EX-25.1 5 d549425dex251.htm EX-25.1 EX-25.1

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)

 

 

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)

 

 

SALLY BEAUTY HOLDINGS, INC.

SALLY HOLDINGS LLC

SALLY CAPITAL INC.

SEE TABLE OF ADDITIONAL REGISTRANTS

(Exact Name of Registrant as Specified in Its Charter)

 

 

 

Delaware

Delaware

Delaware

  36-2257936
36-4472381
56-2620323
(State or Other Jurisdiction of
Incorporation or Organization)
  (I.R.S. Employer
Identification No.)
3001 Colorado Boulevard
Denton, Texas 76210
(940) 898-7500
  Christian A. Brickman
President and Chief Executive Officer
Sally Beauty Holdings, Inc.
3001 Colorado Boulevard
Denton, Texas 76210
(940) 898-7500
(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)

 

 

Debt Securities

Guarantees of Debt Securities

 

 

 


TABLE OF ADDITIONAL REGISTRANTS

The following direct or indirect subsidiaries of Sally Beauty Holdings, Inc. may be guarantors of debt securities offered by Sally Beauty Holdings, Inc., Sally Holdings LLC or Sally Capital Inc. and are Co-Registrants:

 

Exact Name of Registrant as Specified in Its Charter

   State of Incorporation or
Organization
     I.R.S. Employer
Identification Number
 

Sally Investment Holdings LLC

     Delaware        26-0382328  

Beauty Systems Group LLC

     Virginia        36-4201155  

Armstrong McCall Holdings, Inc.

     Texas        74-1499645  

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  

Loxa Beauty LLC

     Indiana        27-1831293  

Sally Beauty Supply LLC

     Virginia        36-2683258  

Diorama Services Company, LLC

     Delaware        20-5230107  

Arcadia Beauty Labs LLC

     Delaware        75-2624245  

Sally Beauty International Finance LLC

     Delaware        75-2719403  

Beauty Holding LLC

     Delaware        36-4053597  

Sally Beauty Military Supply LLC

     Delaware        36-4808431  

 

3001 Colorado Boulevard
Denton, Texas 76210
(940) 898-7500
(Address, Including Zip Code,
and Telephone Number,
Including Area Code,
of each Co-Registrant’s
Principal Executive Offices)
 

Christian A. Brickman
President and Chief Executive Officer

Sally Beauty Holdings, Inc.
3001 Colorado Boulevard
Denton, Texas 76210
(940) 898-7500
(Name, address, including zip code, and telephone number,
including area code, of agent for
service for each Co-Registrant)


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 dated March 13, 2015 filed with the SEC pursuant to Section 305(b)(2) of the Trust Indenture Act of 1939, as amended, with respect to 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 20th of April, 2018.

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

/s/ Patrick T. Giordano

Patrick T. Giordano
Vice President


EXHIBIT 6

April 20, 2018

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

/s/ Patrick T. Giordano

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 December 31, 2017, 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

      $ 22450  

Interest-bearing balances

        192185  

Securities:

     

Held-to-maturity securities

        139228  

Available-for-sale securities

        260098  

Federal funds sold and securities purchased under agreements to resell:

 

Federal funds sold in domestic offices

        120  

Securities purchased under agreements to resell

        31006  

Loans and lease financing receivables:

     

Loans and leases held for sale

        12005  

Loans and leases, net of unearned income

     929016     

LESS: Allowance for loan and lease losses

     10104     

Loans and leases, net of unearned income and allowance

        918912  

Trading Assets

        51667  

Premises and fixed assets (including capitalized leases)

        8116  

Other real estate owned

        641  

Investments in unconsolidated subsidiaries and associated companies

        12014  

Direct and indirect investments in real estate ventures

        72  

Intangible assets

     

Goodwill

        22480  

Other intangible assets

        16807  

Other assets

        59553  
     

 

 

 

Total assets

      $ 1,747,354  
     

 

 

 

LIABILITIES

     

Deposits:

     

In domestic offices

      $ 1259735  

Noninterest-bearing

     423833     

Interest-bearing

     835902     

In foreign offices, Edge and Agreement subsidiaries, and IBFs

        129264  

Noninterest-bearing

     962     

Interest-bearing

     128302     

Federal funds purchased and securities sold under agreements to repurchase:

     

Federal funds purchased in domestic offices

        10906  

Securities sold under agreements to repurchase

        7180  


     Dollar Amounts
In Millions
 

Trading liabilities

     10537  

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

     118326  

Subordinated notes and debentures

     11950  

Other liabilities

     32898  
  

 

 

 

Total liabilities

   $ 1580796  

EQUITY CAPITAL

  

Perpetual preferred stock and related surplus

     0  

Common stock

     519  

Surplus (exclude all surplus related to preferred stock)

     112497  

Retained earnings

     53612  

Accumulated other comprehensive income

     -468  

Other equity capital components

     0  

Total bank equity capital

     166160  
  

 

 

 

Noncontrolling (minority) interests in consolidated subsidiaries

     398  
  

 

 

 

Total equity capital

     166558  
  

 

 

 

Total liabilities, and equity capital

   $ 1747354  
  

 

 

 

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.

                             Directors

Enrique Hernandez, Jr

Federico F. Pena

James Quigley