EX-25 9 d12154exv25.txt EX-25 STATEMENT OF ELIGIBILITY ON FORM T-1 EXHIBIT 25 -------------------------------------------------------------------------------- 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) -------- ---------------------------------------- JPMORGAN CHASE BANK (Exact name of trustee as specified in its charter) NEW YORK 13-4994650 (State of incorporation (I.R.S. employer if not a national bank) identification No.) 270 PARK AVENUE NEW YORK, NEW YORK 10017 (Address of principal executive offices) (Zip Code) William H. McDavid General Counsel 270 Park Avenue New York, New York 10017 Tel: (212) 270-2611 (Name, address and telephone number of agent for service) -------------------------------------------- COMMERCIAL METALS COMPANY (Exact name of obligor as specified in its charter) TEXAS 75-0725338 (State or other jurisdiction of (I.R.S. employer incorporation or organization) identification No.) 6565 NORTH MACARTHUR BLVD., SUITE 800 IRVING, TEXAS 75039 (Address of principal executive offices) (Zip Code) ---------------------------------------- DEBT SECURITIES (Title of the indenture securities) GENERAL 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. New York State Banking Department, State House, Albany, New York 12110. Board of Governors of the Federal Reserve System, Washington, D.C., 20551 Federal Reserve Bank of New York, District No. 2, 33 Liberty Street, New York, N.Y. Federal Deposit Insurance Corporation, Washington, D.C., 20429. (b) Whether it is authorized to exercise corporate trust powers. Yes. Item 2. Affiliations with the Obligor and Guarantors. If the obligor or any Guarantor is an affiliate of the trustee, describe each such affiliation. None. - 2 - Item 16. List of Exhibits List below all exhibits filed as a part of this Statement of Eligibility. 1. A copy of the Restated Organization Certificate of the Trustee dated March 25, 1997 and the Certificate of Amendment dated October 22, 2001 (see Exhibit 1 to Form T-1 filed in connection with Registration Statement No. 333-76894, which is incorporated by reference). 2. A copy of the Certificate of Authority of the Trustee to Commence Business (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 33-50010, which is incorporated by reference). On November 11, 2001 in connection with the merger of The Chase Manhattan Bank and Morgan Guaranty Trust Company of New York, the surviving corporation was renamed JPMorgan Chase Bank. 3. None, authorization to exercise corporate trust powers being contained in the documents identified above as Exhibits 1 and 2. 4. A copy of the existing By-Laws of the Trustee (see Exhibit 4 to Form T-1 filed in connection with Registration Statement No. 333-76894, which is incorporated by reference.). 5. Not applicable. 6. The consent of the Trustee required by Section 321(b) of the Act (see Exhibit 6 to Form T-1 filed in connection with Registration Statement No. 33-50010, which is incorporated by reference). On November 11, 2001, in connection with the merger of The Chase Manhattan Bank and Morgan Guaranty Trust Company of New York, the surviving corporation was renamed JPMorgan Chase Bank. 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. 8. Not applicable. 9. Not applicable. SIGNATURE Pursuant to the requirements of the Trust Indenture Act of 1939 the Trustee, JPMorgan Chase Bank, a corporation organized and existing under the laws of the State of New York, 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 17th day of December, 2003. JPMORGAN CHASE BANK By /s/ William G. Keenan ----------------------------- William G. Keenan Vice President Exhibit 7 to Form T-1 Bank Call Notice RESERVE DISTRICT NO. 2 CONSOLIDATED REPORT OF CONDITION OF JPMorgan Chase Bank of 270 Park Avenue, New York, New York 10017 and Foreign and Domestic Subsidiaries, a member of the Federal Reserve System, at the close of business June 30, 2003, in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.
DOLLAR AMOUNTS ASSETS IN MILLIONS Cash and balances due from depository institutions: Noninterest-bearing balances and currency and coin ...................................... $ 22,657 Interest-bearing balances .............................. 10,600 Securities: Held to maturity securities ................................. 268 Available for sale securities ............................... 76,771 Federal funds sold and securities purchased under agreements to resell ................................... Federal funds sold in domestic offices ................. 3,844 Securities purchased under agreements to resell ........ 86,290 Loans and lease financing receivables: Loans and leases held for sale ......................... 31,108 Loans and leases, net of unearned income ............... $166,046 Less: Allowance for loan and lease losses .............. 3,735 Loans and leases, net of unearned income and allowance .............................................. 162,311 Trading Assets .............................................. 186,546 Premises and fixed assets (including capitalized leases) .... 6,142 Other real estate owned ..................................... 133 Investments in unconsolidated subsidiaries and associated companies ................................... 696 Customers' liability to this bank on acceptances outstanding ............................................ 225 Intangible assets Goodwill ............................................ 2,201 Other Intangible assets ............................. 3,058 Other assets ................................................ 68,983 TOTAL ASSETS ................................................ $661,833 ========
DOLLAR AMOUNTS LIABILITIES IN MILLIONS Deposits In domestic offices .................................... $189,571 Noninterest-bearing .................................... $ 82,747 Interest-bearing ....................................... 106,824 In foreign offices, Edge and Agreement subsidiaries and IBF's ................................. 125,990 Noninterest-bearing .................................... $ 6,025 Interest-bearing ....................................... 119,965 Federal funds purchased and securities sold under agreements to repurchase: Federal funds purchased in domestic offices ............ 4,978 Securities sold under agreements to repurchase ......... 114,181 Trading liabilities ......................................... 129,299 Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases) .............. 10,186 Bank's liability on acceptances executed and outstanding .... 225 Subordinated notes and debentures ........................... 8,202 Other liabilities ........................................... 41,452 TOTAL LIABILITIES ........................................... 624,084 Minority Interest in consolidated subsidiaries .............. 104 EQUITY CAPITAL Perpetual preferred stock and related surplus ............... 0 Common stock ................................................ 1,785 Surplus (exclude all surplus related to preferred stock) ... 16,304 Retained earnings ........................................... 18,426 Accumulated other comprehensive income ...................... 1,130 Other equity capital components ............................. 0 TOTAL EQUITY CAPITAL ........................................ 37,645 -------- TOTAL LIABILITIES, MINORITY INTEREST, AND EQUITY CAPITAL .... $661,833 ========
I, Joseph L. Sclafani, E.V.P. & Controller 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. JOSEPH L. SCLAFANI 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 in- structions issued by the appropriate Federal regulatory authority and is true and correct. WILLIAM B. HARRISON, JR.) HANS W. BECHERER ) FRANK A. BENNACK, JR. )