EX-25.1 3 l23015aexv25w1.htm EX-25.1 EX-25.1
 

 
 
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, Minnesota   55402
 
(Address of principal executive offices)   (Zip Code)
Scott Miller
U.S. Bank National Association
175 South Third Street
Columbus, OH 43215
(614) 849-3402
(Name, address and telephone number of agent for service)
Worthington Industries, Inc.
(Issuer with respect to the Securities)
     
Ohio   31-1189815
 
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification No.)
     
200 Old Wilson Bridge Road    
Columbus, Ohio   43085
 
(Address of Principal Executive Offices)   (Zip Code)
6.70% Notes Due December 1, 2009
(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.
      Yes
Item 2. AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate 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 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.   Report of Condition of the Trustee as of June 30, 2006 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.
 
*   Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.

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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 Columbus, State of Ohio on the 30th of October, 2006.
         
 
  By:   /s/Scott Miller
 
       
 
      Scott Miller
 
      Vice President
         
By:
  /s/Mike Dockman
 
   
 
  Mike Dockman
Vice President

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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: October 30, 2006
         
 
  By:   /s/Scott Miller
 
       
 
      Scott Miller
Vice President
         
By:
  /s/Mike Dockman
 
   
 
  Mike Dockman
Vice President

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Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 6/30/2006
($000’s)
         
    6/30/2006  
Assets
       
Cash and Due From Depository Institutions
  $ 7,250,783  
Securities
    38,280,379  
Federal Funds
    3,206,234  
Loans & Lease Financing Receivables
    138,643,464  
Fixed Assets
    1,738,725  
Intangible Assets
    11,772,884  
Other Assets
    11,661,480  
 
     
Total Assets
  $ 212,553,949  
 
       
Liabilities
       
Deposits
  $ 135,429,440  
Fed Funds
    9,690,491  
Treasury Demand Notes
    0  
Trading Liabilities
    370,355  
Other Borrowed Money
    32,369,084  
Acceptances
    0  
Subordinated Notes and Debentures
    6,909,696  
Other Liabilities
    6,518,843  
 
     
Total Liabilities
  $ 191,287,909  
 
       
Equity
       
Minority Interest in Subsidiaries
  $ 1,033,230  
Common and Preferred Stock
    18,200  
Surplus
    11,804,040  
Undivided Profits
    8,410,170  
 
     
Total Equity Capital
  $ 21,265,640  
 
       
Total Liabilities and Equity Capital
  $ 212,553,549  
 
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/Scott Miller
 
   
 
  Vice President
Date: October 30, 2006

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