EX-25.1 6 d713431dex251.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)

 

 

Signet UK Finance plc*

*And the Guarantor Registrants Listed in the Table Below

(Exact name of obligor as specified in its charter)

 

 

 

England and Wales   N/A

(State or other jurisdiction of

incorporation or organization)

  

(IRS Employer

Identification No.)

110 Cannon Street

London, United Kingdom

   EC4N 6EU
(Address of principal executive offices)   (Zip Code)

 

 

Debt Securities

Guarantees of Debt Securities

(Title of the Indenture securities)

 

 

 

Table of Guarantor Registrants

 

Exact Name of Registrant as Specified in Its Charter

    State or Other
Jurisdiction of
Incorporation or
Organization		    I.R.S. Employer
Identification Number

Signet Jewelers Limited(1)

    Bermuda    98-1028854

Signet Group Limited(2)

    England & Wales    98-0620428

Signet US Finance Limited(2)

    England & Wales    98-0417299

Signet Trading Limited(2)

    England & Wales    98-1045614

H. Samuel Limited(2)

    England & Wales    N/A

Ernest Jones Limited(2)

    England & Wales    N/A

Leslie Davis Limited(2)

    England & Wales    N/A

Checkbury Limited(2)

    England & Wales    N/A

Signet US Holdings, Inc.(3)

    Delaware    34-1574154

Signet U.S. Services Inc.(3)

    Delaware    46-0565707

Signet Group Treasury Services Inc.(3)

    Delaware    45-1289801

Sterling Jewelers Inc.(3)

    Delaware    52-0964503

Ultra Stores, Inc.(3)

    Delaware    04-3711449

Sterling Ecomm LLC(3)

    Delaware    20-5455376

Sterling Jewelers LLC(3)

    Delaware    35-2036210

Scamp & Scoundrel LLC(3)

    Delaware    45-5185594

Signet Group Services US Inc.(3)

    Delaware    27-3967537

Sterling Inc.(3)

    Ohio    34-0630873

 

(1) The address and telephone number for such Guarantor Registrant is Clarendon House, 2 Church Street, Hamilton HM11, Bermuda, (441) 296 5872.
(2) The address and telephone number for each such Guarantor Registrant is 110 Cannon Street, London EC4N 6EU, United Kingdom, +44 20 7648 5200.
(3) The address and telephone number for each such Guarantor Registrant is 375 Ghent Road, Akron, Ohio 44333, (330) 668-5000.

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)

    New York, NY

Federal Deposit Insurance Corporation

    Washington, D.C.

New York State Banking Department

    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 December 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 12th day of May, 2014.

 

DEUTSCHE BANK NATIONAL TRUST COMPANY FOR
DEUTSCHE BANK TRUST COMPANY AMERICAS
  By:  

/s/ Michele H.Y.Voon

  Name:   Michele H.Y.Voon
  Title:   Vice President

DEUTSCHE BANK TRUST COMPANY AMERICAS            

       FFIEC 031
Legal Title of Bank       Page 16 of 74

NEW YORK                                                                                  

       RC-1
City        
NY   10005      
State   Zip Code      

FDIC Certificate Number: 00623

Consolidated Report of Condition for Insured Banks

and Savings Associations for December 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      134,000       1.a

  b. Interest-bearing balances (2)                            

  

   0071      18,845,000       1.b

  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      14,000       2.b

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

  

   RCON            

  a. Federal funds sold in domestic offices                            

  

   B987      123,000       3.a
  RCFD            

  b. Securities purchased under agreements to resell (3)                            

  

   B989      15,200,000       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      19,907,000            4.b

  c. LESS: Allowance for loan and lease losses                            

    3123      69,000                    4.c

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

  

   B529      19,838,000       4.d

  5. Trading assets (from Schedule RC-D)                            

  

   3545      362,000       5

  6. Premises and fixed assets (including capitalized leases)                            

  

   2145      43,000       6

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

  

   2150      2,000       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      44,000       10.b

11. Other assets (from Schedule RC-F)                            

  

   2160      1,154,000       11

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

  

   2170      55,759,000       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            

       FFIEC 031
Legal Title of Bank       Page 16a of 74
FDIC Certificate Number: 00623         RC-1a

Schedule RC—Continued

 

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

Liabilities

              

13. Deposits:

  

                

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

  

   2200      38,271,000       13.a

  (1) Noninterest-bearing (4)                            

    6631      26,730,000            13.a.1

  (2) Interest-bearing                            

    6636      11,541,000            13.a.2

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

  

   RCFN            

  (from Schedule RC-E, part II)                            

  

   2200      2,715,000       13.b

  (1) Noninterest-bearing                            

    6631      290,000            13.b.1

  (2) Interest-bearing                            

    6636      2,425,000            13.b.2

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

  

   RCON            

  a. Federal funds purchased in domestic offices (5)                            

  

   B993      3,940,000       14.a
  RCFD            

  b. Securities sold under agreements to repurchase (6)                            

  

   B995      0       14.b

15. Trading liabilities (from Schedule RC-D)                            

  

   3548      11,000       15

16. Other borrowed money (includes mortgage indebtedness and

  

                

  obligations under capitalized leases) (from Schedule RC-M)                            

  

   3190      59,000       16

17. and 18. Not applicable

  

                

 

(4) Includes noninterest-bearing demand, time, and savings deposits.
(5) Report overnight Federal Home Loan Bank advances in Schedule RC, item 16, “Other borrowed money.”
(6) Includes all securities repurchase agreements in domestic and foreign offices, regardless of maturity.

DEUTSCHE BANK TRUST COMPANY AMERICAS            

       FFIEC 031
Legal Title of Bank         Page 17 of 74
FDIC Certificate Number: 00623       RC-2

 

 

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

Liabilities—Continued

              

19. Subordinated notes and debentures (1)                            

   3200      0       19

20. Other liabilities (from Schedule RC-G)                            

   2930      1,444,000       20

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

   2948      46,440,000       21

22. Not applicable

            
   

Equity Capital

    Bank Equity Capital

                

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      6,313,000       26.a

  b. Accumulated other comprehensive income (2)                            

       B530      82,000       26.b

  c. Other equity capital components (3)                            

       A130      0       26.c

27. a. Total bank equity capital (sum of items 23 through 26.c)                            

       3210      9,116,000       27.a

  b. Noncontrolling (minority) interests in consolidated subsidiaries                            

       3000      203,000       27.b

28. Total equity capital (sum of items 27.a and 27.b)                            

       G105      9,319,000       28

29. Total liabilities and equity capital (sum of items 21 and 28)                            

       3300      55,759,000       29

 

Memoranda

 

To be reported with the March Report of Condition.

                    

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                            

       RCFD      Number      
      6724      N/A       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 be required by state chartering authority)

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

7 = Compilation 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    N/A    M.2

 

(1) Includes limited-life preferred stock and related surplus.
(2) 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.
(3) Includes treasury stock and unearned Employee Stock Ownership Plan shares.