EX-25.1 14 a12-4916_1ex25d1.htm EX-25.1

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

 


 

o        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

 

(I.R.S. Employer

organization if not a U.S. national

 

Identification No.)

bank)

 

 

 

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)

 


 

SALLY HOLDINGS LLC
SALLY CAPITAL INC.

(as Issuers)

 

Delaware

 

36-4472381

Delaware

 

56-2620323

(State or other jurisdiction of

 

(I.R.S. Employer

incorporation or organization)

 

Identification No.)

 

SALLY BEAUTY HOLDINGS, INC.

SALLY INVESTMENT HOLDINGS LLC

(as Parent Guarantors)

 

Delaware

 

36-2257936

Delaware

 

26-0382328

(State or other jurisdiction of

 

(I.R.S. Employer

incorporation or organization)

 

Identification No.)

 

3001 Colorado Boulevard
Denton, Texas

 

76210

(Address of principal executive offices)

 

(Zip code)

 

TABLE OF ADDITIONAL REGISTRANTS

 

Exact Name of Registrant as Specified in Its Charter

 

State of Incorporation or
Organization

 

I.R.S. Employer
Identification Number

Beauty Systems Group LLC

 

Delaware

 

36-4201155

Armstrong McCall Holdings, Inc.

 

Texas

 

74-1499645

Arnolds, Inc.

 

Arkansas

 

71-0007082

Armstrong McCall Holdings, L.L.C.

 

Delaware

 

74-2766844

Armstrong McCall Management, L.C.

 

Texas

 

74-2766842

Armstrong McCall, L.P.

 

Texas

 

74-2766845

Innovations-Successful Salon Services

 

California

 

95-4251192

Procare Laboratories, Inc.

 

Delaware

 

36-4294731

Neka Salon Supply, Inc.

 

New Hampshire

 

02-0347958

Salon Success International, LLC

 

Florida

 

14-1819659

Aerial Company, Inc.

 

Wisconsin

 

39-0122920

Sally Beauty Supply LLC

 

Delaware

 

36-2683258

Diorama Services Company, LLC

 

Delaware

 

20-5230107

Sally Beauty Distribution LLC

 

Delaware

 

75-2624245

Sally Beauty International Finance LLC

 

Delaware

 

75-2719403

Beauty Holding LLC

 

Delaware

 

36-4053597

Beyond the Zone, Inc.

 

Delaware

 

35-2180117

Silk Elements, Inc.

 

Delaware

 

20-0129848

High Intensity Products, Inc.

 

Delaware

 

20-0129876

Nail Life, Inc.

 

Delaware

 

20-0129898

Sexy U Products, Inc.

 

Delaware

 

20-0129827

For Perms Only, Inc.

 

Delaware

 

84-1617038

Energy of Beauty, Inc.

 

Delaware

 

20-2319441

Miracle Lane, Inc.

 

Delaware

 

20-2319484

Tanwise, Inc.

 

Delaware

 

20-2319525

Satin Strands, Inc.

 

Delaware

 

20-5230137

Brentwood Beauty Laboratories International, Inc.

 

Texas

 

74-1994945

Ion Professional Products, Inc.

 

Delaware

 

36-3570397

New Image Professional Products, Inc.

 

Delaware

 

36-4101842

Esthetician Services Inc.

 

Delaware

 

36-4270982

Femme Couture International, Inc.

 

Delaware

 

36-4260404

Generic Value Products, Inc.

 

Delaware

 

20-5230165

Venique, Inc.

 

Delaware

 

20-2709606

Land of Dreams, Inc.

 

Delaware

 

20-2709463

Coloresse, Inc.

 

Delaware

 

20-5230193

Design Lengths, Inc.

 

Delaware

 

41-2239996

Power IQ, Inc.

 

Delaware

 

41-2240000

Soren Enterprises, Inc.

 

Delaware

 

41-2240003

Sally Beauty Distribution of Ohio, Inc.

