EX-25.1 38 a2106838zex-25_1.htm EXHIBIT 25.1

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)

 

WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

A U.S. National Banking Association

 

41-1592157

(Jurisdiction of incorporation or

 

(I.R.S. Employer

organization if not a U.S. national bank)

 

Identification No.)

 

 

 

Sixth Street and Marquette Avenue

 

 

Minneapolis, Minnesota

 

55479

(Address of principal executive offices)

 

(Zip code)

 

Stanley S. Stroup, General Counsel

WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION

Sixth Street and Marquette Avenue

Minneapolis, Minnesota  55479

(612) 667-1234

(Agent for Service)


HOUGHTON MIFFLIN COMPANY

(Exact name of obligor as specified in its charter)

 

 

Massachusetts

 

04-1456030

(State or other jurisdiction of

 

(I.R.S. Employer

incorporation or organization)

 

Identification No.)

 

 

 

222 Berkeley Street

 

 

Boston, Massachusetts

 

02116

Address of principal executive offices)

 

(Zip code)


8.250% Senior Notes due 2011

9.875% Senior Subordinated Notes due 2013

(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.

 

Federal Deposit Insurance Corporation
Washington, D.C.

 

The Board of Governors of the Federal Reserve System
Washington, D.C.

 

(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 the exhibits attached hereto.

 

Exhibit 1.                a.            A copy of the Articles of Association of the trustee now in effect.***

 

Exhibit 2.                a.            A copy of the certificate of authority of the trustee to commence business issued June 28, 1872, by the Comptroller of the Currency to The Northwestern National Bank of Minneapolis.*

 

b.                                    A copy of the certificate of the Comptroller of the Currency dated January 2, 1934, approving the consolidation of The Northwestern National Bank of Minneapolis and The Minnesota Loan and Trust Company of Minneapolis, with the surviving entity being titled Northwestern National Bank and Trust Company of Minneapolis.*

 

c.                                     A copy of the certificate of the Acting Comptroller of the Currency dated January 12, 1943, as to change of corporate title of Northwestern National Bank and Trust Company of Minneapolis to Northwestern National Bank of Minneapolis.*

 

d.                                      A copy of the letter dated May 12, 1983 from the Regional Counsel, Comptroller of the Currency, acknowledging receipt of notice of name

 



 

change effective May 1, 1983 from Northwestern National Bank of Minneapolis to Norwest Bank Minneapolis, National Association.*

 

e.                                       A copy of the letter dated January 4, 1988 from the Administrator of National Banks for the Comptroller of the Currency certifying approval of consolidation and merger effective January 1, 1988 of Norwest Bank Minneapolis, National Association with various other banks under the title of “Norwest Bank Minnesota, National Association.”*

 

f.                                         A copy of the letter dated July 10, 2000 from the Administrator of National Banks for the Comptroller of the Currency certifying approval of consolidation effective July 8, 2000 of Norwest Bank Minnesota, National Association with various other banks under the title of “Wells Fargo Bank Minnesota, National Association.”****

 

Exhibit 3.                A copy of the authorization of the trustee to exercise corporate trust powers issued January 2, 1934, by the Federal Reserve Board.*

 

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

 

Exhibit 5.                                                Not applicable.

 

Exhibit 6.                                                The consent of the trustee required by Section 321(b) of the Act.

 

Exhibit 7.                                                Consolidated Report of Condition attached.

 

Exhibit 8.                                                Not applicable.

 

Exhibit 9.                                                Not applicable.

 

 

 

*                                         Incorporated by reference to exhibit number 25.1(b) filed with registration statement number 333-74872.

 

***                           Incorporated by reference to exhibit T3G filed with registration statement number 022-22473.

 

****                    Incorporated by reference to exhibit number 2f to the trustee’s Form T-1 filed as exhibit 25.1 to the Current Report Form 8-K dated September 8, 2000 of NRG Energy Inc. file number 001-15891.

