EX-25.1 10 dex251.htm STATEMENT OF ELIGIBILITY ON FORM T-1 Statement of Eligibility on Form T-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)    ¨

 

THE BANK OF NEW YORK

(Exact name of trustee as specified in its charter)

 

New York   13-5160382

(State of incorporation

if not a U.S. national bank)

  

(I.R.S. employer

identification no.)

One Wall Street, New York, N.Y.   10286
(Address of principal executive offices)   (Zip code)

 

Asbury Automotive Group, Inc.

(Exact name of obligor as specified in its charter)

 

Delaware   01-0609375

(State or other jurisdiction of

incorporation or organization)

  

(I.R.S. employer

identification no.)

622 Third Avenue, 37th Floor

New York, New York

   10017
(Address of principal executive offices)   (Zip code)

Exact Name of Registrant

Guarantor as Specified in its Charter(1)

   

State of
Incorporation

or
Organization

   

I.R.S. Employer
Identification
Number

AF Motors L.L.C.

    Delaware    59-3604214

ALM Motors L.L.C.

    Delaware    59-3604216

ANL L.P.

    Delaware    59-3503188

Asbury AR Niss L.L.C.

    Delaware    84-1666361

Asbury Arkansas Hund L.L.C.

    Delaware    56-2411899

Asbury Atlanta AC L.L.C.

    Delaware    58-2241119

Asbury Atlanta AU L.L.C.

    Delaware    58-2241119

Asbury Atlanta BM L.L.C.

    Delaware    58-2241119

Asbury Atlanta Chevrolet L.L.C.

    Delaware    58-2241119

Asbury Atlanta Hon L.L.C.

    Delaware    58-2241119

Asbury Atlanta Inf L.L.C.

    Delaware    58-2241119

Asbury Atlanta Infiniti L.L.C.

    Delaware    58-2241119

Asbury Atlanta Jaguar L.L.C.

    Delaware    58-2241119

Asbury Atlanta Lex L.L.C.

    Delaware    58-2241119

Asbury Atlanta Nis L.L.C.

    Delaware    58-2241119

Asbury Atlanta VL L.L.C.

    Delaware    58-2241119

Asbury Automotive Arkansas Dealership Holdings L.L.C.

    Delaware    71-0817515

Asbury Automotive Arkansas L.L.C.

    Delaware    71-0817514

Asbury Automotive Atlanta L.L.C.

    Delaware    58-2241119

Asbury Automotive Brandon, L.P.

    Delaware    59-3584655

Asbury Automotive Central Florida, L.L.C.

    Delaware    59-3580818

Asbury Automotive Deland, L.L.C.

    Delaware    59-3604210

Asbury Automotive Financial Services, Inc.

    Delaware    75-3061039

Asbury Automotive Florida, L.L.C.

    Delaware    37-1514249

Asbury Automotive Fresno L.L.C.

    Delaware    03-0508496

 

2

Exact Name of Registrant

Guarantor as Specified in its Charter(1)

   

State of
Incorporation

or
Organization

   

I.R.S. Employer
Identification
Number

Asbury Automotive Group Holdings, Inc.

    Delaware    04-3622391

Asbury Automotive Group L.L.C.

    Delaware    52-2106837

Asbury Automotive Jacksonville GP L.L.C.

    Delaware    59-3512660

Asbury Automotive Jacksonville, L.P.

    Delaware    59-3512662

Asbury Automotive Management L.L.C.

    Delaware    23-2790555

Asbury Automotive Mississippi L.L.C.

    Delaware    64-0924573

Asbury Automotive North Carolina Dealership Holdings L.L.C.

    Delaware    56-2106587

Asbury Automotive North Carolina L.L.C.

    Delaware    52-2106838

Asbury Automotive North Carolina Management L.L.C.

    Delaware    52-2106838

Asbury Automotive North Carolina Real Estate Holdings L.L.C.

    Delaware    23-2983952

Asbury Automotive Oregon L.L.C.

    Delaware    52-2106837

Asbury Automotive Oregon Management L.L.C.

    Delaware    93-1255888

Asbury Automotive South, L.L.C.

    Delaware    37-1514247

Asbury Automotive Southern California L.L.C.

    Delaware    16-1676796

Asbury Automotive St. Louis, L.L.C.

    Delaware    43-1767192

Asbury Automotive Tampa GP L.L.C.

