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)  ¨

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

Not Applicable

(Jurisdiction of incorporation or organization

if not a U.S. national bank)

  

94-1347393

I.R.S. employer

identification no.)

 

505 Main Street, Suite 301

Fort Worth, Texas

(Address of principal executive offices)

  

76102

(Zip code)

 

Wells Fargo & Company

Law Department, Trust Section

MAC N9305-172

Sixth and Marquette, 17th Floor

Minneapolis, MN 55479

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

 

 

U.S. Concrete, Inc. and Guarantors listed below

(Exact name of obligor as specified in its charter)

 

Delaware

(State or other jurisdiction of

incorporation or organization)

  

76-0586680

(I.R.S. employer

identification no.)

 

2925 Briarpark, Suite 500

Houston, Texas

(Address of principal executive offices)

  

77042

(Zip Code)

 

 

8  3/8% Senior Subordinated Notes due 2014

(Title of the indenture securities)

AFTM CORPORATION

(Guarantor)

 

Michigan

(State or other jurisdiction of

incorporation or organization)

  

38-3246838

(I.R.S. employer

identification no.)

 

AMERICAN CONCRETE PRODUCTS, INC.

(Guarantor)

 

California

(State or other jurisdiction of

incorporation or organization)

  

94-2623187

(I.R.S. employer

identification no.)

 

ATLAS-TUCK CONCRETE, INC.

(Guarantor)

 

Oklahoma

(State or other jurisdiction of

incorporation or organization)

  

73-0741542

(I.R.S. employer

identification no.)

 

BEALL INDUSTRIES, INC.

(Guarantor)

 

Texas

(State or other jurisdiction of

incorporation or organization)

  

75-2052872

(I.R.S. employer

identification no.)

 

BEALL MANAGEMENT, INC.

(Guarantor)

 

Texas

(State or other jurisdiction of

incorporation or organization)

  

75-2879839

(I.R.S. employer

identification no.)

 

CENTRAL CONCRETE SUPPLY CO., INC.

(Guarantor)

 

California

(State or other jurisdiction of

incorporation or organization)

  

94-1181859

(I.R.S. employer

identification no.)

 

CENTRAL PRECAST CONCRETE, INC.

(Guarantor)

 

California

(State or other jurisdiction of

incorporation or organization)

  

94-1459358

(I.R.S. employer

identification no.)

 

 

EASTERN CONCRETE MATERIALS, INC.

(Guarantor)

 

New Jersey

(State or other jurisdiction of

incorporation or organization)

  

22-1521165

(I.R.S. employer

identification no.)

 

READY MIX CONCRETE COMPANY OF KNOXVILLE

(Guarantor)

 

Delaware

(State or other jurisdiction of

incorporation or organization)

  

76-0616376

(I.R.S. employer

identification no.)

 

SAN DIEGO PRECAST CONCRETE, INC.

(Guarantor)

 

Delaware

(State or other jurisdiction of

incorporation or organization)

  

76-0616282

(I.R.S. employer

identification no.)

 

SIERRA PRECAST, INC.

(Guarantor)

 

California

(State or other jurisdiction of

incorporation or organization)

  

94-2274227

(I.R.S. employer

identification no.)

 

SMITH PRE-CAST, INC.

(Guarantor)

 

Delaware

(State or other jurisdiction of

incorporation or organization)

  

76-0630673

(I.R.S. employer

identification no.)

 

SUPERIOR MATERIALS, INC.

(Guarantor)

 

Michigan

(State or other jurisdiction of

incorporation or organization)

  

38-1610118

(I.R.S. employer

identification no.)

 

TITAN CONCRETE INDUSTRIES, INC.

(Guarantor)

 

Delaware

(State or other jurisdiction of

incorporation or organization)

  

76-0616374

(I.R.S. employer

identification no.)

 

BUILDERS’ REDI-MIX, LLC

(Guarantor)

 

Delaware

(State or other jurisdiction of

incorporation or organization)

  

68-0539884

(I.R.S. employer

identification no.)

 

B.W.B., INC. OF MICHIGAN

(Guarantor)

 

Delaware

(State or other jurisdiction of

incorporation or organization)

  

76-0616244

(I.R.S. employer

identification no.)

 

CENTRAL CONCRETE CORP.

