EX-25.1 9 a16-19162_3ex25d1.htm 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)  o

 

 

COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

National Banking Association
(State of incorporation
if not a U.S. national bank)

 

04-3401714
(I.R.S. Employer
Identification Number)

 

 

 

250 Royall Street, Canton, MA
(Address of principal executive offices)

 

02021
(Zip Code)

 

 

GENER8 MARITIME, INC.

(Exact name of obligor as specified in its charter)

 

Republic of the Marshall Islands
(State or other jurisdiction of
incorporation or organization)

 

66-0716485
(I.R.S. Employer Identification Number)

 

 

 

299 Park Avenue
New York, New York
(Address of principal executive offices)

 

10171
(Zip Code)

 

 

 


 

TABLE OF ADDITIONAL REGISTRANTS

 

Exact name of Additional Registrant as
Specified in its Charter

 

State or Other
Jurisdiction of
Incorporation

 

I.R.S. Employer
Identification
Number

Companion Ltd.

 

Bermuda

 

98-0471656

Compatriot Ltd.

 

Bermuda

 

98-0471657

Consul Ltd.

 

Bermuda

 

98-0471659

Contest Ltd.

 

Bermuda

 

98-0481426

Gener8 Andriotis LLC

 

Marshall Islands

 

66-0846069

Gener8 Apollo LLC

 

Marshall Islands

 

66-0845397

Gener8 Ares LLC

 

Marshall Islands

 

66-0845392

Gener8 Athena LLC

 

Marshall Islands

 

66-0845391

Gener8 Chiotis LLC

 

Marshall Islands

 

66-0845983

Gener8 Constantine LLC

 

Marshall Islands

 

66-0845394

Gener8 Ethos LLC

 

Marshall Islands

 

66-0845428

Gener8 Hector LLC

 

Marshall Islands

 

66-0845427

Gener8 Hera LLC

 

Marshall Islands

 

66-0845395

Gener8 Macedon LLC

 

Marshall Islands

 

66-0845430

Gener8 Maritime Management LLC

 

Marshall Islands

 

98-0385293

Gener8 Maritime Subsidiary II Inc.

 

Marshall Islands

 

98-0666034

Gener8 Maritime Subsidiary Inc.

 

Marshall Islands

 

66-0840043

Gener8 Maritime Subsidiary NEW IV Inc.

 

Marshall Islands

 

66-0845389

Gener8 Maritime Subsidiary V Inc.

 

Marshall Islands

 

66-0818331

Gener8 Maritime Subsidiary VI Inc.

 

Marshall Islands

 

66-0762158

Gener8 Maritime Subsidiary VII Inc.

 

Marshall Islands

 

66-0845347

Gener8 Maritime Subsidiary VIII Inc.

 

Marshall Islands

 

66-0845275

Gener8 Miltiades LLC

 

Marshall Islands

 

66-0845905

Gener8 Nautilus LLC

 

Marshall Islands

 

66-0845432

Gener8 Neptune LLC

 

Marshall Islands

 

66-0845396

Gener8 Nestor LLC

 

Marshall Islands

 

66-0845426

Gener8 Noble LLC

 

Marshall Islands

 

66-0845429

Gener8 Oceanus LLC

 

Marshall Islands

 

66-0845431

Gener8 Perseus LLC

 

Marshall Islands

 

66-0845499

Gener8 Strength LLC

 

Marshall Islands

 

66-0845879

Gener8 Success LLC

 

Marshall Islands

 

47-4978120

Gener8 Supreme LLC

 

Marshall Islands

 

66-0845729

Gener8 Theseus LLC

 

Marshall Islands

 

66-0845497

GMR Agamemnon LLC

 

Liberia

 

98-0395170

GMR Argus LLC

 

Marshall Islands

 

98-0395206

GMR Atlas LLC

 

Marshall Islands

 

98-0666042

GMR Daphne LLC

 

Marshall Islands

 

98-0588044

GMR Defiance LLC

 

Liberia

 

98-0425179

GMR Elektra LLC

 

Marshall Islands

 

98-0588046

GMR George T LLC

 

Marshall Islands

 

98-0550184

GMR Harriet G LLC

 

Liberia

 

98-0486381

GMR Hercules LLC

 

Marshall Islands

 

98-0666039

GMR Horn LLC

 

Marshall Islands

 

98-0395220

GMR Kara G LLC

 

Liberia

 

98-0513241

GMR Maniate LLC

 

Marshall Islands

 

98-0666040

GMR Orion LLC

 

Marshall Islands

 

98-0395227

GMR Phoenix LLC

 

Marshall Islands

 

98-0395229

GMR Poseidon LLC

 

Marshall Islands

 

98-0666041

GMR Spartiate LLC

 

Marshall Islands

 

98-0666037

GMR Spyridon LLC

 

Marshall Islands

 

98-0395238

GMR St. Nikolas LLC

 

Marshall Islands

 

98-0555133

GMR Strength LLC

 

Liberia

 

98-0425181

GMR Ulysses LLC

 

Marshall Islands

 

98-0666035

GMR Zeus LLC

 

Marshall Islands

 

98-0666038

Unique Tankers LLC

 

Marshall Islands

 

66-0795540

Victory Ltd.

