EX-25.1 8 a2203678zex-25_1.htm 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

 

 

o 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)

 

 

PENTAIR, INC.

(Exact name of obligor as specified in its charter)

 

Minnesota

 

41-0907434

(State or other jurisdiction of

 

(I.R.S. Employer

incorporation or organization)

 

Identification No.)

 

TABLE OF SUBSIDIARY GUARANTOR REGISTRANTS

 

Name, Address and Telephone Number (1)

 

State or Other
Jurisdiction of
Incorporation

 

I.R.S. Employer
Identification
Number

 

 

 

 

 

FilterSoft, LLC

 

TX

 

26-2428805

 

 

 

 

 

Fleck Controls, Inc.

 

WI

 

39-0810338

 

 

 

 

 

Hoffman Enclosures (Mex), LLC

 

MN

 

52-2074818

 

 

 

 

 

Hoffman Enclosures, Inc.

 

MN

 

41-1886273

 

 

 

 

 

Moraine Properties, LLC

 

OH

 

80-0092098

 

 

 

 

 

Nanosoft Holdings, Inc.

 

DE

 

27-1855704

 

 

 

 

 

Pentair Filtration Solutions, LLC

 

DE

 

20-2154041

 

 

 

 

 

Pentair Nanosoft US Holdings, LLC

 

DE

 

38-3785912

 

 

 

 

 

Pentair Pump Group, Inc.

 

DE

 

41-1881858

 

 

 

 

 

Pentair Technical Products, Inc.

 

RI

 

05-0394102

 

 

 

 

 

Pentair Technical Products Holdings, Inc.

 

DE

 

20-3634492

 

 

 

 

 

Pentair Technical Products Service Co.

 

DE

 

27-1330912

 

 

 

 

 

Pentair Water, LLC

 

MN

 

27-0182136

 

 

 

 

 

Pentair Water Group, Inc.

 

DE

 

39-1346701

 

 

 

 

 

Pentair Water Pool and Spa, Inc.

 

DE

 

95-2744829

 

 

 

 

 

Pentair Water Treatment (OH) Company

 

OH

 

34-0777631

 

 

 

 

 

Pentair Water Treatment Company

 

MN

 

27-1854804

 

 

 

 

 

Plymouth Products, Inc.

 

DE

 

13-4923320

 

 

 

 

 

Porous Media Corporation

 

MN

 

41-1504090

 

 

 

 

 

Seneca Enterprises Co.

 

DE

 

20-2863171

 

 

 

 

 

Sta-Rite Industries, LLC

 

WI

 

86-1096608

 

5500 Wayzata Boulevard, Suite 800

 

 

Golden Valley, Minnesota

 

55416-1259

(Address of principal executive offices)

 

(Zip code)

 

 

Senior 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.

 

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 the 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 and Fiduciary Powers for Wells Fargo Bank, National Association, dated February 4, 2004.**

 

Exhibit 3.                See Exhibit 2

 

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 to the Form S-4 dated December 30, 2005 of file number 333-130784-06.

 

**   Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of file number 022-28721.

 

*** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated May 26, 2005 of file number 333-125274.

 


 

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 Minneapolis and State of Minnesota on the 18th day of April, 2011.

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

 

 

/s/ Richard Prokosch

 

Richard Prokosch

 

Vice President

 


 

EXHIBIT 6

 

April 18, 2011

 

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/ Richard Prokosch

 

Richard Prokosch

 

Vice President

 


 

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, 2010, 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

 

 

 

$

17,518

 

Interest-bearing balances

 

 

 

57,228

 

Securities:

 

 

 

 

 

Held-to-maturity securities

 

 

 

0

 

Available-for-sale securities

 

 

 

150,439

 

Federal funds sold and securities purchased under agreements to resell:

 

 

 

 

 

Federal funds sold in domestic offices

 

 

 

1,656

 

Securities purchased under agreements to resell

 

 

 

16,821

 

Loans and lease financing receivables:

 

 

 

 

 

Loans and leases held for sale

 

 

 

38,095

 

Loans and leases, net of unearned income

 

691,483

 

 

 

LESS: Allowance for loan and lease losses

 

19,637

 

 

 

Loans and leases, net of unearned income and allowance

 

 

 

671,846

 

Trading Assets

 

 

 

30,824

 

Premises and fixed assets (including capitalized leases)

 

 

 

8,129

 

Other real estate owned

 

 

 

5,713

 

Investments in unconsolidated subsidiaries and associated companies

 

 

 

659

 

Direct and indirect investments in real estate ventures

 

 

 

111

 

Intangible assets

 

 

 

 

 

Goodwill

 

 

 

20,931

 

Other intangible assets

 

 

 

26,452

 

Other assets

 

 

 

55,856

 

 

 

 

 

 

 

Total assets

 

 

 

$

1,102,278

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

Deposits:

 

 

 

 

 

In domestic offices

 

 

 

$

747,742

 

Noninterest-bearing

 

165,559

 

 

 

Interest-bearing

 

582,183

 

 

 

In foreign offices, Edge and Agreement subsidiaries, and IBFs

 

 

 

99,235

 

Noninterest-bearing

 

2,029

 

 

 

Interest-bearing

 

97,206

 

 

 

Federal funds purchased and securities sold under agreements to repurchase:

 

 

 

 

 

Federal funds purchased in domestic offices

 

 

 

2,930

 

Securities sold under agreements to repurchase

 

 

 

16,102

 

 


 

 

 

Dollar Amounts

 

 

 

In Millions

 

 

 

 

 

Trading liabilities

 

15,647

 

Other borrowed money

 

 

 

(includes mortgage indebtedness and obligations under capitalized leases)

 

40,254

 

Subordinated notes and debentures

 

19,252

 

Other liabilities

 

37,554

 

 

 

 

 

Total liabilities

 

$

978,716

 

 

 

 

 

EQUITY CAPITAL

 

 

 

Perpetual preferred stock and related surplus

 

0

 

Common stock

 

519

 

Surplus (exclude all surplus related to preferred stock)

 

98,971

 

Retained earnings

 

17,489

 

Accumulated other comprehensive income

 

5,280

 

Other equity capital components

 

0

 

 

 

 

 

Total bank equity capital

 

122,259

 

Noncontrolling (minority) interests in consolidated subsidiaries

 

1,303

 

 

 

 

 

Total equity capital

 

123,562

 

 

 

 

 

Total liabilities, and equity capital

 

$

1,102,278

 

 

I, Howard I. Atkins, 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.

 

 

Howard I. Atkins

 

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

Dave Hoyt

 

Michael Loughlin