EX-25.1 13 d570935dex251.htm EX-25.1 EX-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)

 

 

U.S. BANK NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

 

 

 

31-0841368
I.R.S. Employer Identification No.

 

800 Nicollet Mall

Minneapolis, Minnesota

  55402
(Address of principal executive offices)   (Zip Code)

George J. Rayzis

U.S. Bank National Association

50 S. 16th Street, Suite 2000

Philadelphia, PA 19102

(215) 761-9317

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

 

 

YRC Worldwide Inc.

(Issuer with respect to the Securities)

 

 

 

Delaware   48-0948788

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

10990 Roe Avenue

Overland Park, Kansas

  66211
(Address of Principal Executive Offices)   (Zip Code)

 

 

See table for Additional Co-Registrant Guarantors


TABLE OF ADDITIONAL REGISTRANTS

 

Exact Name of Co-Registrant as

Specified in its Charter

   State or Other Jurisdiction of
Incorporation or Organization
   I.R.S. Employer
Identification No.
 

YRC Inc.

   Delaware      34-0492670   

Roadway LLC

   Delaware      20-0453812   

Roadway Next Day Corporation

   Pennsylvania      23-2200465   

YRC Enterprise Services, Inc.

   Delaware      20-0780375   

YRC Regional Transportation, Inc.

   Delaware      36-3790696   

USF Holland Inc.

   Michigan      38-0655940   

USF Reddaway Inc.

   Oregon      93-0262830   

USF Glen Moore Inc.

   Pennsylvania      23-2443760   

YRC Logistics Services, Inc.

   Illinois      36-3783345   

YRC Association Solutions, Inc.

   Delaware      20-3720424   

Express Lane Service, Inc.

   Delaware      20-1557186   

YRC International Investments, Inc.

   Delaware      20-0890711   

USF RedStar LLC

   Delaware      N/A   

USF Dugan Inc.

   Kansas      48-0760565   

YRC Mortgages, LLC

   Delaware      20-1619478   

New Penn Motor Express, Inc.

   Pennsylvania      23-2209533   

Roadway Express International, Inc.

   Delaware      34-1504752   

Roadway Reverse Logistics, Inc.

   Ohio      34-1738381   

USF Bestway Inc.

   Arizona      86-0104184   

The address, including zip code and telephone number, including area code, of each additional registrant’s principal executive offices is c/o YRC Worldwide Inc., 10990 Roe Avenue, Overland Park, Kansas 66211, (913) 696-6100, except the address, including zip code and telephone number, including area code for the principal executive offices of (i) New Penn Motor Express, Inc. is 625 South Fifth Ave., Lebanon, PA 17042, (800) 285-5000, (ii) USF Glen Moore Inc. is 1711 Shearer Drive, Carlisle, PA 17013-9970, (717) 245-0788, (iii) USF Holland Inc. is 750 East 40 St., Holland, MI 49423, (616) 395-5000 and (iv) USF Reddaway Inc. is 16277 SE 130 Ave., Clackamas, OR 97015, (503) 650-1286. The name, address, including zip code, of the agent for service for each of the additional registrants is Michelle A. Russell, Executive Vice President, General Counsel and Secretary, YRC Worldwide Inc., 10990 Roe Avenue, Overland Park, KS 66211.

 

 

Senior Debt Securities

and Guarantees of Senior Debt Securities

(Title of the Indenture Securities)

 

 

 


FORM T-1

 

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

Washington, D.C.

 

  b) Whether it is authorized to exercise corporate trust powers.

Yes

 

Item 2. AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.

None

 

Items 3-15 Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

 

Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

 

  1. A copy of the Articles of Association of the Trustee.*

 

  2. A copy of the certificate of authority of the Trustee to commence business, attached as Exhibit 2.

 

  3. A copy of the certificate of authority of the Trustee to exercise corporate trust powers, attached as Exhibit 3.

 

  4. A copy of the existing bylaws of the Trustee.**

 

  5. A copy of each Indenture referred to in Item 4. Not applicable.

 

  6. The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

 

  7. Report of Condition of the Trustee as of March 31, 2013 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

 

* Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.
** Incorporated by reference to Exhibit 25.1 to registration statement on S-4, Registration Number 333-166527 filed on May 5, 2010.