 

Delaware

 

36-4401725

 

c/o Sally Beauty Holdings, Inc.
3001 Colorado Boulevard
Denton, Texas

 

76210

(Address of principal executive offices)

 

(Zip code)

 


 

6.875% Senior Notes due 2019

(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.

 

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 and Fiduciary Powers for Wells Fargo Bank, National Association, dated February 4, 2004.**

 

 

 

 

 

 

 

Exhibit 3.

 

See Exhibit 2

 

 

 

 

 

 

 

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 333-130784-06.

 

**   Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of file number 022-28721.

 

*** 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 May 26, 2005 of file number 333-125274.

 



 

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 New York and State of New York on the 1st day of February, 2012.

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

 

 

/s/ Martin G. Reed

 

 

Martin G. Reed

 

 

Vice President

 

 



 

EXHIBIT 6

 

February 1, 2012

 

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 therefor.

 

 

 

Very truly yours,

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

/s/ Martin G. Reed

 

Martin G. Reed

 

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 September 30, 2011, 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

 

 

$

18,415

 

Interest-bearing balances

 

 

68,507

 

Securities:

 

 

 

 

Held-to-maturity securities

 

 

0

 

Available-for-sale securities

 

 

172,686

 

Federal funds sold and securities purchased under agreements to resell:

 

 

 

 

Federal funds sold in domestic offices

 

 

859

 

Securities purchased under agreements to resell

 

 

17,996

 

Loans and lease financing receivables:

 

 

 

 

Loans and leases held for sale

 

 

28,871

 

Loans and leases, net of unearned income

700,233

 

 

 

LESS: Allowance for loan and lease losses

16,825

 

 

 

Loans and leases, net of unearned income and allowance

 

 

683,408

 

Trading Assets

 

 

38,062

 

Premises and fixed assets (including capitalized leases)

 

 

8,098

 

Other real estate owned

 

 

4,769

 

Investments in unconsolidated subsidiaries and associated companies

 

 

518

 

Direct and indirect investments in real estate ventures

 

 

108

 

Intangible assets

 

 

 

 

Goodwill

 

 

21,171

 

Other intangible assets

 

 

23,005

 

Other assets

 

 

55,781

 

 

 

 

 

 

Total assets

 

 

$

1,142,254

 

 

 

 

 

 

LIABILITIES

 

 

 

 

Deposits:

 

 

 

 

In domestic offices

 

 

$

797,541

 

Noninterest-bearing

202,607

 

 

 

Interest-bearing

594,934

 

 

 

In foreign offices, Edge and Agreement subsidiaries, and IBFs

 

 

87,450

 

Noninterest-bearing

1,897

 

 

 

Interest-bearing

85,553

 

 

 

Federal funds purchased and securities sold under agreements to repurchase:

 

 

 

 

Federal funds purchased in domestic offices

 

 

5,657

 

Securities sold under agreements to repurchase

 

 

12,477

 

 



 

 

 

Dollar Amounts

 

 

 

In Millions

 

Trading liabilities

 

23,501

 

Other borrowed money

 

 

 

(includes mortgage indebtedness and obligations under capitalized leases)

 

35,308

 

Subordinated notes and debentures

 

18,407

 

Other liabilities

 

37,319

 

 

 

 

 

Total liabilities

 

$

1,017,660

 

 

 

 

 

EQUITY CAPITAL

 

 

 

Perpetual preferred stock and related surplus

 

0

 

Common stock

 

519

 

Surplus (exclude all surplus related to preferred stock)

 

99,254

 

Retained earnings

 

18,795

 

Accumulated other comprehensive income

 

4,823

 

Other equity capital components

 

0

 

 

 

 

 

Total bank equity capital

 

123,391

 

Noncontrolling (minority) interests in consolidated subsidiaries

 

1,203

 

 

 

 

 

Total equity capital

 

124,594

 

 

 

 

 

Total liabilities, and equity capital

 

$

1,142,254

 

 

I, Timothy J. Sloan, 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.

 

 

Timothy J. Sloan

 

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

Carrie Tolstedt

 

Avid Modjtabai