EX-25.1 7 stjude073522_ex25-1.htm FORM T-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)

 

 

 

 

 

 

 

U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)

31-0841368
I.R.S. Employer Identification No.

 

 

   

800 Nicollet Mall

 

Minneapolis, Minnesota

55402

   

(Address of principal executive offices)

(Zip Code)

   

Richard Prokosch
U.S. Bank National Association
60 Livingston Avenue
St. Paul, MN 55107
(651) 495-3918
(Name, address and telephone number of agent for service)

St. Jude Medical, Inc.
(Issuer with respect to the Securities)

 

 

   

Minnesota

41-1276891

   

(State or other jurisdiction of incorporation or organization)

(I.R.S. Employer Identification No.)

 

 

   

 

 

   

One Lillehei Plaza
St. Paul, Minnesota

55117

   

(Address of Principal Executive Offices)

(Zip Code)

   

1.22% Convertible Senior Debentures due 2008
(Title of the Indenture Securities)




FORM T-1

 

 

 

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

 

 

Washington, D.C.

 

 

 

 

b)

Whether it is authorized to exercise corporate trust powers.

 

 

 

 

 

Yes

 

 

 

Item 2.

AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.

 

 

 

 

 

None

 

 

 

Items 3-15.

Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

 

 

 

Item 16.

  LIST OF EXHIBITS:  List below all exhibits filed as a part of this statement of eligibility and qualification.

 

 

 

 

1.

A copy of the Articles of Association of the Trustee.*

 

 

 

 

2.

A copy of the certificate of authority of the Trustee to commence business.*

 

 

 

 

3.

A copy of the certificate of authority of the Trustee to exercise corporate trust powers.*

 

 

 

 

4.

A copy of the existing bylaws of the Trustee.**

 

 

 

5.

A copy of each Indenture referred to in Item 4. Not applicable.

 

 

 

 

6.

The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

 

 

 

 

7.

Report of Condition of the Trustee as of June 30, 2007 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.


 

 

 

* Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.

 

** Incorporated by reference to Exhibit 25.1 to registration statement on S-4, Registration Number 333-145601 filed on August 21, 2007.

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SIGNATURE

          Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. 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 and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of St. Paul, State of Minnesota on the 22nd of August, 2007.

 

 

 

 

 

 

 

 

By:

/s/ Richard Prokosch

 

 

 

 

 

 

Richard Prokosch

 

 

Vice President


 

 

 

By:

/s/ Raymond Haverstock

 

 

 

 

Raymond Haverstock

 

Vice President

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Exhibit 6

CONSENT

          In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

 

 

 

 

Dated: August 22, 2007

 

 

 

 

 

 

By:

/s/ Richard Prokosch

 

 

 

 

 

 

Richard Prokosch

 

 

Vice President


 

 

 

By:

/s/ Raymond Haverstock

 

 

 

 

Raymond Haverstock

 

Vice President

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Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 6/30/2007

($000’s)

 

 

 

 

 

 

 

6/30/2007

 

 

 

 

 

Assets

 

 

 

 

Cash and Due From Depository Institutions

 

$

6,570,622

 

Securities

 

 

38,972,163

 

Federal Funds

 

 

3,771,433

 

Loans & Lease Financing Receivables

 

 

144,255,624

 

Fixed Assets

 

 

2,389,792

 

Intangible Assets

 

 

12,181,700

 

Other Assets

 

 

12,884,541

 

 

 

   

 

Total Assets

 

$

221,025,875

 

 

 

 

 

 

Liabilities

 

 

 

 

Deposits

 

$

133,727,871

 

Fed Funds

 

 

11,750,444

 

Treasury Demand Notes

 

 

0

 

Trading Liabilities

 

 

241,301

 

Other Borrowed Money

 

 

38,213,977

 

Acceptances

 

 

0

 

Subordinated Notes and Debentures

 

 

7,697,466

 

Other Liabilities

 

 

7,434,860

 

 

 

   

 

Total Liabilities

 

$

199,065,919

 

 

 

 

 

 

Equity

 

 

 

 

Minority Interest in Subsidiaries

 

$

1,537,943

 

Common and Preferred Stock

 

 

18,200

 

Surplus

 

 

12,057,531

 

Undivided Profits

 

 

8,346,282

 

 

 

   

 

Total Equity Capital

 

$

21,959,956

 

 

 

 

 

 

Total Liabilities and Equity Capital

 

$

221,025,070

 


 

 

 

 

To the best of the undersigned’s determination, as of the date hereof, the above financial information is true and correct.

 

 

U.S. Bank National Association

 

 

By:

/s/ Richard Prokosch

 

 

 

 

Vice President

 

 

Date: August 22, 2007

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