EX-25.1 23 d238219dex251.htm STATEMENT OF ELIGIBILITY AND QUALIFICATION OF TRUSTEE Statement of Eligibility and Qualification of Trustee

Exhibit 25.1

 

 

 

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)

 

 

THE BANK OF NEW YORK MELLON

TRUST COMPANY, N.A.

(Exact name of trustee as specified in its charter)

 

 

 

   95-3571558

(Jurisdiction of incorporation

if not a U.S. national bank)

  

(I.R.S. employer

identification no.)

700 South Flower Street

Suite 500

Los Angeles, California

   90017
(Address of principal executive offices)    (Zip code)

 

 

WESTLAKE CHEMICAL CORPORATION

(Exact name of obligor as specified in its charter)

 

 

 

Delaware   76-0346924

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. employer

identification no.)

 


TABLE OF ADDITIONAL REGISTRANTS

 

Exact Name of Additional
Registrants

  

Jurisdiction of

Incorporation/

Organization

  

I.R.S. Employer

Identification

Number

Geismar Holdings, Inc.

   Delaware    33-1036002

GVGP, Inc.

   Delaware    71-0921650

North American Pipe Corporation

   Delaware    76-0370735

Westech Building Products, Inc.

   Delaware    76-0498816

Westlake Chemical Investments, Inc.

   Delaware    76-0664309

Westlake Development Corporation

   Delaware    76-0666307

Westlake Ethylene Pipeline Corporation

   Delaware    61-1513966

Westlake Geismar Power Company LLC

   Delaware    35-2330798

Westlake Longview Corporation

   Delaware    61-1496835

Westlake Management Services, Inc.

   Delaware    76-0321065

Westlake NG I Corporation

   Delaware    30-0343980

Westlake NG IV Corporation

   Delaware    35-2330799

Westlake NG V Corporation

   Delaware    35-2330801

Westlake Olefins Corporation

   Delaware    52-1629821

Westlake Petrochemicals LLC

   Delaware    76-0553330

Westlake Pipeline Investments LLC

   Delaware    27-3400646

Westlake Polymers LLC

   Delaware    76-0144230

Westlake PVC Corporation

   Delaware    76-0346192

Westlake Resources Corporation

   Delaware    76-0321064

Westlake Styrene LLC

   Delaware    76-0294926

 

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Westlake Supply and Trading Company

   Delaware    76-0377613

Westlake Vinyl Corporation

   Delaware    76-0414632

Westlake Vinyls Company LP

   Delaware    06-1641487

Westlake Vinyls, Inc.

   Delaware    76-0542667

WPT LLC

   Delaware    76-0469048

 

2801 Post Oak Boulevard, Suite 600

Houston, Texas

  77056
(Address of principal executive offices)   (Zip code)

 

 

Senior Debt Securities

and Guarantees of Senior Debt Securities

(Title of the indenture securities)

 

 

 

 

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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

United States Department of the Treasury

  Washington, DC 20219

Federal Reserve Bank

  San Francisco, CA 94105

Federal Deposit Insurance Corporation

  Washington, DC 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 Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152875).

 

  2. A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).

 

  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. 333-152875).

 

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  4. A copy of the existing by-laws of the trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-162713).

 

  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. 333-152875).

 

  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.

 

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SIGNATURE

Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon Trust Company, N.A., a 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 Houston, and State of Texas, on the 30th day of September, 2011.

 

THE BANK OF NEW YORK MELLON

TRUST COMPANY, N.A.

By:   /s/ Rafael Martinez
Name:   Rafael Martinez
Title:   Senior Associate

 

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EXHIBIT 7

Consolidated Report of Condition of

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

of 700 South Flower Street, Suite 200, Los Angeles, CA 90017

At the close of business June 30, 2011, 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

  

     1,624   

Interest-bearing balances

  

     186   

Securities:

  

  

Held-to-maturity securities

  

     0   

Available-for-sale securities

  

     828,663   

Federal funds sold and securities purchased under agreements to resell:

  

  

Federal funds sold

  

     60,500   

Securities purchased under agreements to resell

  

     0   

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)

  

     8,561   

Other real estate owned

  

     0   

Investments in unconsolidated subsidiaries and associated companies

  

     0   

Direct and indirect investments in real estate ventures 0

  

  

Intangible assets:

  

  

Goodwill

  

     856,313   

Other intangible assets

  

     201,961   

Other assets

  

     146,990   
     

 

 

 

Total assets

  

   $ 2,104,798   
     

 

 

 

 

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LIABILITIES

  

  

Deposits:

  

  

In domestic offices

  

     506   

Noninterest-bearing

     506              

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)

  

     268,691   

Not applicable

  

  

Not applicable

  

  

Subordinated notes and debentures

  

     0   

Other liabilities

  

     227,247   

Total liabilities

  

     496,444   

Not applicable

  

  

EQUITY CAPITAL

  

  

Perpetual preferred stock and related surplus

  

     0   

Common stock

  

     1,000   

Surplus (exclude all surplus related to preferred stock)

  

     1,121,520   

Not available

  

  

Retained earnings

  

     482,674   

Accumulated other comprehensive income

  

     3,160   

Other equity capital components

  

     0   

Not available

  

  

Total bank equity capital 1,608,354

  

  

Noncontrolling (minority) interests in consolidated subsidiaries

  

     0   

Total equity capital

  

     1,608,354   
     

 

 

 

Total liabilities and equity capital

  

     2,104,798   
     

 

 

 

I, Karen Bayz, CFO and Managing Director of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

 

Karen Bayz

     )       CFO and Managing Director

We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date 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.

 

Timothy Vara, President

     )      

Frank P. Sulzberger, MD

     )       Directors (Trustees)

William D. Lindelof, MD

     )      

 

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