EX-25.1 48 a2219038zex-25_1.htm EX-25.1

Exhibit 25.1

 

 

 

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)

 


 

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)

 

Jack Ellerin

U.S. Bank National Association

Two Midtown Plaza

1349 West Peachtree Street, Suite 1050

Atlanta, GA  30309

(404) 898-8830

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

 

Axiall Corporation

(Parent Issuer and Guarantor with respect to the Securities)

 

Delaware

 

58-1563799

(State or other jurisdiction of incorporation or

organization)

 

(I.R.S. Employer Identification No.)

 

Eagle Spinco Inc.

(Registrant Subsidiary Issuer and Guarantor with respect to the Securities)

 

Delaware

 

46-0769929

(State or other jurisdiction of incorporation or

organization)

 

(I.R.S. Employer Identification No.)

 

1000 Abernathy Road, Suite 1000

Atlanta, GA 30328

 

 

30328

(Address of Principal Executive Offices)

 

(Zip Code)

 

4.875% Senior Notes due 2023 of Axiall Corporation

4.625% Senior Notes due 2021 of Eagle Spinco Inc.

(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, attached as Exhibit 2.

 

 

 

3.

 

A copy of the certificate of authority of the Trustee to exercise corporate trust powers, attached as Exhibit 3.

 

 

 

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, 2013 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.

 

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** Incorporated by reference to Exhibit 25.1 to registration statement on S-4, Registration Number 333-166527 filed on May 5, 2010.

 

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 City of Atlanta, State of Georgia on the 21st of March, 2014.

 

 

By:

/s/ Jack Ellerin

 

 

Jack Ellerin

 

 

Vice President

 

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Exhibit 2 Comptroller of the currency Administrator of National Banks Washington, DC 20219 CERTIFICATE OF CORPORATE EXISTENCE I, Thomas J, Curry, Comptroller of the Currency, do hereby certify that:  1. The Comptroller of the Currency, pursuant to Revised Statutes 324, et seq, as amended, and 12 USC 1, et seq, as amended, has possession, custody, and control of all records pertaining to the chartering, regulation, and supervision of all national banking associations.  2. “U.S. Bank National Association,” Cincinnati, Ohio (Charter No. 24), is a national banking association formed under the laws of the United States and is authorized thereunder to transact the business of banking on the date this certificate.  IN TESTIMONY WHEREOF, today, February 27, 2013, I have hereunto subscribed my name and caused my seal of office to be affixed to these presents at the U.S. Department of the Treasury, in the City of Washington, District of Columbia.  Comptroller of the Currency

 


Exhibit 3 Comptroller of the Currency Administrator of National Banks Washington, DC 20219 CERTIFICATION OF FIDUCIARY POWERS I, Thomas J. Curry, Comptroller of the Currency, do hereby certify that:  1. The Office of the Comptroller of the Currency, pursuant to Revised Statutes 324, et seq, as amended, and 12 USC 1, et seq, as amended, has possession, custody, and control of all records pertaining to the chartering, regulation, and supervision of all national banking associations.  2. “U.S. Bank National Association, “Cincinnati, Ohio (Charter No. 24), was granted, under the hand and seal of the Comptroller, the right to act in all fiduciary capacities authorized under the provisions of the Act of Congress approved September 28, 1962, 76 Stat. 668, 12 USC 92a, and that the authority so granted remains in full force and effect on the date of this certificate.  IN TESTIMONY WHEREOF, today, February 27, 2013, I have hereunto subscribed my name and caused my seal of office to be affixed to these presents at the U.S. Department of the Treasury, in the City of Washington, District of Columbia.  Comptroller of the Currency

 

 

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: March 21, 2014

 

 

 

By:

/s/ Jack Ellerin

 

 

Jack Ellerin

 

 

Vice President

 

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Exhibit 7

U.S. Bank National Association

Statement of Financial Condition

As of 12/31/2013

 

($000’s)

 

 

 

12/31/2013

 

Assets

 

 

 

Cash and Balances Due From Depository Institutions

 

$

8,472,724

 

Securities

 

79,357,671

 

Federal Funds

 

76,693

 

Loans & Lease Financing Receivables

 

232,699,923

 

Fixed Assets

 

4,466,915

 

Intangible Assets

 

13,365,332

 

Other Assets

 

22,039,020

 

Total Assets

 

$

360,478,278

 

 

 

 

 

Liabilities

 

 

 

Deposits

 

$

271,150,926

 

Fed Funds

 

2,539,914

 

Treasury Demand Notes

 

0

 

Trading Liabilities

 

432,300

 

Other Borrowed Money

 

29,623,570

 

Acceptances

 

0

 

Subordinated Notes and Debentures

 

5,586,320

 

Other Liabilities

 

11,722,618

 

Total Liabilities

 

$

321,055,648

 

 

 

 

 

Equity

 

 

 

Common and Preferred Stock

 

18,200

 

Surplus

 

14,231,212

 

Undivided Profits

 

24,312,465

 

Minority Interest in Subsidiaries

 

$

860,753

 

Total Equity Capital

 

$

39,422,630

 

 

 

 

 

Total Liabilities and Equity Capital

 

$

360,478,278

 

 

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