 

Bermuda

 

98-0471655

Vision Ltd.

 

Bermuda

 

98-0471654

 

299 Park Avenue
New York, New York
(Address of principal executive offices
of additional registrants)

 

10171
(Zip Code)

 

 

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

340 Madison Avenue, 4th Floor

New York, NY  10017-2613

 

(b)                                 Whether it is authorized to exercise corporate trust powers.

 

The trustee is authorized to exercise corporate trust powers.

 

Item 2.                                                         Affiliations with the obligor.  If the obligor is an affiliate of the trustee, describe such affiliation.

 

None.

 

Item 16.                                                  List of exhibits.  List below all exhibits filed as a part of this statement of eligibility.

 

1.            A copy of the articles of association of the trustee. (See Exhibit 1 to Form T-1 filed with Registration Statement No. 333-179383)

 

2.            A copy of the certificate of authority of the trustee to commence business.  (See Exhibit 2 to Form T-1 filed with Registration Statement No. 333-179383)

 

3.            See exhibits 1 and 2.

 

4.             A copy of the existing bylaws of the trustee, as now in effect.  (See Exhibit 4 to Form T-1 filed with Registration Statement No. 333-179383)

 

6.             The consent of the Trustee required by Section 321(b) of the Act.

 

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.

 


 

SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939, the trustee, Computershare Trust Company, National Association, a national banking association, organized and existing under the laws of the United States, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the Hamlet of Hauppauge, and State of New York, on the 23rd day of December 2016.

 

 

COMPUTERSHARE TRUST COMPANY,
NATIONAL ASSOCIATION

 

 

 

 

 

 

By:

/s/ Michael A. Smith

 

 

Michael A. Smith
Trust Officer

 


 

EXHIBIT 6

 

CONSENT OF THE TRUSTEE

 

Pursuant to the requirements of Section 321 (b) of the Trust Indenture Act of 1939, and in connection with the proposed issue of GENER8 MARITIME, INC.’s debt securities, Computershare Trust Company, N.A. hereby consents that reports of examinations by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon request therefore.

 

 

COMPUTERSHARE TRUST COMPANY,
NATIONAL ASSOCIATION

 

 

 

 

 

By:

/s/ Michael A. Smith

 

 

Michael A. Smith
Trust Officer

 

Hauppauge, New York
December 23, 2016

 


 

EXHIBIT 7

 

Consolidated Report of Condition of

COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION

250 Royall Street, Canton, MA 02021

at the close of business June 30, 2016.

 

 

 

Dollar Amounts In Thousands

 

ASSETS

 

 

 

Cash and balances due from depository institutions:

 

 

 

Noninterest-bearing balances and currency and coin

 

-0-

 

Interest-bearing balances

 

-0-

 

Securities:

 

 

 

Held-to-maturity securities

 

-0-

 

Available-for-sale securities

 

18,660

 

Federal funds sold and securities purchased under agreements to resell:

 

 

 

Federal funds sold in domestic offices

 

-0-

 

Securities purchased under agreements to resell

 

-0-

 

Loans and lease financing receivables:

 

 

 

Loans and leases held for sale

 

-0-

 

Loans and leases, net of unearned income

 

-0-

 

LESS: Allowance for loan and lease losses

 

-0-

 

Loans and leases, net of unearned income and allowance

 

-0-

 

Trading assets

 

-0-

 

Premises and fixed assets (including capitalized leases)

 

-0-

 

Other real estate owned

 

-0-

 

Investments in unconsolidated subsidiaries and associated companies

 

-0-

 

Direct and indirect investments in real estate ventures

 

-0-

 

Intangible assets:

 

 

 

Goodwill

 

7,756

 

Other intangible assets

 

-0-

 

Other assets

 

734

 

Total assets

 

27,150

 

 


 

LIABILITIES

 

 

 

Deposits:

 

 

 

In domestic offices

 

-0-

 

Noninterest-bearing

 

-0-

 

Interest-bearing

 

-0-

 

Federal funds purchased and securities sold under agreements to repurchase:

 

 

 

Federal funds purchased in domestic offices

 

-0-

 

Securities sold under agreements to repurchase

 

-0-

 

Trading liabilities

 

-0-

 

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

 

-0-

 

Not applicable

 

 

 

Not applicable

 

 

 

Subordinated notes and debentures

 

-0-

 

Other liabilities

 

2,482

 

Total liabilities

 

2,482

 

EQUITY CAPITAL

 

 

 

Perpetual preferred stock and related surplus

 

0

 

Common stock

 

500

 

Surplus (exclude all surplus related to preferred stock)

 

18,894

 

Retained earnings

 

5,274

 

Accumulated other comprehensive income

 

-0-

 

Other equity capital components

 

-0-

 

Total bank equity capital

 

24,668

 

Noncontrolling (minority) interests in consolidated subsidiaries

 

-0-

 

Total equity capital

 

24,668

 

Total liabilities and equity capital

 

27,150

 

 

I, Robert G. Marshall, Assistant Controller of the above named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.

 

Robert G. Marshall

Assistant Controller