(Guarantor)

 

Delaware

(State or other jurisdiction of

incorporation or organization)

  

76-0630676

(I.R.S. employer

identification no.)

 

SUPERIOR CONCRETE MATERIALS, INC.

(Guarantor)

 

District of Columbia

(State or other jurisdiction of

incorporation or organization)

  

52-1046503

(I.R.S. employer

identification no.)

 

BEALL CONCRETE ENTERPRISES, LTD.

(Guarantor)

 

Texas

(State or other jurisdiction of

incorporation or organization)

  

76-0643536

(I.R.S. employer

identification no.)

 

CONCRETE XXIX ACQUISITION, INC.

(Guarantor)

 

Delaware

(State or other jurisdiction of

incorporation or organization)

  

76-0630665

(I.R.S. employer

identification no.)

 

CONCRETE XXX ACQUISITION, INC.

(Guarantor)

 

Delaware

(State or other jurisdiction of

incorporation or organization)

  

76-0630662

(I.R.S. employer

identification no.)

 

USC ATLANTIC, INC.

(Guarantor)

 

Delaware

(State or other jurisdiction of

incorporation or organization)

  

76-0630666

(I.R.S. employer

identification no.)

 

USC MICHIGAN, INC.

(Guarantor)

 

Delaware

(State or other jurisdiction of

incorporation or organization)

  

76-0630672

(I.R.S. employer

identification no.)

 

USC GP, INC.

(Guarantor)

 

Delaware

(State or other jurisdiction of

incorporation or organization)

  

76-0608060

(I.R.S. employer

identification no.)

 

USC MANAGEMENT CO., L.P.

(Guarantor)

 

Texas

(State or other jurisdiction of

incorporation or organization)

  

76-0608062

(I.R.S. employer

identification no.)

 

WYOMING CONCRETE INDUSTRIES, INC.

(Guarantor)

 

Delaware

(State or other jurisdiction of

incorporation or organization)

  

76-0630668

(I.R.S. employer

identification no.)

 

 

 

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. 20230

 

Federal Deposit Insurance Corporation

Washington, D.C. 20429

 

Federal Reserve Bank of San Francisco

San Francisco, CA 94120

 

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

 

The trustee is authorized to exercise corporate trust powers.

 

Item 2. Affiliations with the 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.

 

Wells Fargo Bank incorporates by reference into this Form T-1 exhibits attached hereto.

 

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 for Wells Fargo Bank, National Association, dated November 28, 2001.*

 

Exhibit 3. A copy of the authorization of the trustee to exercise corporate trust powers. A copy of the Comptroller of the Currency Certificate of Corporate Existence (with Fiduciary Powers) for Wells Fargo Bank, National Association, dated November 28, 2001.*

 

Exhibit 4. Copy of By-laws of the trustee as now in effect.*

 

Exhibit 5. Not applicable.

 

Exhibit 6. The consents of United States institutional trustees 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 Exhibit 25.1 to Registration Statement No. 333-87398 filed by Meritage Corp. on May 1, 2002.

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 Fort Worth and State of Texas on the 5th day of May, 2004.

 

WELLS FARGO BANK, NATIONAL ASSOCIATION
By:   /s/    Melissa Scott        
   
    Melissa Scott, Vice President

Exhibit 6

 

May 5, 2004

 

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 thereof.

 

Very truly yours,
WELLS FARGO BANK, NATIONAL ASSOCIATION
By:   /s/    Melissa Scott        
   
    Melissa Scott, Vice President

Exhibit 7a and 7b

Exhiibit 7(a)

 

Consolidated Report of Condition of

 

Wells Fargo Bank National Association

of 420 Montgomery Street, San Francisco, CA 94163

And Foreign and Domestic Subsidiaries,

at the close of business December 31, 2003, 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

         $ 11,411

Interest-bearing balances

           3,845

Securities:

            

Held-to-maturity securities

           0

Available-for-sale securities

           17,052

Federal funds sold and securities purchased under agreements to resell:

            

Federal funds sold in domestic offices

           516

Securities purchased under agreements to resell

           109

Loans and lease financing receivables:

            

Loans and leases held for sale

           14,571

Loans and leases, net of unearned income

    172,511       

LESS: Allowance for loan and lease losses

    1,554       

Loans and leases, net of unearned income and allowance

           170,957

Trading Assets

           6,255

Premises and fixed assets (including capitalized leases)

