EX-25.1 60 a2180214zex-25_1.htm T-1 STATEMENT WITH RESPECT TO THE SENIOR INDENTURE

 

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)

 

Not Applicable

 

94-1347393

(Jurisdiction of incorporation or

 

(I.R.S. Employer

organization if not a U.S. national bank)

 

Identification No.)

 

 

 

420 Montgomery Street

 

 

San Francisco, CA

 

94163

(Address of principal executive offices)

 

(Zip code)

 

Wells Fargo & Company
Law Department, Trust Section
MAC N9305-172
Sixth and Marquette, 17th Floor
Minneapolis, MN  55479
 (agent for services)

 


 

Dollar General Corporation

(Exact name of obligor as specified in its charter)

 

Tennessee

 

61-0502302

(State or other jurisdiction of

 

(I.R.S. Employer

incorporation or organization)

 

Identification No.)

 

 

 

100 Mission Ridge

 

 

Goodlettsville, TN

 

37072

(Address of principal executive offices)

 

(Zip code)

 


 

10.625% SENIOR NOTES DUE 2015
(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.  20230

 

                                                Federal Deposit Insurance Corporation

                                                Washington, D.C. 20429

 

                                                Federal Reserve Bank of San Francisco

                                                San Francisco, CA  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.

                                                                                                                                                                                                Wells Fargo Bank incorporates by reference into this Form T-1 exhibits attached hereto.

 

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 November 28, 2001. *

 

Exhibit 3.                                                                                                A copy of the authorization of the trustee to exercise corporate trust powers.  A copy of the Comptroller of the Currency Certificate of Corporate Existence (with Fiduciary Powers) for Wells Fargo Bank, National Association, dated November 28, 2001. *

 

Exhibit 4.                                                                                                Copy of By-laws of the trustee as now in effect. *

 

Exhibit 5.                                                                                                Not applicable.

 

Exhibit 6.                                                                                                The consents of United States institutional trustees required by Section 321(b) of the Act.

 

Exhibit 7.                                                                                                Attached is 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 exhibit number 25 filed with registration statement number 333-87398.

 



 

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 this 21st day of December 2007.

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

 

/s/ Maddy Hall

 

Name:

Maddy Hall

 

Title:

Assistant Vice President

 



 

Exhibit 6

 

December 21, 2007

 

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 thereof.

 

 

 

Very truly yours,

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

/s/ Maddy Hall

 

Maddy Hall

 

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, 2007, 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

 

 

 

$

12,302

 

Interest-bearing balances

 

 

 

1,022

 

Securities:

 

 

 

 

 

Held-to-maturity securities

 

 

 

0

 

Available-for-sale securities

 

 

 

48,254

 

Federal funds sold and securities purchased under agreements to resell:

 

 

 

 

 

Federal funds sold in domestic offices

 

 

 

15,276

 

Securities purchased under agreements to resell

 

 

 

1,881

 

Loans and lease financing receivables:

 

 

 

 

 

Loans and leases held for sale

 

 

 

21,274

 

Loans and leases, net of unearned income

 

277,174

 

 

 

LESS: Allowance for loan and lease losses

 

2,569

 

 

 

Loans and leases, net of unearned income and allowance

 

 

 

274,605

 

Trading Assets

 

 

 

5,557

 

Premises and fixed assets (including capitalized leases)

 

 

 

4,240

 

Other real estate owned

 

 

 

861

 

Investments in unconsolidated subsidiaries and associated companies

 

 

 

421

 

Intangible assets

 

 

 

 

 

Goodwill

 

 

 

9,718

 

Other intangible assets

 

 

 

19,391

 

Other assets

 

 

 

30,644

 

 

 

 

 

 

 

Total assets

 

 

 

$

445,446

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

Deposits:

 

 

 

 

 

In domestic offices

 

 

 

$

269,857

 

Noninterest-bearing

 

68,381

 

 

 

Interest-bearing

 

201,476

 

 

 

In foreign offices, Edge and Agreement subsidiaries, and IBFs

 

 

 

59,766

 

Noninterest-bearing

 

11

 

 

 

Interest-bearing

 

59,755

 

 

 

Federal funds purchased and securities sold under agreements to repurchase:

 

 

 

 

 

Federal funds purchased in domestic offices

 

 

 

12,491

 

Securities sold under agreements to repurchase

 

 

 

6,758

 

 



 

 

 

Dollar Amounts

 

 

 

In Millions

 

Trading liabilities

 

3,109

 

Other borrowed money

 

 

 

(includes mortgage indebtedness and obligations under capitalized leases)

 

26,482

 

Subordinated notes and debentures

 

10,896

 

Other liabilities

 

14,803

 

 

 

 

 

Total liabilities

 

$

404,162

 

 

 

 

 

Minority interest in consolidated subsidiaries

 

57

 

 

 

 

 

EQUITY CAPITAL

 

 

 

Perpetual preferred stock and related surplus

 

0

 

Common stock

 

520

 

Surplus (exclude all surplus related to preferred stock)

 

25,692

 

Retained earnings

 

14,509

 

Accumulated other comprehensive income

 

506

 

Other equity capital components

 

0

 

 

 

 

 

Total equity capital

 

41,227

 

 

 

 

 

Total liabilities, minority interest, and equity capital

 

$

445,446

 

 

I, Howard I. Atkins, 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.

 

 

Howard I. Atkins

 

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.

 

Michael Loughlin

John Stumpf

Directors

 

Carrie Tolstedt