EX-25.1 7 xerium3172711-ex251.htm FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939

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)
_______________________________________________________

U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)

31-0841368
I.R.S. Employer Identification No.

800 Nicollet Mall  
Minneapolis, Minnesota 55402
(Address of principal executive offices) (Zip Code)

Allison Lancaster-Poole
U.S. Bank National Association
214 N. Tryon Street, 27th Floor
Charlotte, NC 28202
(704) 335-4558
(Name, address and telephone number of agent for service)

Xerium Technologies, Inc.
(Issuer with respect to the Securities)
Delaware 42-1558674
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)
   

14101 Capital Boulevard  
Youngsville, North Carolina 27596
(Address of Principal Executive Offices) (Zip Code)

9.500% Senior Secured Notes Due 2021
(Title of the Indenture Securities)



FORM T-1

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
     Washington, D.C.

 
b)

Whether it is authorized to exercise corporate trust powers.

     Yes

 
Item 2.

AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.

     None

 
Items 3-15     

Items 3-15 are not applicable because to the best of the Trustee's knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

 
Item 16.

LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

 
1.

A copy of the Articles of Association of the Trustee.*

 
2.

A copy of the certificate of authority of the Trustee to commence business, attached as Exhibit 2.

 
3.

A copy of the certificate of authority of the Trustee to exercise corporate trust powers, attached as Exhibit 3.

 
4.

A copy of the existing bylaws of the Trustee.**

 
5.

A copy of each Indenture referred to in Item 4. Not applicable.

 
6.

The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

 
7.

Report of Condition of the Trustee as of September 30, 2016 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

* Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.

** Incorporated by reference to Exhibit 25.1 to registration statement on form S-3ASR, Registration Number 333-199863 filed on November 5, 2014.


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SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. 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 and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Charlotte, State of North Carolina on the 30th of November, 2016.

By:      /s/ Allison Lancaster-Poole  
Allison Lancaster-Poole
Vice President

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Exhibit 2


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Exhibit 3


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Exhibit 6

CONSENT

In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.



Dated: November 30, 2016

By:      /s/ Allison Lancaster-Poole  
Allison Lancaster-Poole
Vice President

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Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 9/30/2016

($000’s)

      9/30/2016
Assets
        Cash and Balances Due From $ 23,641,632
       Depository Institutions
Securities 109,767,226
Federal Funds 38,946
Loans & Lease Financing Receivables 272,221,647
  Fixed Assets 5,761,293
Intangible Assets 12,599,811
Other Assets 24,370,650
Total Assets $ 448,401,205
 
Liabilities
Deposits $ 345,417,164
Fed Funds 1,412,924
Treasury Demand Notes 0
Trading Liabilities 1,823,679
Other Borrowed Money 36,430,473
Acceptances 0
Subordinated Notes and Debentures 3,800,000
Other Liabilities 13,542,899
Total Liabilities $ 402,427,139
 
Equity
Common and Preferred Stock 18,200
Surplus 14,266,915
Undivided Profits 30,877,711
Minority Interest in Subsidiaries 811,240
       Total Equity Capital $ 45,974,066
 
Total Liabilities and Equity Capital $ 448,401,205

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