EX-25.1 7 dex251.htm STATEMENT OF ELIGIBILITY OF THE TRUSTEE ON FORM T-1 Statement of Eligibility of the Trustee on Form T-1

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)

 

 

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)

Rick Barnes

U.S. Bank National Association

21 South Street, 3rd Floor

Morristown, New Jersey 07960

(973) 898-7161

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

Savient Pharmaceuticals, Inc.

(Issuer with respect to the Securities)

 

 

 

Delaware   13-3033811

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

One Tower Center, 14th Floor

East Brunswick, New Jersey

  08816
(Address of Principal Executive Offices)   (Zip Code)

Convertible Senior Notes Due 2018

(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.**

 

  3. A copy of the certificate of authority of the Trustee to exercise corporate trust powers.**

 

  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 September 30, 2010 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 Town of Morristown, State of New Jersey on the 28th of January, 2011.

 

By:  

/s/ Rick Barnes

  Rick Barnes
  Vice President

 

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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: January 28th, 2011

 

By:  

/s/ Rick Barnes

  Rick Barnes
  Vice President

 

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Exhibit 7

U.S. Bank National Association

statement of financial condition

as of 9/30/2010

($000’s)

 

      9/30/2010  

Assets

  

Cash and Balances Due From

   $ 4,468,855   

Depository Institutions

  

Securities

     47,348,124   

Federal Funds

     4,391,378   

Loans & Lease Financing Receivables

     189,026,648   

Fixed Assets

     5,734,308   

Intangible Assets

     12,792,037   

Other Assets

     22,001,025   
        

Total Assets

   $ 285,762,375   

Liabilities

  

Deposits

   $ 196,374,224   

Fed Funds

     10,707,062   

Treasury Demand Notes

     0   

Trading Liabilities

     476,735   

Other Borrowed Money

     33,801,510   

Acceptances

     0   

Subordinated Notes and Debentures

     7,760,721   

Other Liabilities

     7,649,489   
        

Total Liabilities

   $ 256,769,741   

Equity

  

Minority Interest in Subsidiaries

   $ 1,725,386   

Common and Preferred Stock

     18,200   

Surplus

     12,636,872   

Undivided Profits

     14,612,176   
        

Total Equity Capital

   $ 28,992,634   

Total Liabilities and Equity Capital

   $ 285,762,375   

 

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