    Delaware    13-3990508

Asbury Automotive Tampa, L.P.

    Delaware    13-3990509

Asbury Automotive Texas L.L.C.

    Delaware    13-3997031

Asbury Automotive Texas Real Estate Holdings L.L.C.

    Delaware    11-3816183

Asbury Deland Imports 2, L.L.C.

    Delaware    59-3629420

Asbury Fresno Imports L.L.C.

    Delaware    03-0508500

Asbury Jax AC, L.L.C.

    Delaware    45-0551011

Asbury Jax Holdings, L.P.

    Delaware    59-3516633

 

3

Exact Name of Registrant

Guarantor as Specified in its Charter(1)

   

State of
Incorporation

or
Organization

    I.R.S. Employer
Identification
Number

Asbury Jax K, L.L.C.

    Delaware    36-4572826

Asbury Jax Management L.L.C.

    Delaware    59-3503187

Asbury Jax PB Chev, L.L.C.

    Delaware    37-1504393

Asbury MS Chev, L.L.C.

    Delaware    06-1749057

Asbury MS Gray-Daniels L.L.C.

    Delaware    64-0939974

Asbury MS Metro L.L.C.

    Delaware    91-2121547

Asbury MS Wimber L.L.C.

    Delaware    06-1625607

Asbury MS Yazoo L.L.C.

    Delaware    06-1698084

Asbury No Cal Niss L.L.C.

    Delaware    05-0605055

Asbury Sacramento Imports L.L.C.

    Delaware    33-1080505

Asbury So Cal DC L.L.C.

    Delaware    33-1080498

Asbury So Cal Hon L.L.C.

    Delaware    33-1080502

Asbury So Cal Niss L.L.C.

    Delaware    59-3781893

Asbury St. Louis Cadillac L.L.C.

    Delaware    43-1767192

Asbury St. Louis Gen L.L.C.

    Delaware    43-1826171

Asbury St. Louis Lex L.L.C.

    Delaware    43-1767192

Asbury Tampa Management L.L.C.

    Delaware    59-2512657

Asbury-Deland Imports L.L.C.

    Delaware    59-3604213

Atlanta Real Estate Holdings L.L.C.

    Delaware    58-2241119

Avenues Motors, Ltd.

    Florida    59-3381433

Bayway Financial Services, L.P.

    Delaware    59-3503190

BFP Motors L.L.C.

    Delaware    30-0217335

C&O Properties, Ltd.

    Florida    59-2495022

Camco Finance II L.L.C.

    Delaware    52-2106838

Camco Finance L.L.C.

    Delaware    56-2110955

CFP Motors, Ltd.

    Florida    65-0414571

 

4

Exact Name of Registrant

Guarantor as Specified in its Charter(1)

   

State of
Incorporation or
Organization

   

I.R.S. Employer
Identification
Number

CH Motors, Ltd.

    Florida    59-3185442

CHO Partnership, Ltd.

    Florida    59-3041549

CK Chevrolet LLC

    Delaware    59-3580820

CK Motors LLC

    Delaware    59-3580825

CN Motors, Ltd.

    Florida    59-3185448

Coggin Automotive Corp.

    Florida    59-1285803

Coggin Cars L.L.C.

    Delaware    59-3624906

Coggin Chevrolet L.L.C.

    Delaware    59-3624905

Coggin Management, L.P.

    Delaware    59-3503191

CP-GMC Motors, Ltd.

    Florida    59-3185453

Crown Acura/Nissan, LLC

    North Carolina    56-1975265

Crown Battleground, LLC

    North Carolina    56-2036220

Crown CHH L.L.C.

    Delaware    52-2106838

Crown CHO L.L.C.

    Delaware    84-1617218

Crown CHV L.L.C.

    Delaware    52-2106838

Crown Dodge, LLC

    North Carolina    56-1975260

Crown FDO L.L.C.

    Delaware    04-3623132

Crown FFO Holdings L.L.C.

    Delaware    56-2182741

Crown FFO L.L.C.

    Delaware    56-2165412

Crown Fordham L.L.C.

    Delaware    52-2106838

Crown GAC L.L.C.

    Delaware    52-2106838

Crown GAU L.L.C.

    Delaware    52-2106838

Crown GBM L.L.C.

    Delaware    52-2106838

Crown GCA L.L.C.

    Delaware    14-1854150

Crown GCH L.L.C.

