EX-25.1 8 d282831dex251.htm EX-25.1 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

 

 

 

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)

 

 

Sabra Health Care Limited Partnership

Sabra Capital Corporation

(Exact name of obligor as specified in its charter)

 

Delaware   27-2712888
Delaware   27-3642390

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

18500 Von Karman Avenue, Suite 550,  
Irvine, CA   92612

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 Los Angeles and State of California on the 10th day of January, 2017.

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

/s/ MICHAEL TU

Michael Tu
Assistant Vice President


EXHIBIT 6

January 10, 2017

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/ MICHAEL TU

Michael Tu
Assistant 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, 2016, 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

      $ 17,662   

Interest-bearing balances

        228,654   

Securities:

     

Held-to-maturity securities

        99,241   

Available-for-sale securities

        273,020   

Federal funds sold and securities purchased under agreements to resell:

     

Federal funds sold in domestic offices

        76   

Securities purchased under agreements to resell

        22,123   

Loans and lease financing receivables:

     

Loans and leases held for sale

        22,444   

Loans and leases, net of unearned income

     919,725      

LESS: Allowance for loan and lease losses

     10,603      

Loans and leases, net of unearned income and allowance

        909,122   

Trading Assets

        46,588   

Premises and fixed assets (including capitalized leases)

        7,671   

Other real estate owned

        955   

Investments in unconsolidated subsidiaries and associated companies

        10,787   

Direct and indirect investments in real estate ventures

        0   

Intangible assets

     

Goodwill

        22,691   

Other intangible assets

        14,962   

Other assets

        64,823   
     

 

 

 

Total assets

      $ 1,740,819   
     

 

 

 

LIABILITIES

     

Deposits:

     

In domestic offices

      $ 1,167,424   

Noninterest-bearing

     375,955      

Interest-bearing

     791,469      

In foreign offices, Edge and Agreement subsidiaries, and IBFs

        154,137   

Noninterest-bearing

     1,032      

Interest-bearing

     153,105      

Federal funds purchased and securities sold under agreements to repurchase:

     

Federal funds purchased in domestic offices

        6,166   

Securities sold under agreements to repurchase

        20,719   


     Dollar Amounts
In Millions
 

Trading liabilities

     25,666   

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

     154,595   

Subordinated notes and debentures

     13,610   

Other liabilities

     38,863   
  

 

 

 

Total liabilities

   $ 1,581,180   

EQUITY CAPITAL

  

Perpetual preferred stock and related surplus

     0   

Common stock

     519   

Surplus (exclude all surplus related to preferred stock)

     106,704   

Retained earnings

     47,765   

Accumulated other comprehensive income

     4,257   

Other equity capital components

     0   
  

 

 

 

Total bank equity capital

     159,245   

Noncontrolling (minority) interests in consolidated subsidiaries

     394   
  

 

 

 

Total equity capital

     159,639   
  

 

 

 

Total liabilities, and equity capital

   $ 1,740,819   
  

 

 

 

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

James Quigley

Enrique Hernandez, Jr

Timothy Sloan