EX-25.1 5 g92801exv25w1.txt EX-25.1 STATEMENT OF ELIGIBILITY OF THE BANK OF NEW YORK TRUST COMPANY 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) |__| --------------------------- THE BANK OF NEW YORK TRUST COMPANY, N.A. (Exact name of trustee as specified in its charter) 95-3571558 (State of incorporation (I.R.S. employer if not a U.S. national bank) identification no.) 700 S. FLOWER STREET 2ND FLOOR LOS ANGELES, CALIFORNIA 90017-4104 (Address of principal executive offices) (Zip code) --------------------------- THE BANK OF NEW YORK TRUST COMPANY, N.A. 100 ASHFORD CENTER NORTH, SUITE 520 ATLANTA, GA 30338 ATTN: BARBARA K. ROYAL (770) 698-5131 (Name, address, and telephone number of agent for service) --------------------------- AIRGATE PCS, INC. (Exact name of obligor as specified in its charter) DELAWARE 58-2422929 (State or other jurisdiction of (I.R.S. employer incorporation or organization) identification no.) HARRIS TOWER 30303 233 PEACHTREE STREET, N.E. (Zip code) SUITE 1700 ATLANTA, GEORGIA (Address of principal executive offices) --------------------------- First Priority Senior Secured Floating Rate Notes due 2011 (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 -------------------------------------------------------------------------------- COMPTROLLER OF THE CURRENCY WASHINGTON, D.C. 20219 UNITED STATES DEPARTMENT OF THE TREASURY FEDERAL RESERVE BANK ATLANTA, GEORGIA 30309 FEDERAL DEPOSIT INSURANCE CORPORATION WASHINGTON, D.C. 20429 (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 the articles of association of The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-122050). 2. A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-122050). 3. A copy of the authorization of the trustee to exercise corporate trust powers. (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-122050). 4. A copy of the existing by-laws of the trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-122050). 6. The consent of the trustee required by Section 321(b) of the Act. 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. -2- SIGNATURE Pursuant to the requirements of the Act, the trustee, The Bank of New York Trust Company, N.A., a corporation 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 Atlanta, and State of Georgia, on the 21st day of January, 2005. THE BANK OF NEW YORK TRUST COMPANY, N.A. By: /s/ Barbara K. Royal ---------------------------------- Name: Barbara K. Royal Title: Assistant Vice President -3- EXHIBIT 6 CONSENT OF THE TRUSTEE Pursuant to the requirements of Section 321 (b) of the Trust Indenture Act of 1939, The Bank of New York Trust Company, N.A., hereby consents that reports of examinations by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon request therefor. THE BANK OF NEW YORK TRUST COMPANY, N.A. By: /s/ Barbara K. Royal ------------------------------- Name: Barbara K. Royal Title: Assistant Vice President Atlanta, Georgia January 21, 2005 -4- EXHIBIT 7 Consolidated Report of Condition of THE BANK OF NEW YORK TRUST COMPANY, N.A. of 700 S. Flower Street, 2nd Floor, Los Angeles, CA 90017 At the close of business November 30, 2004, published in accordance with Federal regulatory authority instructions.
Dollar Amounts in Thousands ASSETS Cash and balances due from depository institutions: Noninterest-bearing balances and currency and coin..................................................................... 11,020 Interest-bearing balances................................................................... 20 Securities: Held-to-maturity securities................................................................. 8,930 Available-for-sale securities............................................................... 29,892 Federal funds sold and securities purchased under agreements to resell: Federal funds sold ......................................................................... 25,700 Securities purchased under agreements to resell............................................. 111,000 Loans and lease financing receivables: Loans and leases held for sale.............................................................. 0 Loans and leases, net of unearned income.................................................................... 0 LESS: Allowance for loan and lease losses.............................................................................. 0 Loans and leases, net of unearned income and allowance ..................................................................... 0 Trading assets....................................................................................... 0 Premises and fixed assets (including capitalized leases)......................................................................... 2,365 Other real estate owned.............................................................................. 0 Investments in unconsolidated subsidiaries and associated companies................................................................................... 0 Customers' liability to this bank on acceptances outstanding.................................................................. 0 Intangible assets: Goodwill .................................................................................... 237,448 Other Intangible Assets ....................................................................... 17,614 Other assets......................................................................................... 25,184 -------- Total assets......................................................................................... $469,173 ========
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LIABILITIES Deposits: In domestic offices Noninterest-bearing........................................................................... 12,587 Interest-bearing.............................................................................. 0 Not applicable Federal funds purchased and securities sold under agreements to repurchase: Federal funds purchased....................................................................... 0 Securities sold under agreements to repurchase................................................ 0 Trading liabilities.................................................................................... 0 Other borrowed money: (includes mortgage indebtedness and obligations under capitalized leases)....................................................................................... 58,193 Not applicable Bank's liability on acceptances executed and outstanding.................................................................... 0 Subordinated notes and debentures...................................................................... 0 Other liabilities...................................................................................... 45,767 ------ Total liabilities...................................................................................... $116,548 ======== Minority interest in consolidated subsidiaries......................................................... 0 EQUITY CAPITAL Perpetual preferred stock and related surplus.......................................................... 0 Common stock........................................................................................... 1,000 Surplus................................................................................................ 294,050 Retained earnings...................................................................................... 57,632 Accumulated other comprehensive income........................................................................................ Other equity capital components........................................................................ (57) -------- Total equity capital................................................................................... $352,625 -------- Total liabilities, minority interest, and equity capital............................................... $469,173 =========
I, Thomas J. Mastro, Comptroller 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. Thomas J. Mastro ) Comptroller 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. Richard G. Jackson ) Nicholas C. English ) Directors Karen B. Shupenko ) -6-