    Delaware    74-3051217

Crown GDO L.L.C.

    Delaware    52-2106838

Crown GHO L.L.C.

    Delaware    52-2106838

 

5

Exact Name of Registrant

Guarantor as Specified in its Charter(1)

   

State of
Incorporation or
Organization

   

I.R.S. Employer
Identification
Number

Crown GKI L.L.C.

    Delaware    52-2106838

Crown GMI L.L.C.

    Delaware    52-2106838

Crown GNI L.L.C.

    Delaware    52-2106838

Crown GPG L.L.C.

    Delaware    52-2106838

Crown GVO L.L.C.

    Delaware    52-2106838

Crown Honda, LLC

    North Carolina    56-1975264

Crown Honda-Volvo, LLC

    North Carolina    56-1975263

Crown Mitsubishi, LLC

    North Carolina    56-1975266

Crown Motorcar Company L.L.C.

    Delaware    62-1860414

Crown Raleigh L.L.C.

    Delaware    52-2106838

Crown RIA L.L.C.

    Delaware    52-2106838

Crown RIB L.L.C.

    Delaware    56-2125835

Crown Royal Pontiac, LLC

    North Carolina    56-1975262

Crown SJC L.L.C.

    Delaware    81-0630983

Crown SNI L.L.C.

    Delaware    30-0199361

CSA Imports L.L.C.

    Delaware    59-3631079

JC Dealer Systems L.L.C.

    Delaware    58-2628641

Escude-M L.L.C.

    Delaware    64-0922813

Escude-MO L.L.C.

    Delaware    64-0924573

Escude-NN L.L.C.

    Delaware    64-0922808

Escude-NS L.L.C.

    Delaware    64-0922811

Escude-T L.L.C.

    Delaware    64-0922812

HFP Motors L.L.C.

    Delaware    06-1631102

KP Motors L.L.C.

    Delaware    06-1629064

McDavid Austin-Acra, L.L.C.

    Delaware    11-3816170

McDavid Frisco-Hon, L.L.C.

    Delaware    11-3816176

 

6

Exact Name of Registrant

Guarantor as Specified in its Charter(1)

   

State of
Incorporation or
Organization

   

I.R.S. Employer
Identification
Number

McDavid Grande, L.L.C.

    Delaware    11-3816168

McDavid Houston-Hon, L.L.C.

    Delaware    11-3816178

McDavid Houston-Niss, L.L.C.

    Delaware    11-3816172

McDavid Irving-Hon, L.L.C.

    Delaware    11-3816175

McDavid Outfitters, L.L.C.

    Delaware    11-3816166

McDavid Plano-Acra, L.L.C.

    Delaware    11-3816179

NP FLM L.L.C.

    Delaware    71-0819724

NP MZD L.L.C.

    Delaware    71-0819723

NP VKW L.L.C.

    Delaware    71-0819721

Plano Lincoln-Mercury, Inc.

    Delaware    75-2430953

Precision Computer Services, Inc.

    Florida    59-2867725

Precision Enterprises Tampa, Inc.

    Florida    59-2148481

Precision Infiniti, Inc.

    Florida    59-2958651

Precision Motorcars, Inc.

    Florida    59-1197700

Precision Nissan, Inc.

    Florida    59-2734672

Premier NSN L.L.C.

    Delaware    71-0819715

Premier Pon L.L.C.

    Delaware    71-0819714

Prestige Bay L.L.C.

    Delaware    71-0819719

Prestige Toy L.L.C.

    Delaware    71-0819720

RER Properties, LLC

    North Carolina    56-2091165

RWIJ Properties, LLC

    North Carolina    56-2091158

Spectrum Insurance Services L.L.C.

    Delaware    58-2241119

Tampa Hund, L.P.

    Delaware    59-3512664

Tampa Kia, L.P.

    Delaware    59-3512666

 

7

Exact Name of Registrant

Guarantor as Specified in its Charter(1)

   

State of
Incorporation

or
Organization

   

I.R.S. Employer
Identification
Number

Tampa LM, L.P.

    Delaware    52-2124362

Tampa Mit, L.P.

    Delaware    59-3512667

Tampa Suzu, L.P.

    Delaware    59-3512668

Thomason Auto Credit Northwest, Inc.

    Oregon    93-1119211

Thomason Dam L.L.C.

    Delaware    93-1266231

Thomason Frd L.L.C.

