EX-25.1 2 dex251.htm FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE SENIOR DEBT SECURITIES INDENTURE Form T-1 Statement of Eligibility under the Senior Debt Securities Indenture

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)  x

 


 

SUNTRUST BANK

(Exact name of trustee as specified in its charter)

 

Georgia   58-0466330

(Jurisdiction of Incorporation of

organization if not a U.S. national bank)

 

(I.R.S. employer

identification no.)

303 Peachtree Street

30th Floor

Atlanta, Georgia

  30308
(Address of Principal Executive Offices)   (Zip Code)

 

Patricia Spruell

SunTrust Bank

25 Park Place, N.E.

24th Floor

Atlanta, Georgia 30303-2900

(404) 588-7273

(Name, address and telephone number of agent for service)

 

OMNICARE, INC.    Delaware    31-1001351
OMNICARE PURCHASING COMPANY, LP    Delaware    61-1401039

(Exact name of Obligor as Specified

in its Charter)

  

(State or other Jurisdiction of

Incorporation or Organization)

  

(I.R.S. employer

identification no.)

 

100 East RiverCenter Boulevard

Covington, Kentucky 41011

(Address of principal executive offices)

 

Senior Convertible Debentures due 2035

SEC File Number 333-127616

 

(Title of the indenture securities)

 



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.

 

Department of Banking and Finance,

State of Georgia

Atlanta, Georgia

 

Federal Reserve Bank of Atlanta

104 Marietta Street, N.W.

Atlanta, Georgia

 

Federal Deposit Insurance Corporation Washington, D.C.

 

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

 

Yes.

 

2. Affiliations with the Obligor.

 

If the obligor is an affiliate of the trustee, describe each such affiliation.

 

None.

 

3-15 No responses are included for Items 3 through 15. As provided in General Instruction B, responses to those Items are not required because the obligor is not in default on any securities issued under indentures under which SunTrust Bank is a trustee.

 

16. List of Exhibits.

 

List below all exhibits filed as a part of this statement of eligibility; exhibits identified in parentheses are filed with the Commission and are incorporated herein by reference as exhibits hereto pursuant to Rule 7a-29 under the Trust Indenture Act of 1939, as amended, and Rule 24 of the Commission’s Rules of Practice.

 

  (1)  –  (3) A copy of the Articles of Amendment and Restated Articles of Association of SunTrust Bank as now in effect which contains the authority to commence business and a grant of power to exercise trust powers (Incorporated by reference to Exhibit 1 to Form T-1, Registration No. 333-82717).

 

  (4) A copy of the existing by-laws of the trustee as now in effect (Incorporated by reference to Exhibit 4 to Form T-1, Registration No. 333-128720).

 

  (5) Not applicable.

 

  (6) The consent of the trustee required by Section 321(b) of the Trust Indenture Act of 1939.

 

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  (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 as of the close of business on September 30, 2005.

 

  (8) Not applicable.

 

  (9) Not applicable.

 

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SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939 the trustee, SunTrust Bank, a banking corporation organized and existing under the laws of the State of Georgia, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Atlanta, and the State of Georgia, on the 9th day of December, 2005.

 

SUNTRUST BANK

By:

 

/s/ Patricia Spruell


    Patricia Spruell
    Vice President

 

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EXHIBITS 1 – 3 TO FORM T-1

 

ARTICLES OF ASSOCIATION, CERTIFICATE OF AUTHORITY

AND TRUST POWERS AUTHORIZATION

OF

SUNTRUST BANK

 

(Incorporated by reference to Exhibit 1 to Form T-1, Registration No. 333-82717)

 

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EXHIBIT 4 TO FORM T-1

 

BY-LAWS

OF

SUNTRUST BANK

 

(Incorporated by reference to Exhibit 4 to Form T-1, Registration No. 333-128720)

 

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EXHIBIT 6 TO FORM T-1

 

CONSENT OF TRUSTEE

 

Pursuant to the requirements of Section 321(b) of the Trust Indenture Act of 1939, in connection with the proposed issuance of Senior Convertible Debentures due 2035 by Omnicare, Inc. and the guarantee of such debentures by Omnicare Purchasing Company, LP, SunTrust Bank 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 therefor.

 

SUNTRUST BANK

By:

 

/s/ Patricia Spruell


    Patricia Spruell
    Vice President

 

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EXHIBIT 7 TO FORM T-1

 

REPORT OF CONDITION

(ATTACHED)

 

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SunTrust Bank

  FFIEC 031 for

ATLANTA,GA30302

  Consolidated Report of Condition

Certificate Number: 00867

  September 30, 2005

 

Consolidated Report of Condition for Insured Commercial and State-Chartered Savings Banks for September 30, 2005

 

All schedules are to be reported in thousands of dollars. Unless otherwise indicated, report the amount outstanding as of the last business day of the quarter.

