EX-25.1 12 c78061exv25w1.txt FORM T-1 STATEMENT OF ELIGIBILITY Exhibit 25.1 ================================================================================ FORM T-1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------------------- 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.) -------------------------------------------------------------------------------- 180 East Fifth Street St. Paul, Minnesota 55101 -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) -------------------------------------------------------------------------------- Richard Prokosch U.S. Bank National Association 180 East Fifth Street St. Paul, MN 55101 (651) 244-8677 (Name, address and telephone number of agent for service) STARWOOD HOTELS & RESORTS WORLDWIDE, INC. STARWOOD HOTELS & RESORTS SHERATON HOLDING CORPORATION (Exact name of obligor as specified in its charter) -------------------------------------------------------------------------------- Maryland 52-1193298 -------------------------------------------------------------------------------- Maryland 52-0901263 -------------------------------------------------------------------------------- Nevada 88-0340591 -------------------------------------------------------------------------------- (State or other jurisdiction (I.R.S. Employer of incorporation or organization) Identification No.) -------------------------------------------------------------------------------- 111 Westchester Avenue White Plains, New York 10604 -------------------------------------------------------------------------------- Address of Principal Executive Offices) (Zip Code) -------------------------------------------------------------------------------- 3.50% CONVERTIBLE SENIOR NOTES DUE 2023 (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 December 31, 2002, published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7. * Incorporated by reference to Registration Number 333-67188. 2 NOTE The answers to this statement insofar as such answers relate to what persons have been underwriters for any securities of the obligors within three years prior to the date of filing this statement, or what persons are owners of 10% or more of the voting securities of the obligors, or affiliates, are based upon information furnished to the Trustee by the obligors. While the Trustee has no reason to doubt the accuracy of any such information, it cannot accept any responsibility therefor. 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 25th day of June, 2003. U.S. BANK NATIONAL ASSOCIATION By: /s/ Richard H. Prokosch --------------------------------- Richard H. Prokosch Vice President By: /s/ Lori-Anne Rosenberg --------------------------------- Lori-Anne Rosenberg Assistant Vice President 3 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: June 25, 2003 U.S. BANK NATIONAL ASSOCIATION By: /s/ Richard H. Prokosch --------------------------------- Richard H. Prokosch Vice President By: /s/ Lori-Anne Rosenberg --------------------------------- Lori-Anne Rosenberg Assistant Vice President 4 EXHIBIT 7 U.S. BANK NATIONAL ASSOCIATION STATEMENT OF FINANCIAL CONDITION AS OF 3/31/2003 ($000'S)
3/31/2003 ------------ ASSETS Cash and Due From Depository Institutions $ 9,084,839 Federal Reserve Stock 0 Securities 30,038,992 Federal Funds 833,567 Loans & Lease Financing Receivables 115,894,797 Fixed Assets 1,462,006 Intangible Assets 9,080,815 Other Assets 11,583,795 ------------ TOTAL ASSETS $177,978,811 LIABILITIES Deposits $121,508,878 Fed Funds 3,820,981 Treasury Demand Notes 0 Trading Liabilities 454,575 Other Borrowed Money 21,082,000 Acceptances 139,821 Subordinated Notes and Debentures 5,694,952 Other Liabilities 5,164,656 ------------ TOTAL LIABILITIES $157,865,863 EQUITY Minority Interest in Subsidiaries $ 993,907 Common and Preferred Stock 18,200 Surplus 11,015,123 Undivided Profits 8,085,718 ------------ TOTAL EQUITY CAPITAL $ 20,112,948 TOTAL LIABILITIES AND EQUITY CAPITAL $177,978,811
-------------------------------------------------------------------------------- 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 H. Prokosch ---------------------------------- Vice President Date: June 25, 2003 5