EX-25.1 5 dex251.htm STATEMENT OF ELIGIBILITY OF THE TRUSTEE ON FORM T-1 Statement of Eligibility of the Trustee on Form T-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)

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

Not Applicable   94-1347393

(Jurisdiction of incorporation or

organization if not a U.S. national bank)

 

(I.R.S. Employer

Identification No.)

420 Montgomery Street

San Francisco, CA

  94163
(Address of principal executive offices)   (Zip code)

Wells Fargo & Company

Law Department, Trust Section

MAC N9305-172

Sixth and Marquette, 17th Floor

Minneapolis, MN 55479

(agent for services)

 


Angiotech Pharmaceuticals, Inc.

(Exact name of obligor as specified in its charter)

 

Province of British Columbia   98-0226269

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

1618 Station Street

Vancouver, B.C.

  V6A 1B6
(Address of principal executive offices)   (Zip code)

 


SENIOR FLOATING RATE NOTES DUE 2013

(Title of the indenture securities)

 



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 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.

   List below all exhibits filed as a part of this Statement of Eligibility. 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. Attached is 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 number 25 filed with registration statement number 333-87398.


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 Los Angeles and State of California on this 20th day of March, 2007.

WELLS FARGO BANK, NATIONAL ASSOCIATION

/s/ Maddy Hall                                

Name: Maddy Hall

Title: Assistant Vice President


Exhibit 6

March 20, 2007

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

/s/ Maddy Hall                                

Maddy Hall

Assistant Vice President


Consolidated Report of Condition of

Wells Fargo Bank National Association

of 101 North Phillips Avenue, Sioux Falls, SD 57104

And Foreign and Domestic Subsidiaries,

at the close of business December 31, 2006, 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

      $ 15,071

Interest-bearing balances

        1,332

Securities:

     

Held-to-maturity securities

        0

Available-for-sale securities

        37,720

Federal funds sold and securities purchased under agreements to resell:

     

Federal funds sold in domestic offices

        4,141

Securities purchased under agreements to resell

        1,130

Loans and lease financing receivables:

     

Loans and leases held for sale

        33,751

Loans and leases, net of unearned income

   252,936   

LESS: Allowance for loan and lease losses

   2,088   

Loans and leases, net of unearned income and allowance

        250,848

Trading Assets

        3,060

Premises and fixed assets (including capitalized leases)

        4,045

Other real estate owned

        557

Investments in unconsolidated subsidiaries and associated companies

        419

Intangible assets

     

Goodwill

        8,995

Other intangible assets

        18,458

Other assets

        19,144
         

Total assets

        $398,671
         

LIABILITIES

     

Deposits:

     

In domestic offices

      $ 272,350

Noninterest-bearing

   76,347   

Interest-bearing

   196,003   

In foreign offices, Edge and Agreement subsidiaries, and IBFs

        39,196

Noninterest-bearing

   12   

Interest-bearing

   39,184   

Federal funds purchased and securities sold under agreements to repurchase:

     

Federal funds purchased in domestic offices

        4,271

Securities sold under agreements to repurchase

        5,631


     Dollar Amounts
In Millions

Trading liabilities

   2,145

Other borrowed money

  

(includes mortgage indebtedness and obligations under capitalized leases)

   7,119

Subordinated notes and debentures

   10,164

Other liabilities

   17,464
    

Total liabilities

   $358,340

Minority interest in consolidated subsidiaries

   61

EQUITY CAPITAL

  

Perpetual preferred stock and related surplus

   0

Common stock

   520

Surplus (exclude all surplus related to preferred stock)

   24,751

Retained earnings

   14,549

Accumulated other comprehensive income

   450

Other equity capital components

   0
    

Total equity capital

   40,270
    

Total liabilities, minority interest, and equity capital

   $398,671
    

I, Karen B. Nelson, 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. Nelson

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.

Avid Modijtabai

John Stumpf                            Directors

Carrie Tolstedt