 

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SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. 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 and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Philadelphia, State of Pennsylvania on the 22nd of July, 2013.

 

By:

  /s/ George J. Rayzis
  George J. Rayzis
  Vice President

 

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Exhibit 2

 

LOGO

Comptroller of the Currency

Administrator of National Banks

Washington, DC 20219

CERTIFICATE OF CORPORATE EXISTENCE

I, Thomas J. Curry, Comptroller of the Currency, do hereby certify that:

1. The Comptroller of the Currency, pursuant to Revised Statutes 324, et seq, as amended, and 12 USC 1, et seq, as amended, has possession, custody, and control of all records pertaining to the chartering, regulation, and supervision of all national banking associations.

2. “U.S. Bank National Association,” Cincinnati, Ohio (Charter No. 24), is a national banking association formed under the laws of the United States and is authorized thereunder to transact the business of banking on the date of this certificate.

 

LOGO     IN TESTIMONY WHEREOF, today, February 27, 2013, I have hereunto subscribed my name and caused my seal of office to be affixed to these presents at the U.S. Department of the Treasury, in the City of Washington, District of Columbia.
      LOGO
      Comptroller of the Currency
     

 

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Exhibit 3

 

LOGO

Comptroller of the Currency

Administrator of National Banks

Washington, DC 20219

CERTIFICATION OF FIDUCIARY POWERS

I, Thomas J. Curry, Comptroller of the Currency, do hereby certify that:

1. The Office of the Comptroller of the Currency, pursuant to Revised Statutes 324, et seq, as amended, and 12 USC 1, et seq, as amended, has possession, custody, and control of all records pertaining to the chartering, regulation, and supervision of all national banking associations.

2. “U.S. Bank National Association,” Cincinnati, Ohio (Charter No. 24), was granted, under the hand and seal of the Comptroller, the right to act in all fiduciary capacities authorized under the provisions of the Act of Congress approved September 28, 1962, 76 Stat. 668, 12 USC 92a, and that the authority so granted remains in full force and effect on the date of this certificate.

 

LOGO

    IN TESTIMONY WHEREOF, today, February 27, 2013, I have hereunto subscribed my name and caused my seal of office to be affixed to these presents at the U.S. Department of the Treasury, in the City of Washington, District of Columbia.
      LOGO
      Comptroller of the Currency
     

 

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Exhibit 6

CONSENT

In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

Dated: July 22, 2013

 

By:

  /s/ George J. Rayzis
  George J. Rayzis
  Vice President

 

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Exhibit 7

U.S. Bank National Association

Statement of Financial Condition

As of 3/31/2013

($000’s)

 

     3/31/2013  

Assets

  

Cash and Balances Due From Depository Institutions

   $ 6,932,431   

Securities

     74,769,168   

Federal Funds

     45,892   

Loans & Lease Financing Receivables

     218,577,592   

Fixed Assets

     5,068,178   

Intangible Assets

     12,739,644   

Other Assets

     27,654,064   
  

 

 

 

Total Assets

   $ 345,786,969   

Liabilities

  

Deposits

   $ 251,849,922   

Fed Funds

     3,545,914   

Treasury Demand Notes

     0   

Trading Liabilities

     512,718   

Other Borrowed Money

     32,387,140   

Acceptances

     0   

Subordinated Notes and Debentures

     4,736,320   

Other Liabilities

     12,747,015   
  

 

 

 

Total Liabilities

   $ 305,779,029   

Equity

  

Common and Preferred Stock

     18,200   

Surplus

     14,133,290   

Undivided Profits

     24,357,498   

Minority Interest in Subsidiaries

   $ 1,498,952   
  

 

 

 

Total Equity Capital

   $ 40,007,940   

Total Liabilities and Equity Capital

   $ 345,786,969   

 

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