EX-25.1 7 d832625dex251.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)

 

 

CTR Partnership, L.P.

(Exact name of obligor as specified in its charter)

 

 

 

Delaware     46-5636558

(State or other jurisdiction of

incorporation or organization)

    

(I.R.S. Employer

Identification No.)

 

 

CareTrust Capital Corp.

(Exact name of obligor as specified in its charter)

 

 

 

Delaware     46-5636618

(State or other jurisdiction of

incorporation or organization)

    

(I.R.S. Employer

Identification No.)

 

 

See Table of Co-Registrants

 

905 Calle Amanecer, Suite 300

San Clemente, California

   92673
(Address of principal executive offices)   (Zip code)

 

 

Debt Securities

Guarantees of Debt Securities

(Title of the indenture securities)

 

 

 

TABLE OF CO-REGISTRANTS

 

Exact Name of Co-Registrant as Specified in Its Charter

    Primary Standard
Industrial
Classification Number		    State or Other
Jurisdiction of
Incorporation or
Organization		    I.R.S. Employer
Identification No.

CareTrust REIT, Inc.

    6798    Maryland    46-3999490

CareTrust GP, LLC

    6798    Delaware    46-5636457

CTR Arvada Preferred, LLC

    6798    Delaware    81-2777797

CTR Cascadia Preferred, LLC

    6798    Delaware    81-0823675

Gulf Coast Buyer 1 LLC

    6798    Delaware    83-3911673

18th Place Health Holdings LLC

    6798    Nevada    45-3822627

49th Street Health Holdings LLC

    6798    Nevada    46-2101376

4th Street Holdings LLC

    6798    Nevada    45-2326120

51st Avenue Health Holdings LLC

    6798    Nevada    46-0888200

Anson Health Holdings LLC

    6798    Nevada    26-3565487

Arapahoe Health Holdings LLC

    6798    Nevada    26-4107101

Arrow Tree Health Holdings LLC

    6798    Nevada    04-3776515

Avenue N Holdings LLC

    6798    Nevada    71-1009792

Big Sioux River Health Holdings LLC

    6798    Nevada    45-2377887

Boardwalk Health Holdings LLC

    6798    Nevada    45-4392752

Bogardus Health Holdings LLC

    6798    Nevada    45-2499703

Burley Healthcare Holdings LLC

    6798    Nevada    27-1220856

Casa Linda Retirement LLC

    6798    Nevada    45-0642596

Cedar Avenue Holdings LLC

    6798    Nevada    32-0124970

Cherry Health Holdings LLC

    6798    Nevada    65-1283277

CM Health Holdings LLC

    6798    Nevada    33-1127462

Cottonwood Health Holdings LLC

    6798    Nevada    76-0843187

Dallas Independence LLC

    6798    Nevada    46-5674733

Dixie Health Holdings LLC

    6798    Nevada    45-2101850

Emmett Healthcare Holdings LLC

    6798    Nevada    27-1220874

Ensign Bellflower LLC

    6798    Nevada    33-0928665

Ensign Highland LLC

    6798    Nevada    33-0916185

Ensign Southland LLC

    6798    Nevada    94-3367213

Everglades Health Holdings LLC

    6798    Nevada    27-4222148

Expo Park Health Holdings LLC

    6798    Nevada    27-3239927

Expressway Health Holdings LLC

    6798    Nevada    27-1141971

Falls City Health Holdings LLC

    6798    Nevada    45-2319306

Fifth East Holdings LLC

    6798    Nevada    27-1531128

Fig Street Health Holdings LLC

    6798    Nevada    46-0606430

Flamingo Health Holdings LLC

    6798    Nevada    45-0611649

Fort Street Health Holdings LLC

    6798    Nevada    20-0311975

Gazebo Park Health Holdings LLC

    6798    Nevada    45-2377777

Gillette Park Health Holdings LLC

    6798    Nevada    45-2326015

Golfview Holdings LLC

    6798    Nevada    71-1009793

Granada Investments LLC

    6798    Nevada    81-0676869

Guadalupe Health Holdings LLC

    6798    Nevada    46-0859004

Hillendahl Health Holdings LLC

    6798    Nevada    26-4324415

Hillview Health Holdings LLC

    6798    Nevada    45-0642920

Irving Health Holdings LLC

    6798    Nevada    45-2318905

Ives Health Holdings LLC

    6798    Nevada    45-4073038

Jefferson Ralston Holdings LLC

    6798    Nevada    26-3853746

Jordan Health Properties LLC

    6798    Nevada    27-0812055

Josey Ranch Healthcare Holdings LLC

    6798    Nevada    27-1874671

Kings Court Health Holdings LLC

    6798    Nevada    46-1300173

Lafayette Health Holdings LLC

    6798    Nevada    26-3853842

Lemon River Holdings LLC

    6798    Nevada    26-3897134

Lockwood Health Holdings LLC

    6798    Nevada    42-2581084

Long Beach Health Associates LLC

    6798    Nevada    56-2478495

Exact Name of Co-Registrant as Specified in Its Charter

    Primary Standard
Industrial
Classification Number		    State or Other
Jurisdiction of
Incorporation or
Organization		    I.R.S. Employer
Identification No.

