EX-25.1 7 ex25-1.htm EXHIBIT 25.1 - FORM T-1 ex25-1.htm
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)           |__|
___________________________
THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)
 
(Jurisdiction of incorporation
if not a U.S. national bank)
  
95-3571558
(I.R.S. employer
identification no.)
400 South Hope Street
Suite 400
Los Angeles, California
(Address of principal executive offices)    
 
 
 
90071
(Zip code)
 
___________________________
 
AFLAC INCORPORATED
(Exact name of obligor as specified in its charter)
Georgia
(State or other jurisdiction of
incorporation or organization)
 
  
58-1167100
(I.R.S. employer
identification no.)
1932 Wynnton Road
Columbus, Georgia
(Address of principal executive offices)
  
 
31999
(Zip code)
___________________________

Senior Debt Securities
(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.
 
Name
  
Address
Comptroller of the Currency
United States Department of the Treasury
 
  
Washington, DC 20219
Federal Reserve Bank
  
San Francisco, CA 94105
 
Federal Deposit Insurance Corporation
 
  
Washington, DC 20429
 
(b)
Whether it is authorized to exercise corporate trust powers.
 
Yes.
 
2.
Affiliations with Obligor.
 
If the obligor is an affiliate of the trustee, describe each such affiliation.
 
None.
 
16.
List of Exhibits.
 
Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the "Act") and 17 C.F.R. 229.10(d).
 
 
1.
A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152875).
 
 
2.
A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).
 
 
3.
A copy of the authorization of the trustee to exercise corporate trust powers (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-152875).
 
 
4.
A copy of the existing by-laws of the trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-162713).
 
 
6.
The consent of the trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-152875).
 
 
7.
A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.
 

 
 
 

SIGNATURE
 
Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon Trust Company, N.A., a 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 Chicago, and State of Illinois, on the 27th day of April, 2015.
 
 
 
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
       
 
By:
/s/   Jonathan Glover
  
 
Name:    
Jonathan Glover
  
 
Title:
Vice President
  


 
 
 


EXHIBIT 7

Consolidated Report of Condition of
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
of 400 South Hope Street, Suite 400, Los Angeles, CA 90071

At the close of business December 31, 2014, published in accordance with Federal regulatory authority instructions.

         
Dollar amounts
in thousands
  
ASSETS
 
            
Cash and balances due from depository institutions:
            
Noninterest-bearing balances and currency and coin
           2,244  
Interest-bearing balances
           283  
Securities:
              
Held-to-maturity securities
           0  
Available-for-sale securities
           681,797  
Federal funds sold and securities purchased under agreements to resell:
              
Federal funds sold
           181,700  
Securities purchased under agreements to resell
           0  
Loans and lease financing receivables:
              
Loans and leases held for sale
           0  
Loans and leases, net of unearned income
     0          
LESS: Allowance for loan and lease losses
     0          
Loans and leases, net of unearned income and allowance
             0  
Trading assets
             0  
Premises and fixed assets (including capitalized leases)
             13,215  
Other real estate owned
             0  
Investments in unconsolidated subsidiaries and associated companies
             0  
Direct and indirect investments in real estate ventures
             0  
Intangible assets:
                
Goodwill
             856,313  
Other intangible assets
             103,947  
Other assets
             117,698  
Total assets
           $ 1,957,197  
 

 
 
 


LIABILITIES
            
             
Deposits:
            
In domestic offices
           502  
Noninterest-bearing
     502          
Interest-bearing
     0          
Not applicable
                
Federal funds purchased and securities sold under agreements to repurchase:
                
Federal funds purchased
             0  
Securities sold under agreements to repurchase
             0  
Trading liabilities
             0  
Other borrowed money:  (includes mortgage indebtedness and obligations under capitalized leases)
             0  
Not applicable
                
Not applicable
                
Subordinated notes and debentures
             0  
Other liabilities
             257,630  
Total liabilities
             258,132  
Not applicable
                
                 
EQUITY CAPITAL
                
                 
Perpetual preferred stock and related surplus
             0  
Common stock
             1,000  
Surplus (exclude all surplus related to preferred stock)
             1,122,182  
Not available
                
Retained earnings
             575,618  
Accumulated other comprehensive income
             265  
Other equity capital components
             0  
Not available
                
Total bank equity capital
             1,699,065  
Noncontrolling (minority) interests in consolidated subsidiaries
             0  
Total equity capital
             1,699,065  
Total liabilities and equity capital
             1,957,197  


I, Matthew J. McNulty, CFO of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

Matthew J. McNulty          )          CFO


We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date 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.

 
Antonio I. Portuondo, President
)
  
 
William D. Lindelof, Director
)
Directors (Trustees)
 
Alphonse J. Briand, Director
)