 



 

SIGNATURE

 

 

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo Bank Minnesota, 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 Minneapolis and State of Minnesota on the 1st day of April 2003.

 

 

 

 

WELLS FARGO BANK MINNESOTA,

 

NATIONAL ASSOCIATION

 

 

 

 

By:

/s/ Joseph P. O’Donnell

 

 

Joseph P. O’Donnell

 

 

Corporate Trust Officer

 

 



 

 

EXHIBIT 6

 

 

April 1, 2003

 

 

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 therefor.

 

 

 

Very truly yours,

 

 

 

 

WELLS FARGO BANK MINNESOTA,

 

NATIONAL ASSOCIATION

 

 

 

 

By:

/s/ Joseph P. O’Donnell

 

 

Joseph P. O’Donnell

 

 

Corporate Trust Officer

 

 



 

EXHIBIT 7

 

Consolidated Report of Condition of

 

Wells Fargo Bank Minnesota, National Association
of Sixth Street and Marquette Avenue, Minneapolis, MN 55479
And Foreign and Domestic Subsidiaries,
at the close of business December 31, 2002, 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

 

$

1,820

 

Interest-bearing balances

 

64

 

Securities:

 

 

 

Held-to-maturity securities

 

0

 

Available-for-sale securities

 

1,614

 

Federal funds sold and securities purchased under agreements to resell:

 

 

 

Federal funds sold in domestic offices

 

8,119

 

Securities purchased under agreements to resell

 

160

 

Loans and lease financing receivables:

 

 

 

Loans and leases held for sale

 

21,079

 

Loans and leases, net of unearned income

 

18,012

 

LESS: Allowance for loan and lease losses

 

284

 

Loans and leases, net of unearned income and allowance

 

17,728

 

Trading Assets

 

367

 

Premises and fixed assets (including capitalized leases)

 

157

 

Other real estate owned

 

7

 

Investments in unconsolidated subsidiaries and associated companies

 

0

 

Customers’ liability to this bank on acceptances outstanding

 

23

 

Intangible assets

 

 

 

Goodwill

 

342

 

Other intangible assets

 

8

 

Other assets

 

1,355

 

Total assets

 

$

52,843

 

 

 

 

 

LIABILITIES

 

 

 

Deposits:

 

 

 

In domestic offices

 

$

32,863

 

Noninterest-bearing

 

20,656

 

Interest-bearing

 

12,207

 

In foreign offices, Edge and Agreement subsidiaries, and IBFs

 

5,802

 

Noninterest-bearing

 

11

 

Interest-bearing

 

5,791

 

Federal funds purchased and securities sold under agreements to repurchase:

 

 

 

Federal funds purchased in domestic offices

 

1,686

 

Securities sold under agreements to repurchase

 

459

 

 



 

 

 

Dollar Amounts

 

 

 

In Millions

 

 

 

 

 

Trading liabilities

 

46

 

Other borrowed money
(includes mortgage indebtedness and obligations under capitalized leases)

 

7,082

 

Bank’s liability on acceptances executed and outstanding

 

24

 

Subordinated notes and debentures

 

0

 

Other liabilities

 

802

 

Total liabilities

 

$

48,764

 

 

 

 

 

Minority interest in consolidated subsidiaries

 

0

 

 

 

 

 

EQUITY CAPITAL

 

 

 

Perpetual preferred stock and related surplus

 

0

 

Common stock

 

100

 

Surplus (exclude all surplus related to preferred stock)

 

2,133

 

Retained earnings

 

1,793

 

Accumulated other comprehensive income

 

53

 

Other equity capital components

 

0

 

Total equity capital

 

4,079

 

Total liabilities, minority interest, and equity capital

 

$

52,843

 

 

I, Karen B. Martin, Vice President 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.

 

     Karen B. Martin
        Vice President

 

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.

 

Jon R. Campbell
Marilyn A. Dahl                                                   Directors

Gerald B. Stenson