EX-25.1 13 c77384_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)

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

A National Banking Association 94-1347393
(Jurisdiction of incorporation or (I.R.S. Employer
organization if not a U.S. national Identification No.)
bank)  

 

101 North Phillips Avenue  
Sioux Falls, South Dakota 57104
(Address of principal executive offices) (Zip code)

 

Wells Fargo & Company
Law Department, Trust Section

MAC N9305-175

Sixth Street and Marquette Avenue, 17th Floor

Minneapolis, Minnesota 55479

(612) 667-4608

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

 

Griffon Corporation
(Exact name of obligor as specified in its charter)

 

See Table of Additional Registrants Below

 

Delaware 11-1893410
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)

 

Table of Additional Registrants

 

        I.R.S. Employer
  Jurisdiction of   Identification
Exact Name of Additional Registrants   Incorporation   Number
         
The Ames Companies, Inc.   Delaware   22-2335400
ATT Southern, Inc.   Delaware   45-3367997
Clopay Ames True Temper Holding Corp.   Delaware   74-3261127
 
Clopay Building Products Company, Inc.   Delaware   11-2808682
Clopay Plastic Products Company, Inc.   Delaware   11-2808683
Telephonics Corporation   Delaware   52-0897556

 

The address for service of each of the additional registrants is c/o Griffon Corporation, 712 Fifth Avenue, 18th Floor, New York, New York 10019.

 

         
712 Fifth Avenue, 18th Floor        
 New York, New York       10019
(Address of principal executive offices)       (Zip code)

 

5.25% Senior Notes due 2022

(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.

 

Federal Reserve Bank of San Francisco
San Francisco, California 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.

 

  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 June 27, 2012.**
     
  Exhibit 3. A copy of the Comptroller of the Currency Certification of Fiduciary Powers for Wells Fargo Bank, National Association, dated December 21, 2011.**
     
  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. 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 the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated December 30, 2005 of file number 333-130784.

 

** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-3 dated January 23, 2013 of file number 333-186155.

 

*** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated May 26, 2005 of file number 333-125274.

 

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 New York and State of New York on the 16th day of April, 2014.

 

  WELLS FARGO BANK, NATIONAL ASSOCIATION
     
  /s/ Martin G. Reed  
  Martin G. Reed  
  Vice President  
 

EXHIBIT 6

 

April 16, 2014

 

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, NATIONAL ASSOCIATION
     
  /s/ Martin G. Reed  
  Martin G. Reed  
  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 December 31, 2013, 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       $19,641 
Interest-bearing balances        187,583 
Securities:          
Held-to-maturity securities        12,346 
Available-for-sale securities        215,837 
Federal funds sold and securities purchased under agreements to resell:          
Federal funds sold in domestic offices        51 
Securities purchased under agreements to resell        18,962 
Loans and lease financing receivables:          
Loans and leases held for sale        10,277 
Loans and leases, net of unearned income   778,519      
LESS: Allowance for loan and lease losses   12,421      
Loans and leases, net of unearned income and allowance        766,098 
Trading Assets        32,465 
Premises and fixed assets (including capitalized leases)        7,582 
Other real estate owned        3,838 
Investments in unconsolidated subsidiaries and associated companies        662 
Direct and indirect investments in real estate ventures        7 
Intangible assets          
Goodwill        21,549 
Other intangible assets        22,464 
Other assets        54,238 
           
Total assets       $1,373,600 
           
LIABILITIES          
Deposits:          
In domestic offices       $1,000,959 
Noninterest-bearing   272,069      
Interest-bearing   728,890      
In foreign offices, Edge and Agreement subsidiaries, and IBFs        94,619 
Noninterest-bearing   633      
Interest-bearing   93,986      
Federal funds purchased and securities sold under agreements to repurchase:          
Federal funds purchased in domestic offices        9,042 
Securities sold under agreements to repurchase        13,930 

 
   Dollar Amounts 
   In Millions 
     
Trading liabilities   13,662 
Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)   55,913 
Subordinated notes and debentures   19,642 
Other liabilities   27,989 
      
Total liabilities  $1,235,756 
      
EQUITY CAPITAL     
Perpetual preferred stock and related surplus   0 
Common stock   519 
Surplus (exclude all surplus related to preferred stock)   103,010 
Retained earnings   32,028 
Accumulated other comprehensive income   2,080 
Other equity capital components   0 
      
Total bank equity capital   137,637 
Noncontrolling (minority) interests in consolidated subsidiaries   207 
      
Total equity capital   137,844 
      
Total liabilities, and equity capital  $1,373,600 

 

I, Timothy J. Sloan, 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.

 

  Timothy J. Sloan
  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.

 

John Stumpf Directors
David Hoyt  
Avid Modjtabai