EX-25.1 9 y74554exv25w1.htm EX-25.1: T-1 STATEMENT OF ELIGIBILITY 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, 17
th Floor
Minneapolis, Minnesota 55479
(612) 667-4608

(Name, address and telephone number of agent for service)
 
CVR ENERGY, INC.
(Exact name of obligor as specified in its charter)
     
Delaware   61-1512186
(State or other jurisdiction of   (I.R.S. Employer
incorporation or organization)   Identification No.)
     
2277 Plaza Drive, Suite 500    
Sugar Land, Texas   77479
(Address of principal executive offices)   (Zip code)
 
Senior Debt Securities
(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 9th day of February, 2009.
         
  WELLS FARGO BANK, NATIONAL ASSOCIATION
 
 
  /s/ Martin G. Reed    
  Martin G. Reed   
  Vice President   
 

 


 

EXHIBIT 6
February 9, 2009
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, 2008, 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
      $ 12,749  
Interest-bearing balances
        1,984  
Securities:
           
Held-to-maturity securities
        0  
Available-for-sale securities
        76,317  
Federal funds sold and securities purchased under agreements to resell:
           
Federal funds sold in domestic offices
        17,288  
Securities purchased under agreements to resell
        5,183  
Loans and lease financing receivables:
           
Loans and leases held for sale
        11,992  
Loans and leases, net of unearned income
  320,888        
LESS: Allowance for loan and lease losses
  5,414        
Loans and leases, net of unearned income and allowance
        315,474  
Trading Assets
        6,980  
Premises and fixed assets (including capitalized leases)
        4,254  
Other real estate owned
        974  
Investments in unconsolidated subsidiaries and associated companies
        445  
Intangible assets
           
Goodwill
        10,853  
Other intangible assets
        20,410  
Other assets
        29,950  
 
           
 
         
Total assets
      $ 514,853  
 
         
 
           
LIABILITIES
           
Deposits:
           
In domestic offices
      $ 296,059  
Noninterest-bearing
  72,132        
Interest-bearing
  223,927        
In foreign offices, Edge and Agreement subsidiaries, and IBFs
        60,178  
Noninterest-bearing
  1,122        
Interest-bearing
  59,056        
Federal funds purchased and securities sold under agreements to repurchase:
           
Federal funds purchased in domestic offices
        2,107  
Securities sold under agreements to repurchase
        5,886  

 


 

         
    Dollar Amounts  
    In Millions  
Trading liabilities
    8,921  
Other borrowed money
(includes mortgage indebtedness and obligations under capitalized leases)
    70,870  
Subordinated notes and debentures
    11,059  
Other liabilities
    15,330  
 
       
 
     
Total liabilities
  $ 470,410  
 
       
Minority interest in consolidated subsidiaries
    161  
 
       
EQUITY CAPITAL
       
Perpetual preferred stock and related surplus
    0  
Common stock
    520  
Surplus (exclude all surplus related to preferred stock)
    27,993  
Retained earnings
    17,428  
Accumulated other comprehensive income
    (1,659 )
Other equity capital components
    0  
 
       
 
     
Total equity capital
    44,282  
 
       
 
     
Total liabilities, minority interest, and equity capital
  $ 514,853  
 
     
I, Howard I. Atkins, 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.
Howard I. Atkins
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.
     
Michael Loughlin
   
John Stumpf
  Directors
Carrie Tolstedt