Lowell Health Holdings LLC

    6798    Nevada    26-3853663

Lowell Lake Health Holdings LLC

    6798    Nevada    45-5471789

Lufkin Health Holdings LLC

    6798    Nevada    26-3800438

Meadowbrook Health Associates LLC

    6798    Nevada    04-3776511

Memorial Health Holdings LLC

    6798    Nevada    45-3542053

Mesquite Health Holdings LLC

    6798    Nevada    20-8422739

Mission CCRC LLC

    6798    Nevada    27-4177579

Moenium Holdings LLC

    6798    Nevada    68-0538213

Mountainview Communitycare LLC

    6798    Nevada    04-3601110

Northshore Healthcare Holdings LLC

    6798    Nevada    27-1931016

Oleson Park Health Holdings LLC

    6798    Nevada    45-2378176

Orem Health Holdings LLC

    6798    Nevada    45-3822605

Paredes Health Holdings LLC

    6798    Nevada    27-1141933

Plaza Health Holdings LLC

    6798    Nevada    37-1495381

Polk Health Holdings LLC

    6798    Nevada    14-1957383

Prairie Health Holdings LLC

    6798    Nevada    45-2187648

Price Health Holdings LLC

    6798    Nevada    27-0812085

Queen City Health Holdings LLC

    6798    Nevada    46-1798242

Queensway Health Holdings LLC

    6798    Nevada    46-0597434

RB Heights Health Holdings LLC

    6798    Nevada    26-0242020

Regal Road Health Holdings LLC

    6798    Nevada    26-0242058

Renee Avenue Health Holdings LLC

    6798    Nevada    45-4050216

Rillito Holdings LLC

    6798    Nevada    57-1159647

Rio Grande Health Holdings LLC

    6798    Nevada    27-1142000

Salmon River Health Holdings LLC

    6798    Nevada    45-5466483

Salt Lake Independence LLC

    6798    Nevada    46-5682444

San Corrine Health Holdings LLC

    6798    Nevada    26-3568846

Saratoga Health Holdings LLC

    6798    Nevada    46-2578375

Silver Lake Health Holdings LLC

    6798    Nevada    27-0812074

Silverada Health Holdings LLC

    6798    Nevada    90-0763351

Sky Holdings AZ LLC

    6798    Nevada    03-0392059

Snohomish Health Holdings LLC

    6798    Nevada    74-3167531

South Dora Health Holdings LLC

    6798    Nevada    45-2499727

Stillhouse Health Holdings LLC

    6798    Nevada    45-5071226

Temple Health Holdings LLC

    6798    Nevada    26-3568897

Tenth East Holdings LLC

    6798    Nevada    71-1009788

Terrace Holdings AZ LLC

    6798    Nevada    01-0605624

Trinity Mill Holdings LLC

    6798    Nevada    02-0791845

Trousdale Health Holdings LLC

    6798    Nevada    26-0242158

Tulalip Bay Health Holdings LLC

    6798    Nevada    46-2578461

Valley Health Holdings LLC

    6798    Nevada    68-0588159

Verde Villa Holdings LLC

    6798    Nevada    20-8423288

Wayne Health Holdings LLC

    6798    Nevada    45-2325884

Willits Health Holdings LLC

    6798    Nevada    26-3568764

Willows Health Holdings LLC

    6798    Nevada    46-2100785

Wisteria Health Holdings LLC

    6798    Nevada    27-4019408

The address, including zip code, of each Co-Registrant’s principal executive office is 905 Calle Amanecer, Suite 300, San Clemente, California 92673, and the telephone number of each Co-Registrant’s executive office is (949) 542-3130.

