EX-25.1 24 a2165625zex-25_1.htm EXHIBIT 25.1

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)             
o

 

THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)

 

New York

 

13-5160382

(State of incorporation

 

(I.R.S. employer

if not a U.S. national bank)

 

identification no.)

 

 

 

One Wall Street, New York, N.Y.

 

10286

(Address of principal executive offices)

 

(Zip code)

 

Accellent Inc.
(Exact name of obligor as specified in its charter)

 

SEE TABLE OF ADDITIONAL REGISTRANTS

 

Maryland

 

84-1507827

(State or other jurisdiction of

 

(I.R.S. employer identification no.)

incorporation or organization)

 

 

 

 

 

100 Fordham Road,

 

 

Wilmington, MA

 

01887

(Address of principal executive offices)

 

(Zip code)

 


 

10 1/2% Senior Subordinated Notes Due 2013

 

Guarantees of 10 ½% Senior Subordinated Notes Due 2014
(Title of the indenture securities)

 

 



 

TABLE OF ADDITIONAL REGISTRANT GUARANTORS

 

 

 

State or Other

 

 

 

 

 

 

 

Jurisdiction of

 

IRS Employer

 

Industrial

 

 

 

Incorporation or

 

Identification

 

Classification Code

 

Exact Name of Registrant as Specified in its Charter

 

Organization

 

Number

 

Number

 

Accellent Corp.

 

Colorado

 

91-2054669

 

3841

 

 

 

 

 

 

 

 

 

American Technical Molding, Inc.

 

California

 

99-0266738

 

3841

 

 

 

 

 

 

 

 

 

Brimfield Acquisition Corp.

 

Delaware

 

51-0386457

 

3841

 

 

 

 

 

 

 

 

 

Brimfield Precision, LLC

 

Delaware

 

04-3457459

 

3841

 

 

 

 

 

 

 

 

 

CE Huntsville Holdings Corp.

 

Delaware

 

54-2181917

 

3841

 

 

 

 

 

 

 

 

 

Cycam, Inc.

 

Pennsylvania

 

25-1567669

 

3841

 

 

 

 

 

 

 

 

 

ELX, Inc.

 

Pennsylvania

 

25-1711485

 

3841

 

 

 

 

 

 

 

 

 

G&D, Inc. d/b/a Star Guide Corporation

 

Colorado

 

84-0718817

 

3841

 

 

 

 

 

 

 

 

 

Hayden Precision Industries

 

Delaware

 

16-1564447

 

3841

 

 

 

 

 

 

 

 

 

Kelco Acquisition, LLC

 

Delaware

 

52-2139676

 

3841

 

 

 

 

 

 

 

 

 

Machining Technology Group, LLC

 

Tennessee

 

62-1755768

 

3841

 

 

 

 

 

 

 

 

 

MedSource Technologies, Inc.

 

Delaware

 

52-2094496

 

3841

 

 

 

 

 

 

 

 

 

MedSource Technologies, LLC

 

Delaware

 

41-1934170

 

3841

 

 

 

 

 

 

 

 

 

MedSource Technologies, Newton Inc.

 

Delaware

 

41-1990432

 

3841

 

 

 

 

 

 

 

 

 

MedSource Technologies Pittsburgh, Inc.

 

Delaware

 

04-3710128

 

3841

 

 

 

 

 

 

 

 

 

MedSource Trenton, Inc.

 

Delaware

 

32-0000036

 

3841

 

 

 

 

 

 

 

 

 

Micro-Guide, Inc.

 

California

 

95-1866997

 

3841

 

 

 

 

 

 

 

 

 

National Wire & Stamping, Inc.

 

Colorado

 

84-0485552

 

3841

 

 

 

 

 

 

 

 

 

Noble-Met, Ltd.

 

Virginia

 

54-1480585

 

3841

 

 

 

 

 

 

 

 

 

Portlyn, LLC

 

Delaware

 

02-0506852

 

3841

 

 

 

 

 

 

 

 

 

Spectrum Manufacturing, Inc.

 

Nevada

 

36-2997517

 

3841

 

 

 

 

 

 

 

 

 

Tenax, LLC

 

Delaware

 

06-1567572

 

3841

 

 

 

 

 

 

 

 

 

Texcel, Inc.

 

Massachusetts

 

04-2973748

 

3841

 

 

 

 

 

 

 

 

 

Thermat Acquisition Corp.

 

Delaware

 

52-2235950

 

3841

 

 

 

 

 

 

 

 

 

UTI Corporation

 

Pennsylvania

 

23-1721795

 

3841

 

 

 

 

 

 

 

 

 

UTI Holding Company

 

Delaware

 

54-0407158

 

3841

 

 

 

 

 

 

 

 

 

Venusa, Ltd.

 

New York

 

13-3029017

 

3841

 

 

2



 

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

Superintendent of Banks of the State of New York

 

2 Rector Street
New York, N.Y.  10006
and Albany, N.Y.  12203

 

 

 

Federal Reserve Bank of New York

 

33 Liberty Plaza, New York, N.Y.  10045

 

 

 

Federal Deposit Insurance Corporation

 

Washington, D.C.  20429

 

 

 

New York Clearing House Association

 

New York, N. Y.  10005

 

(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.

