EX-25.1 37 d554134dex251.htm EX-25.1 EX-25.1

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)

 

 

DEUTSCHE BANK TRUST COMPANY AMERICAS

(formerly BANKERS TRUST COMPANY)

(Exact name of trustee as specified in its charter)

 

 

 

NEW YORK   13-4941247

(Jurisdiction of Incorporation or

organization if not a U.S. national bank)

 

(I.R.S. Employer

Identification no.)

60 WALL STREET

NEW YORK, NEW YORK

  10005
(Address of principal executive offices)   (Zip Code)

Deutsche Bank Trust Company Americas

Attention: Lynne Malina

Legal Department

60 Wall Street, 37th Floor

New York, New York 10005

(212) 250 – 0677

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

 

 

SEITEL, INC.

(Exact name of Registrant as specified in its charter)

 

 

 

Delaware   1382   76-0025431

(State or Other Jurisdiction of

Incorporation or Organization)

 

(Primary Standard Industrial

Classification Code Number)

 

(I.R.S. Employer

Identification No.)

10811 S. Westview Circle Drive

Building C, Suite 100

Houston, TX 77043

(713) 881-8900

(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal Executive Offices)

 

 

Marcia H. Kendrick

Chief Financial Officer, Executive

Vice President, Assistant Secretary and Treasurer

Seitel, Inc.

10811 S. Westview Circle Drive

Building C, Suite 100

Houston, TX 77043

(713) 881-8900

(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service)

 

 

With a copy to:

Joshua A. Tinkelman, Esq.

Latham & Watkins LLP

885 Third Avenue

New York, New York 10022

(212) 906-1200

 

 

Debt Securities

(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.

 

  Name    Address
 

Federal Reserve Bank (2nd District)

Federal Deposit Insurance Corporation

New York State Banking Department

  

New York, NY

Washington, D.C.

Albany, NY

 

  (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.

 

Item 3. -15. Not Applicable

 

Item 16. List of Exhibits.

 

  Exhibit 1 -    Restated Organization Certificate of Bankers Trust Company dated August 6, 1998, Certificate of Amendment of the Organization Certificate of Bankers Trust Company dated September 25, 1998, Certificate of Amendment of the Organization Certificate of Bankers Trust Company dated December 16, 1998, and Certificate of Amendment of the Organization Certificate of Bankers Trust Company dated February 27, 2002 - Incorporated herein by reference to Exhibit 1 filed with
Form T-1 Statement, Registration No. 333-157637-01.


  Exhibit 2 -    Certificate of Authority to commence business - Incorporated herein by reference to Exhibit 2 filed with Form T-1 Statement, Registration No. 333-157637-01.
  Exhibit 3 -    Authorization of the Trustee to exercise corporate trust powers - Incorporated herein by reference to Exhibit 3 filed with Form T-1 Statement, Registration No. 333-157637-01.
  Exhibit 4 -    Existing By-Laws of Deutsche Bank Trust Company Americas, as amended on April 15, 2002 business - Incorporated herein by reference to Exhibit 4 filed with Form T-1 Statement, Registration No. 333-157637-01.


  Exhibit 5 -    Not applicable.
  Exhibit 6 -    Consent of Bankers Trust Company required by Section 321(b) of the Act. - business - Incorporated herein by reference to Exhibit 6 filed with Form T-1 Statement, Registration No. 333-157637-01.
  Exhibit 7 -    The latest report of condition of Deutsche Bank Trust Company Americas dated as of March 31, 2013. Copy attached.
  Exhibit 8 -    Not Applicable.
  Exhibit 9 -    Not Applicable.


SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Deutsche Bank Trust Company Americas, a corporation organized and existing under the laws of the State of New York, 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 this 13th day of June, 2013.

 

DEUTSCHE BANK TRUST COMPANY AMERICAS
By:  

/s/ Carol Ng

  Name: Carol Ng
  Title: Vice President


DEUTSCHE BANK TRUST COMPANY AMERICAS   
Legal Title of Bank   
NEW YORK   
City   
NY                                 10005   
State                             Zip Code   
FDIC Certificate Number: 00623   

Consolidated Report of Condition for Insured Banks and Savings Associations for March 31, 2013

All schedules are to be reported in thousands of dollars. Unless otherwise indicated, report the amount outstanding as of the last business day of the quarter.

Schedule RC—Balance Sheet

 

      Dollar Amounts in
Thousands
     RCFD      Tril| Bil| Mil| Thou       

Assets

              

  1. Cash and balances due from depository institutions
    (from Schedule RC-A):

              

a. Noninterest-bearing balances and currency and coin (1)

           0081         117,000       1.a

b. Interest-bearing balances (2)

           0071         14,872,000      

  2. Securities:

              

a. Held-to-maturity securities (from Schedule RC-B, column A)

           1754         0       2.a

b. Available-for-sale securities (from Schedule RC-B, column D)

           1773         38,000       2.b

  3. Federal funds sold and securities purchased under agreements to resell:

           RCON         

a. Federal funds sold in domestic offices

           B987         114,000       3.a
           RCFD         

b. Securities purchased under agreements to resell (3)

