EX-25.01 6 d163882dex2501.htm EX-25.01 EX-25.01

Exhibit 25.01

 

 

 

UNITED STATES

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)

 

 

 

A National Banking Association   94-1347393

(Jurisdiction of incorporation or

organization if not a U.S. national bank)

 

(I.R.S. Employer

Identification No.)

101 North Phillips Avenue

Sioux Falls, South Dakota

  57104
(Address of principal executive offices)   (Zip code)

Wells Fargo & Company

Law Department, Trust Section

MAC N9305-175

Sixth Street and Marquette Avenue, 17th Floor

Minneapolis, Minnesota 55479

(612) 667-4608

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

 

 

NuStar Logistics, L.P.

(Exact Name of Registrant as Specified in its Charter)

 

 

 

Delaware   74-2958817

(State or other jurisdiction of

Incorporation or Organization)

 

(I.R.S. Employer

Identification Number)

19003 IH-10 West

San Antonio, Texas 78257

(210) 918-2000

 

Amy L. Perry

Senior Vice President, General Counsel—Corporate & Commercial

Law and Corporate Secretary

NuStar GP, LLC

19003 IH-10 West

San Antonio, Texas 78257

(210) 918-2000

(Address, including zip code, and telephone number, including

area code, of registrant’s principal executive offices)

 

(Name, address, including zip code, and telephone number

including area code, of agent for service)

 

 

Senior Debt 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.

Federal Deposit Insurance Corporation

Washington, D.C.

Federal Reserve Bank of San Francisco

San Francisco, California 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.

 

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 January 14, 2015.**

Exhibit 3.

   A copy of the Comptroller of the Currency Certification of Fiduciary Powers for Wells Fargo Bank, National Association, dated January 6, 2014.**

Exhibit 4.

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

Exhibit 5.

   Not applicable.

Exhibit 6.

   The consent of the trustee 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 the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated December 30, 2005 of file number 333-130784.


** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit to the Filing 305B2 dated March 13, 2015 of file number 333-190926.


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 Dallas and State of Texas on the 30th of June, 2016.

 

WELLS FARGO BANK, NATIONAL ASSOCIATION
LOGO
Patrick T. Giordano
Vice President


EXHIBIT 6

June 30, 2016

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
LOGO
Patrick T. Giordano
Vice President


Exhibit 7

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 March 31, 2016, 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

      $ 17,096   

Interest-bearing balances

        249,869   

Securities:

     

Held-to-maturity securities

        79,348   

Available-for-sale securities

        236,036   

Federal funds sold and securities purchased under agreements to resell:

     

Federal funds sold in domestic offices

        88   

Securities purchased under agreements to resell

        21,788   

Loans and lease financing receivables:

     

Loans and leases held for sale

        13,154   

Loans and leases, net of unearned income

     905,478      

LESS: Allowance for loan and lease losses

     10,504      

Loans and leases, net of unearned income and allowance

        894,974   

Trading Assets

        37,241   

Premises and fixed assets (including capitalized leases)

        7,767   

Other real estate owned

        1,205   

Investments in unconsolidated subsidiaries and associated companies

        10,083   

Direct and indirect investments in real estate ventures

        0   

Intangible assets

     

Goodwill

        23,004   

Other intangible assets

        16,667   

Other assets

        59,465   
     

 

 

 

Total assets

      $ 1,667,785   
     

 

 

 

LIABILITIES

     

Deposits:

     

In domestic offices

      $ 1,139,478   

Noninterest-bearing

     348,335      

Interest-bearing

     791,143      

In foreign offices, Edge and Agreement subsidiaries, and IBFs

        145,961   

Noninterest-bearing

     959      

Interest-bearing

     145,002      

Federal funds purchased and securities sold under agreements to repurchase:

     

Federal funds purchased in domestic offices

        6,268   

Securities sold under agreements to repurchase

        20,054   


     Dollar Amounts
In Millions
 

Trading liabilities

     25,900   

Other borrowed money

  

(includes mortgage indebtedness and obligations under capitalized leases)

     130,425   

Subordinated notes and debentures

     14,780   

Other liabilities

     30,233   
  

 

 

 

Total liabilities

   $ 1,513,099   

EQUITY CAPITAL

  

Perpetual preferred stock and related surplus

     0   

Common stock

     519   

Surplus (exclude all surplus related to preferred stock)

     106,704   

Retained earnings

     43,436   

Accumulated other comprehensive income

     3,626   

Other equity capital components

     0   
  

 

 

 

Total bank equity capital

     154,285   

Noncontrolling (minority) interests in consolidated subsidiaries

     401   
  

 

 

 

Total equity capital

     154,686   
  

 

 

 

Total liabilities, and equity capital

   $ 1,667,785   
  

 

 

 

I, John R. Shrewsberry, Sr. EVP & CFO 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.

John R. Shrewsberry

Sr. EVP & CFO    

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.

 

John Stumpf    Directors
James Quigley   
Enrique Hernandez, Jr