           2,067

Other real estate owned

           144

Investments in unconsolidated subsidiaries and associated companies

           306

Customers’ liability to this bank on acceptances outstanding

           68

Intangible assets

            

Goodwill

           6,814

Other intangible assets

           7,501

Other assets

           8,858
         

Total assets

         $ 250,474
         

LIABILITIES

            

Deposits:

            

In domestic offices

         $ 157,695

Noninterest-bearing

    44,315       

Interest-bearing

    113,380       

In foreign offices, Edge and Agreement subsidiaries, and IBFs

           16,249

Noninterest-bearing

    6       

Interest-bearing

    16,243       

Federal funds purchased and securities sold under agreements to repurchase:

            

Federal funds purchased in domestic offices

           14,685

Securities sold under agreements to repurchase

           1,613

 

     Dollar
Amounts
In Millions

Trading liabilities

      4,277

Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)

      18,212

Bank’s liability on acceptances executed and outstanding

      68

Subordinated notes and debentures

      6,742

Other liabilities

      7,358
    

Total liabilities

    $ 226,899

Minority interest in consolidated subsidiaries

      60

EQUITY CAPITAL

       

Perpetual preferred stock and related surplus

      0

Common stock

      520

Surplus (exclude all surplus related to preferred stock)

      17,709

Retained earnings

      4,920

Accumulated other comprehensive income

      366

Other equity capital components

      0
    

Total equity capital

      23,515
    

Total liabilities, minority interest, and equity capital

    $ 250,474
    

 

I, James E. Hanson, Vice President 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.

 

James E. Hanson

Vice President

 

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.

 

Carrie L. Tolstedt     
Howard Atkins   

Directors

John Stumpf     

 

Exhibit 7(b)

 

Consolidated Report of Condition of

 

Wells Fargo Bank Minnesota, National Association

of Sixth Street and Marquette Avenue, Minneapolis, MN 55479

And Foreign and Domestic Subsidiaries,

at the close of business December 31, 2003, 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

         $ 1,322

Interest-bearing balances

           127

Securities:

            

Held-to-maturity securities

           0

Available-for-sale securities

           2,568

Federal funds sold and securities purchased under agreements to resell:

            

Federal funds sold in domestic offices

           1,053

Securities purchased under agreements to resell

           0

Loans and lease financing receivables:

            

Loans and leases held for sale

           14,457

Loans and leases, net of unearned income

    27,715       

LESS: Allowance for loan and lease losses

    284       

Loans and leases, net of unearned income and allowance

           27,431

Trading Assets

           49

Premises and fixed assets (including capitalized leases)

           180

Other real estate owned

           12

Investments in unconsolidated subsidiaries and associated companies

           0

Customers’ liability to this bank on acceptances outstanding

           22

Intangible assets

            

Goodwill

           291

Other intangible assets

           9

Other assets

           1,281
         

Total assets

         $ 48,802
         

LIABILITIES

            

Deposits:

            

In domestic offices

         $ 29,890

Noninterest-bearing

    17,097       

Interest-bearing

    12,793       

In foreign offices, Edge and Agreement subsidiaries, and IBFs

           4

Noninterest-bearing

    0       

Interest-bearing

    4       

Federal funds purchased and securities sold under agreements to repurchase:

            

Federal funds purchased in domestic offices

           9,295

Securities sold under agreements to repurchase

           237

     Dollar Amounts
In Millions

Trading liabilities

      2

Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)

      4,543

Bank’s liability on acceptances executed and outstanding

      22

Subordinated notes and debentures

      0

Other liabilities

      973
    

Total liabilities

    $ 44,966

Minority interest in consolidated subsidiaries

      0

EQUITY CAPITAL

       

Perpetual preferred stock and related surplus

      0

Common stock

      100

Surplus (exclude all surplus related to preferred stock)

      2,134

Retained earnings

      1,546

Accumulated other comprehensive income

      56

Other equity capital components

      0
    

Total equity capital

      3,836
    

Total liabilities, minority interest, and equity capital

    $ 48,802
    

 

I, Karen B. Martin, Vice President 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.

 

Karen B. Martin

Vice President

 

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.

 

Jon R. Campbell            
Marilyn A. Dahl   Directors        
Gerald B. Stenson