 

3.                                      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 the Organization Certificate of The Bank of New York (formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers.  (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672 and Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637.)

 

2.                                       A copy of the existing By-laws of the Trustee.  (Exhibit 4 to Form T-1 filed with Registration Statement No. 33-31019.)

 

3.                                       The consent of the Trustee required by Section 321(b) of the Act.  (Exhibit 6 to Form T-1 filed with Registration Statement No. 33-44051.)

 

3



 

4.                                       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.

 

 

SIGNATURE

 

 

Pursuant to the requirements of the Act, the Trustee, The Bank of New York, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York, and State of New York, on the 13h day of December, 2005.

 

 

 

THE BANK OF NEW YORK

 

 

 

 

 

By:

/s/

ROBERT A. MASSIMILLO

 

 

 

Name:

ROBERT A. MASSIMILLO

 

 

Title:

VICE PRESIDENT

 

4



 

EXHIBIT 7

 

Consolidated Report of Condition of

 

THE BANK OF NEW YORK

 

of One Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,

a member of the Federal Reserve System, at the close of business September 30, 2005, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.

 

Dollar Amounts in Thousands

 

ASSETS

 

 

 

  1. Cash and balances due from depository institutions (from Schedule RC-A)

 

 

 

a. Noninterest-bearing balances and currency and coin(1)

 

3,223,000

 

b. Interest-bearing balances(2)

 

6,428,000

 

  2. Securities:

 

 

 

a. Held-to-maturity securities (from Schedule RC-B, column A)

 

2,071,000

 

b. Available-for-sale securities (from Schedule RC-B, column D)

 

22,899,000

 

  3. Federal funds sold and securities purchased under agreements to resell

 

 

 

a. Federal funds sold in domestic offices

 

1,783,000

 

b. Securities purchased under agreements to resell(3)

 

271,000

 

  4. Loans and lease financing receivables (from Schedule RC-C):

 

 

 

a. Loans and leases held for sale

 

0

 

b. Loans and leases, net of unearned income

 

34,349,000

 

c. LESS: Allowance for loan and lease losses

 

557,000

 

d. Loans and leases, net of unearned income and allowance (item 4.b minus 4.c)

 

33,792,000

 

  5. Trading assets (from Schedule RC-D)

 

5,761,000

 

  6. Premises and fixed assets (including capitalized leases)

 

801,000

 

  7. Other real estate owned (from Schedule RC-M)

 

0

 

  8. Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M)

 

288,000

 

  9. Customers’ liability to this bank on acceptances outstanding

 

106,000

 

10. Intangible assets:

 

 

 

a. Goodwill

 

2,158,000

 

b. Other intangible assets (from Schedule RC-M)

 

765,000

 

11. Other assets (from Schedule RC-F)

 

5,391,000

 

12. Total assets (sum of items 1 through 11)

 

85,737,000

 

LIABILITIES

 

 

 

13. Deposits:

 

 

 

a. In domestic offices (sum of totals of columns A and C from Schedule RC-E, part I)

 

35,878,000

 

(1) Noninterest-bearing(4)

 

16,458,000

 

(2) Interest-bearing

 

19,420,000

 

b. In foreign offices, Edge and Agreement subsidiaries, and IBFs (from Schedule RC-E, part II)

 

26,474,000

 

(1) Noninterest-bearing

 

448,000

 

(2) Interest-bearing

 

26,026,000

 

14. Federal funds purchased and securities sold under agreements to repurchase

 

 

 

a. Federal funds purchased in domestic offices(5)

 

3,200,000

 

b. Securities sold under agreements to repurchase(6)

 

101,000

 

15. Trading liabilities (from Schedule RC-D)

 

2,914,000

 

16. Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases) (from Schedule RC-M)

 

1,247,000

 

17. Not applicable

 

 

 

18. Bank’s liability on acceptances executed and outstanding

 

108,000

 

19. Subordinated notes and debentures(7)

 

1,440,000

 

20. Other liabilities (from Schedule RC-G)

 

6,119,000

 

21. Total liabilities (sum of items 13 through 20)

 

77,481,000

 

22. Minority interest in consolidated subsidiaries

 

141,000

 

EQUITY CAPITAL

 

 

 

23. Perpetual preferred stock and related surplus

 

0

 

24. Common stock

 

1,135,000

 

25. Surplus (exclude all surplus related to preferred stock)

 

2,092,000

 

26. a. Retained earnings

 

4,976,000

 

b. Accumulated other comprehensive income(8)

 

-88,000

 

27. Other equity capital components(9)

 

0

 

28. Total equity capital (sum of items 23 through 27)

 

8,115,000

 

29. Total liabilities, minority interest, and equity capital (sum of items 21, 22, and 28)

 

85,737,000

 

Memorandum

 

 

 

 



 

I, Thomas J. Mastro, Senior Vice President and Comptroller of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.

 

Thomas J. Mastro,

 

Senior Vice President and Comptroller

 

 

We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We 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 and is true and correct.

 

Thomas A. Renyi

 

 

Gerald L. Hassell

Directors

Alan R. Griffith