           B989         12,106,000       3.b

  4. Loans and lease financing receivables (from Schedule RC-C):

              

a. Loans and leases held for sale

           5369         0       4.a

b. Loans and leases, net of unearned income

     B528         22,920,000             4.b

c. LESS: Allowance for loan and lease losses

     3123         59,000             4.c

d. Loans and leases, net of unearned income and allowance (item 4.b minus 4.c)

           B529         22,861,000       4.d

  5. Trading assets (from Schedule RC-D

           3545         3,591,000       5

  6. Premises and fixed assets (including capitalized leases)

           2145         57,000       6

  7. Other real estate owned (from Schedule RC-M)

           2150         3,000       7

  8. Investments in unconsolidated Subsidiaries and associated companies

           2130         0       8

  9. Direct and indirect investments in real estate ventures

           3656         0       9

10. Intangible assets:

              

a. Goodwill

           3163         0       10.a

b. Other intangible assets (from Schedule RC-M)

           0426         0       10.b

11. Other assets (from Schedule RC-F)

           2160         5,449,000       11

12. Total assets (sum of items 1 through 11)

           2170         59,259,000       12

 

(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
(3) Includes all securities resale agreements in domestic and foreign offices, regardless of maturity.


DEUTSCHE BANK TRUST COMPANY AMERICAS

    

Legal Title of Bank

    

FDIC Certificate Number: 00623

    

Schedule RC—Continued

 

      Dollar Amounts in
Thousands
            Tril| Bil| Mil| Thou         

Liabilities

              

13. Deposits:

           RCON         

a. In domestic offices (sum of totals of columns A and C from Schedule RC-E, part I)

           2200         26,319,000         13.a   

(1) Noninterest-bearing (1)

     6631         19,022,000               13.a.1   

(2) Interest-bearing

     6636         7,297,000               13.a.2   

b. In foreign offices, Edge and Agreement subsidiaries, and IBFs

           RCFN         

(from Schedule RC-E, part II)

           2200         12,242,000         13.b   

(1) Noninterest-bearing

     6631         8,538,000               13.b.1   

(2) Interest-bearing

     6636         3,704,000               13.b.2   

14. Federal funds purchased and securities sold under agreements to repurchase:

           RCON         

a. Federal funds purchased in domestic offices (2)

           B993         8,306,000         14.a   
           RCFD         

b. Securities sold under agreements to repurchase (3)

           B995         0         14.b   

15. Trading liabilities (from Schedule RC-D)

           3548         118,000         15   

16. Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases) (from Schedule RC-M)

           3190         1,268,000         16   

17. and 18. Not applicable

              

19. Subordinated notes and debentures (4)

           3200         0         19   

20. Other liabilities (from Schedule RC-G)

           2930         2,011,000         20   

21. Total liabilities (sum of items 13 through 20)

           2948         50,264,000         21   

22. Not applicable

              

 

(1) Includes noninterest-bearing demand, time, and saving deposits.
(2) Report overnight Federal Home Loan Bank advances in Schedule RC, item 16, “Other borrowed money.”
(3) Includes all securities repurchase agreements in domestic and foreign offices, regardless of maturity.
(4) Includes limited-life preferred stock and related surplus.


DEUTSCHE BANK TRUST COMPANY AMERICAS   

Legal Title of Bank

  

FDIC Certificate Numbers: 00623

  

Equity Capital

Bank Equity Capital

 

     RCFD      Tril| Bil| Mil| Thou       
23. Perpetual preferred stock and related surplus      3838         0       23
24. Common stock      3230         2,127,000       24
25. Surplus (excludes all surplus related to preferred stock)      3839         594,000       25
26. a. Retained earnings      3632         6,005,000       26.a
      b. Accumulated other comprehensive income (5)      B530         34,000       26.b
      c. Other equity capital components (6)      A130         0       26.c
27. a. Total bank equity capital (sum of items 23 through 26.c)      3210         8,760,000       27.a
      b. Noncontrolling (minority) interests in consolidated subsidiaries      3000         235,000       27.b
28. Total equity capital (sum of items 27.a and 27.b)      G105         8,995,000       28
29. Total liabilities and equity capital (sum of items 21 and 28)      3300         59,259,000       29

Memoranda

To be reported with the March Report of Condition.

 

    

RCFD

   Number       

1. Indicate in the box at the right the number of the statement below that best describes the most comprehensive level of auditing work performed for the bank by independent external auditors as of any date during 2012

  6724      1       M.1

 

1 =   Independent audit of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the bank

 

2 =   Independent audit of the bank’s parent holding company conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the consolidated holding company (but not on the bank separately)

 

3 =   Attestation on bank management’s assertion on the effectiveness of the bank’s internal control over financial reporting by a certified public accounting firm.
4 =   Directors’ examination of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm (may be required by state chartering authority)

 

5 =   Directors’ examination of the bank performed by other external auditors (may by required by state chartering authority)

 

6 =   Review of the bank’s financial statements by external auditors

 

7 =   Complation of the bank’s financial statements by external auditors

 

8 =   Other audit procedures (excluding tax preparation work)

 

9 =   No external audit work
 

 

To be reported with the March Report of Condition.

 

     

RCON

   MM /DD       

2. Bank’s fiscal year-end date

   8678      12/31       M.2

 

 

(5) Includes, but is not limited to, net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, cumulative foreign currency translation adjustments, and accumulated defined benefit pension and other post retirement plan adjustments.
(6) Includes treasury stock and unearned Employee Stock Ownership Plan shares.