    Delaware    93-1254703

Thomason Hon L.L.C.

    Delaware    93-1254717

Thomason Hund L.L.C.

    Delaware    93-1254690

Thomason Maz L.L.C.

    Delaware    93-1254723

Thomason Niss L.L.C.

    Delaware    93-1254721

Thomason Outfitters L.L.C.

    Delaware    68-0492340

Thomason Pontiac-GMC L.L.C.

    Delaware    43-1976952

Thomason Suzu L.L.C.

    Delaware    93-1256214

Thomason TY L.L.C.

    Delaware    93-1254719

Thomason Zuk L.L.C.

    Delaware    93-1254806

WMZ Brandon Motors, L.P.

    Delaware    59-3512670

WMZ Motors, L.P.

    Delaware    59-3512663

WTY Motors, L.P.

    Delaware    59-3512669

(1) The address and phone number of each Registrant Guarantor is c/o Asbury

Automotive Group, Inc., 622 Third Avenue, 37th Floor, New York, New York 10017,

(212) 885-2500.

 

7.625% Senior Subordinated Notes due 2017

(Title of the indenture securities)

 

 

8

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    One State Street, New York, N.Y. 10004-1417, and Albany,
N.Y. 12223
Federal Reserve Bank of New York    33 Liberty Street, New York, N.Y. 10045
Federal Deposit Insurance Corporation    Washington, D.C. 20429
New York Clearing House Association    New York, New York 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.

 

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 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, Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121195.)

 

  4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-121195.)

 

9

  6. The consent of the Trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-106702.)

 

  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.

 

10

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 27th day of June, 2007.

 

THE BANK OF NEW YORK
By:  

        /S/ ROBERT A. MASSIMILLO

  Name:    ROBERT A. MASSIMILLO
  Title:      VICE PRESIDENT

 

11

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 March 31, 2007, 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

   

Cash and balances due from depository institutions:

   

Noninterest-bearing balances and currency and coin

    $ 1,859,000

Interest-bearing balances

      12,315,000

Securities:

   

Held-to-maturity securities

      1,572,000

Available-for-sale securities

      20,948,000

Federal funds sold and securities purchased under agreements to resell:

   

Federal funds sold in domestic offices

      491,000

Securities purchased under agreements to resell

      153,000

Loans and lease financing receivables:

   

Loans and leases held for sale

      0

Loans and leases, net of unearned income

      31,479,000

LESS: Allowance for loan and lease losses

      289,000

Loans and leases, net of unearned income and allowance

      31,190,000

Trading assets

      3,171,000

Premises and fixed assets (including capitalized leases)

      844,000

Other real estate owned

      2,000

Investments in unconsolidated subsidiaries and associated companies

      340,000

Not applicable

   

Intangible assets:

   

Goodwill

      2,714,000

Other intangible assets

      966,000

Other assets

      7,043,000
      

Total assets

    $ 83,608,000
      

LIABILITIES

   

Deposits:

   

In domestic offices

    $ 26,775,000

Noninterest-bearing

      16,797,000

Interest-bearing

      9,978,000

In foreign offices, Edge and Agreement subsidiaries, and IBFs

      33,309,000

Noninterest-bearing

      702,000

Interest-bearing

      32,607,000

Federal funds purchased and securities sold under agreements to repurchase:

   

Federal funds purchased in domestic

offices

      712,000

Securities sold under agreements to repurchase

      129,000

Trading liabilities

      2,321,000

Other borrowed money: (includes mortgage indebtedness and obligations under capitalized leases)

      3,621,000

Not applicable

   

Not applicable

   

Subordinated notes and debentures

      2,255,000

Other liabilities

      5,933,000
      

Total liabilities

    $ 75,055,000
      

Minority interest in consolidated subsidiaries

    $ 161,000

EQUITY CAPITAL

   

Perpetual preferred stock and related surplus

      0

Common stock

      1,135,000

Surplus (exclude all surplus related to preferred stock)

      2,143,000

Retained earnings

      5,430,000

Accumulated other comprehensive income

      -316,000

Other equity capital components

      0

Total equity capital

      8,392,000
      

Total liabilities, minority interest, and equity capital

    $ 83,608,000
      

I, Thomas P. Gibbons, Chief Financial Officer 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 P. Gibbons,

Chief Financial Officer

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

Catherine A. Rein

         Directors