EX-25.1 16 c89902_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

 

 

 

o 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

 

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

 

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)

 

Table of Additional Registrants

 

Exact Name of Additional Registrants (1)   Jurisdiction of
Incorporation
  Primary
Standard
Industrial
Classification
Code Number
  I.R.S. Employer
Identification
Number
The AMES Companies, Inc.   Delaware   3442   22-2335400
ATT Southern, Inc.   Delaware   3442   45-3367997
Clopay Ames True Temper Holding Corp.   Delaware   3442   74-3261127
Clopay Building Products Company, Inc.   Delaware   3442   11-2808682
Clopay Plastic Products Company, Inc.   Delaware   3442   11-2808683
Telephonics Corporation   Delaware   3442   52-0897556
ClosetMaid LLC   Delaware   3442   59-1148072

 

(1) 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, telephone (212) 957-5000.

 

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 January 14, 2015.*
     
  Exhibit 3. A copy of the Comptroller of the Currency Certification of Fiduciary Powers for Wells Fargo Bank, National Association, dated January 6, 2014.*
     
  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 to the Filing 305B2 dated March 13, 2015 of file number 333-190926.

 

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 Jacksonville and State of Florida on the 11th day of December, 2017.

 

 

  WELLS FARGO BANK, NATIONAL ASSOCIATION
     
  /s/ Tina D. Gonzalez  
  Tina D. Gonzalez  
  Vice President  

 

EXHIBIT 6

 

December 11, 2017

 

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/ Tina D. Gonzalez  
  Tina D. Gonzalez  
  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 September 30, 2017, 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     $  18,593  
Interest-bearing balances       205,447  
Securities:           
Held-to-maturity securities       142,316  
Available-for-sale securities       254,889  
Federal funds sold and securities purchased under agreements to resell:           
Federal funds sold in domestic offices       118  
Securities purchased under agreements to resell       30,628  
Loans and lease financing receivables:           
Loans and leases held for sale       7,834  
Loans and leases, net of unearned income   924,987       
LESS: Allowance for loan and lease losses   10,292       
Loans and leases, net of unearned income and allowance       914,695  
Trading Assets       45,303  
Premises and fixed assets (including capitalized leases)       7,810  
Other real estate owned       691  
Investments in unconsolidated subsidiaries and associated companies       11,686  
Direct and indirect investments in real estate ventures       339  
Intangible assets           
Goodwill       22,481  
Other intangible assets       16,825  
Other assets       58,325  
            
Total assets     $  1,737,980  
            
LIABILITIES           
Deposits:           
In domestic offices     $  1,242,149  
Noninterest-bearing   425,384       
Interest-bearing   816,765       
In foreign offices, Edge and Agreement subsidiaries, and IBFs       118,326  
Noninterest-bearing   929       
Interest-bearing   117,397       
Federal funds purchased and securities sold under agreements to repurchase:           
Federal funds purchased in domestic offices       12,165  
Securities sold under agreements to repurchase       6,652  
 
   Dollar Amounts
In Millions
 
      
Trading liabilities   10,606 
Other borrowed money
(includes mortgage indebtedness and obligations under capitalized leases)
   131,262 
Subordinated notes and debentures   12,971 
Other liabilities   40,287 
      
Total liabilities  $1,574,418 
      
EQUITY CAPITAL     
Perpetual preferred stock and related surplus   0 
Common stock   519 
Surplus (exclude all surplus related to preferred stock)   111,189 
Retained earnings   51,446 
Accumulated other comprehensive income   20 
Other equity capital components   0 
      
Total bank equity capital   163,174 
Noncontrolling (minority) interests in consolidated subsidiaries   388 
      
Total equity capital   163,562 
      
Total liabilities, and equity capital  $1,737,980 

 

I, John R. Shrewsberry, Sr. 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.

 

John R. Shrewsberry

Sr. 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.

 

Directors

Enrique Hernandez, Jr

Federico F. Pena

James Quigley