EX-25 7 d869387dex25.htm EX-25 EX-25

Exhibit 25

 

 

 

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

organization if not a U.S. national bank)

 

(I.R.S. Employer

Identification No.)

 

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)

 

 

OWENS CORNING

(Exact name of obligor as specified in its charter)

 

 

 

Delaware   43-2109021

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

One Owens Corning Parkway

Toledo, Ohio

  43659
(Address of principal executive offices)   (Zip code)

 

 

Debt Securities and

Guarantees of Debt Securities

(Title of the indenture securities)

 

 

 


GUARANTORS

 

Exact Name of Obligor as Specified in its Charter

  

State or Other Jurisdiction of

Incorporation or Organization

  

I.R.S. Employer

Identification Number

    

Address of Principal

Executive Offices

CDC Corporation    Wisconsin    39-1830456     

One Owens Corning Parkway

Toledo, Ohio 43659

Engineered Pipe Systems, Inc.    Delaware    34-1870323     

One Owens Corning Parkway

Toledo, Ohio 43659

Eric Company    Delaware    34-1162113     

One Owens Corning Parkway

Toledo, Ohio 43659

IPM Inc.    Delaware    51-0336727     

One Owens Corning Parkway

Toledo, Ohio 43659

OC Canada Holdings General Partnership    Delaware    N/A     

One Owens Corning Parkway

Toledo, Ohio 43659

OCCV1, Inc.    Delaware    20-5580634     

One Owens Corning Parkway

Toledo, Ohio 43659

OCCV2, LLC    Delaware    20-5581329     

One Owens Corning Parkway

Toledo, Ohio 43659

Owens Corning Composite Materials, LLC    Delaware    35-2273537     

One Owens Corning Parkway

Toledo, Ohio 43659

Owens Corning Construction Services, LLC    Delaware    36-4590392     

One Owens Corning Parkway

Toledo, Ohio 43659

OCV Intellectual Capital, LLC    Delaware    83-0466000     

One Owens Corning Parkway

Toledo, Ohio 43659

Owens Corning Foam Insulation, LLC    Delaware    38-3737830     

One Owens Corning Parkway

Toledo, Ohio 43659

Owens Corning Franchising, LLC    Delaware    32-0181362     

One Owens Corning Parkway

Toledo, Ohio 43659

Owens-Corning Funding Corporation    Delaware    34-1788139     

One Owens Corning Parkway

Toledo, Ohio 43659

Owens Corning HOMExperts, Inc.    Delaware    32-0176636     

One Owens Corning Parkway

Toledo, Ohio 43659

Owens Corning HT, Inc.    Delaware    34-1830879     

One Owens Corning Parkway

Toledo, Ohio 43659

Owens Corning Insulating

Systems, LLC

   Delaware    37-1525228     

One Owens Corning Parkway

Toledo, Ohio 43659

Owens Corning Intellectual

Capital, LLC

   Delaware    83-0485853     

One Owens Corning Parkway

Toledo, Ohio 43659

Owens Corning Roofing and Asphalt, LLC    Delaware    32-0176634     

One Owens Corning Parkway

Toledo, Ohio 43659

Owens Corning Sales, LLC    Delaware    74-3189734     

One Owens Corning Parkway

Toledo, Ohio 43659

Owens Corning Science and Technology, LLC    Delaware    30-0369347     

One Owens Corning Parkway

Toledo, Ohio 43659

Owens Corning U.S. Holdings, LLC    Delaware    30-0369361     

One Owens Corning Parkway

Toledo, Ohio 43659

Soltech, Inc.    Kentucky    35-1575937     

One Owens Corning Parkway

Toledo, Ohio 43659


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 as now in effect.*
Exhibit 2.      A copy of the Comptroller of the Currency Certificate of Corporate Existence for Wells Fargo Bank, National Association, dated November 13, 2013.**
Exhibit 3.      A copy of the Comptroller of the Currency Certification of Fiduciary Powers for Wells Fargo Bank, National Association, dated November 13, 2013.**
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 25.1 to the Form S-3/A dated December 30, 2013 of Chase Issuance Trust, file number 333-192048.
** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25.1 to the Form S-3/A dated December 30, 2013 of Chase Issuance Trust, file number 333-192048.
*** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25.1 to the Form S-3/A dated December 30, 2013 of Chase Issuance Trust, file number 333-192048.


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 Chicago and State of Illinois on the 6th day of February 2015.

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

/s/ Julius R. Zamora

Julius R. Zamora
Vice President


EXHIBIT 6

February 6, 2015

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/ Julius R. Zamora

Julius R. Zamora
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 December 31, 2014, 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

      $ 18,743   

Interest-bearing balances

        222,900   

Securities:

     

Held-to-maturity securities

        55,483   

Available-for-sale securities

        226,470   

Federal funds sold and securities purchased under agreements to resell:

     

Federal funds sold in domestic offices

        1,968   

Securities purchased under agreements to resell

        23,309   

Loans and lease financing receivables:

     

Loans and leases held for sale

        14,634   

Loans and leases, net of unearned income

     821,207      

LESS: Allowance for loan and lease losses

     10,844      

Loans and leases, net of unearned income and allowance

        810,363   

Trading Assets

        46,228   

Premises and fixed assets (including capitalized leases)

        7,491   

Other real estate owned

        2,492   

Investments in unconsolidated subsidiaries and associated companies

        856   

Direct and indirect investments in real estate ventures

        1   

Intangible assets

     

Goodwill

        21,627   

Other intangible assets

        18,578   

Other assets

        61,641   
     

 

 

 

Total assets

      $ 1,532,784   
     

 

 

 

LIABILITIES

     

Deposits:

     

In domestic offices

      $ 1,062,122   

Noninterest-bearing

     322,290      

Interest-bearing

     739,832      

In foreign offices, Edge and Agreement subsidiaries, and IBFs

        151,034   

Noninterest-bearing

     928      

Interest-bearing

     150,106      

Federal funds purchased and securities sold under agreements to repurchase:

     

Federal funds purchased in domestic offices

        946   

Securities sold under agreements to repurchase

        12,563   


     Dollar Amounts
In Millions
 

Trading liabilities

     25,409   

Other borrowed money
(includes mortgage indebtedness and obligations under capitalized leases)

     83,997   

Subordinated notes and debentures

     18,701   

Other liabilities

     32,601   
  

 

 

 

Total liabilities

$ 1,387,373   

EQUITY CAPITAL

Perpetual preferred stock and related surplus

  0   

Common stock

  519   

Surplus (exclude all surplus related to preferred stock)

  106,158   

Retained earnings

  34,288   

Accumulated other comprehensive income

  4,019   

Other equity capital components

  0   
  

 

 

 

Total bank equity capital

  144,984   

Noncontrolling (minority) interests in consolidated subsidiaries

  427   
  

 

 

 

Total equity capital

  145,411   
  

 

 

 

Total liabilities, and equity capital

$ 1,532,784   
  

 

 

 

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.

 

John Stumpf Directors
James Quigley
Enrique Hernandez, Jr.