 

 

Schedule RC - Balance Sheet    C400

 

Dollar Amounts in Thousands

                        
ASSETS                         
1.    Cash and balances due from depository institutions (from Schedule RC-A):              RCFD          
     a. Noninterest bearing balances and currency and coin (1)              0081    4,466,802    1.a
     b. Interest-bearing balances (2)              0071    16,860    1.b
2.    Securities:                         
     a. Held-to-maturity securities (from Schedule RC-B, column A)              1754    0    2.a
     b. Available-for-sale securities (from Schedule RC-B, column D)              1773    24,380,197    2.b
3.    Federal funds sold and securities purchased under agreements to resell (3)              B987    226,550    3
                    B989    3,755,072     
4.    Loans and lease financing receivables (from Schedule RC-C):    RCFD                    
     a. Loans and leases held for sale    5369    10,378,411               
     b. Loans and leases, net of unearned income    B528    112,485,472              4.a
     c. LESS: Allowance for loan and lease losses    3123    1,028,564              4.b
    

d. Loans and leases, net of unearned income, allowance, and reserve
(item 4.a minus 4.b and 4.c)

             RCFD          
                    B529    111,456,908    4.d
5.    Tracing assets (from Schedule RC-D)              3545    1,320,931    5.
6.    Premises and fixed assets (including capitalized leases)              2145    1,580,747    6.
7.    Other real estate owned (from Schedule RC-M)              2150    32,875    7.
8.   

Investments in unconsolidated subsidiaries and associated companies
(from Schedule RC-M)

             2130    0    8.
9.    Customers’ liability to this bank on acceptances outstanding              2155    6,202    9.
10.    Intangible assets              2143         10.
     a. Goodwill              3163    6,388,677    10.a
     b. Other intangible assets from Schedule RC-M              0426    992,695    10.b
11.    Other assets (from Schedule RC-F)              2160    5,771,310    11.
12.    Total assets (sum of items 1 through 11)              2170    170,774,237    12.

(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
(3) Includes all securities resale agreements in domestic and foreign offices, regardless of maturity.

 

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SunTrust Bank   FFIEC 031
ATLANTA , GA 30302   Consolidated Report of Condition
Certificate Number: 00867   for September 30, 2005

 

Schedule RC - Continued

 

Dollar Amounts in Thousands

                        
LIABILITIES                         
13.    Deposits:              RCON          
    

a. In domestic offices (sum of totals of columns A and C from Schedule RC-E, part 1):

   RCON         2200    107,723,347    13.a
    

(1) Noninterest-bearing (4)

   6631    9,708,662              13.a.1
    

(2) Interest-bearing

   6636    98,014,685              13.a.2
     b. In foreign offices, Edge and Agreement subsidiaries, and IBFs              RCFN         13.b
         (from Schedule RC-E, part II)    RCFN         2200    7,807,775     
    

(1) Noninterest-bearing

   6631    0              13.b.1
    

(2) Interest-bearing

   6636    7,807,775    RCFD         13.b.2
14.   

Federal funds purchased and securities sold under agreements to repurchase

                        
     a. Federal funds purchased in domestic offices (5)              B993    3,085,738    14
     b. Securities sold under agreements to repurchase (6)              B995    9,151,612     
                    RCFD          
15.    Trading liabilities (from Schedule RC-D)              3548    850,638    15.a
16.   

Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases) (from Schedule RC-M):

             3190    16,785,913     
17.    Not applicable                         
18.    Bank’s liability on acceptances executed and outstanding              2920    6,202    18
19.    Subordinated notes and debentures (7)              3200    3,849,566    19
20.    Other liabilities (from Schedule RC-G)              2930    2,880,835    20
21.    Total liabilities (sum of items 13 through 20)              2948    152,141,626    21
22.    Minority interest in consolidated subsidiaries              3000    478,002    22
     EQUITY CAPITAL                         
23.    Perpetual preferred stock and related surplus              3838    0    23
24.    Common stock              3230    21,600    24
25.    Surplus (exclude all surplus related to preferred stock)              3839    11,306,611    25
26.    a. Retained earnings              3632    6,292,421    26.a
     b. Accumulated other comprehensive income (8)              B530    533,977    26.b
27.    Other equity capital components (9)              A130    0    27
28.    Total equity capital (sum of items 23 through 27)              3210    18,154,609    28
29.   

Total liabilities minority interest, and equity capital (sum of items 21, 22 and 28)

             3300    170,774,237    29

 

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Memorandum
To be reported with the March Report of Condition.
              
1.    Indicated in the box at the right the number of the statement below that best describes the most comprehensive level of auditing work performed for the bank by independent external auditors as of any date during 2004    RCFD    Number     
          6724    N/A    M.1

 

1=    Independent audit of the bank conducted in accordance with generally accepted auditing standards by a certified public
accounting firm which submits a report on the bank
2=    Independent audit of the bank’s parent holding company conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the consolidated holding company (but not on the bank separately)
3=    Attestation on bank management’s assertion on the effectiveness of the bank’s internal control over financial reporting by a certified public accounting firm
4=    Directors’ examination of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm (may be required by state chartering authority)
5=    Directors’ examination of the bank performed by other external auditors (may be required by state chartering authority)
6=    Review of the bank’s financial statements by external auditors
7=    Compilation of the bank’s financial statements by external auditors
8=    Other audit procedures (excluding tax preparation work)
9=    No external audit work

(1) Includes cash items in process of collection.
(2) Includes time certificates of deposit not held for trading.
(3) Includes all securities resale agreements in domestic and foreign offices, regardless of maturity.
(4) Includes total demand deposits and noninterest-bearing time and savings deposits.
(5) Report overnight Federal Home Loan Bank advances and Schedule RC, item 16, “other borrowed money.”
(6) Includes all securities repurchase agreements in domestic and foreign offices, regardless of maturity.
(7) Includes limited-life preferred stock and related surplus.
(8) Includes net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, cumulative foreign currency translation adjustments, and minimum pension liability adjustments.
(9) Includes treasury stock and unearned Employee Stock Ownership Plan Shares.

 

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