EX-25.1 7 c95979_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

 

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)

 

 

 

5.75% Senior Notes due 2028

(Title of the indenture securities)

 

Table of Additional Registrants

 

Exact Name of Additional Registrants(1)  Jurisdiction of
Incorporation
  I.R.S. Employer
Identification
Number
The AMES Companies, Inc.  Delaware  22-2335400
ATT Southern LLC  Delaware  45-3367997
Clopay Ames Holding Corp.  Delaware  74-3261127
Clopay Corporation  Delaware  11-2808682
ClosetMaid LLC  Delaware  59-1148072
CornellCookson, LLC  Delaware  23-2961006
Cornell Real Estate Holdings, LLC  Arizona  46-1210374
Telephonics Corporation  Delaware  52-0897556
       
(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 18th day of June, 2020.

 

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

EXHIBIT 6

 

June 18, 2020

 

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 March 31, 2020, 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       $ 21,745 
Interest-bearing balances       123,531 
Securities:         
Held-to-maturity securities       169,848 
Available-for-sale securities       242,111 
Equity Securities with readily determinable fair value not held for trading       122 
          
Federal funds sold and securities purchased under agreements to resell:         
Federal funds sold in domestic offices       82 
Securities purchased under agreements to resell       58,438 
Loans and lease financing receivables:         
Loans and leases held for sale       14,855 
Loans and leases, net of unearned income   968,033      
LESS: Allowance for loan and lease losses   10,893      
Loans and leases, net of unearned income and allowance       957,140 
Trading Assets       58,848 
Premises and fixed assets (including capitalized leases)       11,733 
Other real estate owned       235 
Investments in unconsolidated subsidiaries and associated companies       13,202 
Direct and indirect investments in real estate ventures       12 
Intangible assets       32,598 
Other assets       59,196 
          
Total assets        $1,763,696 
          
LIABILITIES         
Deposits:         
In domestic offices      $1,403,302 
Noninterest-bearing   452,458      
Interest-bearing   950,844      
In foreign offices, Edge and Agreement subsidiaries, and IBFs        44,243 
Noninterest-bearing   858      
Interest-bearing   43,385      
Federal funds purchased and securities sold under agreements to repurchase:          
Federal funds purchased in domestic offices        2,055 
Securities sold under agreements to repurchase        6,389 
 
   Dollar Amounts
In Millions
 
     
Trading liabilities   15,841 
Other borrowed money     
(Includes mortgage indebtedness and obligations under capitalized leases)   76,704 
Subordinated notes and debentures   12,499 
Other liabilities   32,411 
      
Total liabilities  $1,593,444 
      
EQUITY CAPITAL     
Perpetual preferred stock and related surplus   0 
Common stock   519 
Surplus (exclude all surplus related to preferred stock)   114,728 
Retained earnings   54,130 
Accumulated other comprehensive income   844 
Other equity capital components   0 
      
Total bank equity capital   170,221 
Noncontrolling (minority) interests in consolidated subsidiaries   31 
      
Total equity capital   170,252 
      
Total liabilities, and equity capital  $1,763,696 

 

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

Maria R. Morris
Theodore F. Craver, Jr.
Juan A. Pujadas