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 filed as exhibit to the Filing 305B2 dated March 13, 2015 of 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 Los Angeles and State of California on the 28th day of February, 2020.

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

/s/ Michael Tu

Michael Tu
Vice President

EXHIBIT 6

February 28, 2020

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
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, 2019, 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

       $ 21,178  

Interest-bearing balances

         119,085  

Securities:

      

Held-to-maturity securities

         153,873  

Available-for-sale securities

         251,838  

Equity Securities with readily determinable fair value not held for trading

         96  

Federal funds sold and securities purchased under agreements to resell:

      

Federal funds sold in domestic offices

         57  

Securities purchased under agreements to resell

         60,355  

Loans and lease financing receivables:

      

Loans and leases held for sale

         16,488  

Loans and leases, net of unearned income

      927,231     

LESS: Allowance for loan and lease losses

      9,284     

Loans and leases, net of unearned income and allowance

         917,947  

Trading Assets

         61,182  

Premises and fixed assets (including capitalized leases)

         11,822  

Other real estate owned

         296  

Investments in unconsolidated subsidiaries and associated companies

         13,242  

Direct and indirect investments in real estate ventures

         110  

Intangible assets

         36,032  

Other assets

         49,318  
     

 

 

  

Total assets

       $ 1,712,919  
     

 

 

  

LIABILITIES

      

Deposits:

      

In domestic offices

       $ 1,326,735  

Noninterest-bearing

      399,083     

Interest-bearing

      927,652     

In foreign offices, Edge and Agreement subsidiaries, and IBFs

         55,403  

Noninterest-bearing

      748     

Interest-bearing

      54,655     

Federal funds purchased and securities sold under agreements to repurchase:

      

Federal funds purchased in domestic offices

         4,283  

Securities sold under agreements to repurchase

         5,593  

     Dollar Amounts
In Millions		  

Trading liabilities

      9,458  

Other borrowed money

   

(Includes mortgage indebtedness and obligations under capitalized leases)

      100,635  

Subordinated notes and debentures

      11,937  

Other liabilities

      31,482  
  

 

 

  

Total liabilities

    $ 1,545,526  

EQUITY CAPITAL

   

Perpetual preferred stock and related surplus

      0  

Common stock

      519  

Surplus (exclude all surplus related to preferred stock)

      114,728  

Retained earnings

      51,071  

Accumulated other comprehensive income

      1,028  

Other equity capital components

      0  
  

 

 

  

Total bank equity capital

      167,346  

Noncontrolling (minority) interests in consolidated subsidiaries

      47  
  

 

 

  

Total equity capital

      167,393  
  

 

 

  

Total liabilities, and equity capital

    $ 1,712,919  
  

 

 

  

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 H. Quigley

Theodore F. Craver, Jr.

Juan A. Pujadas