EX-25.1 7 f04361a1exv25w1.htm EXHIBIT 25.1 exv25w1
 

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
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
(Address of principal executive offices)
  55402
(Zip Code)

Paula Oswald
U.S. Bank National Association
633 W. 5TH Street, 24th Floor
Los Angeles, CA 90071
(213) 615-6043
(Name, address and telephone number of agent for service)

Solectron Corporation

(Issuer with respect to the Securities)
     
DELAWARE   94-2447045
     
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification No.)
     
847 Gibraltar Drive, Milpitas, CA
(Address of Principal Executive Offices)
  95035
(Zip Code)

0.50% Convertible Senior Notes, Series B due February 15, 2034
(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.
           
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  
 
In answering this item, the trustee has relied, in part, upon information furnished by the obligor and the underwriters, and has also examined its own books and records for the purpose of answering this item.
     
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.*
 
  3.   A copy of the certificate of authority of the Trustee to exercise corporate trust powers.*
 
  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.   A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.

  *   Incorporated by reference to Registration Number 333-67188.
     A copy of the Articles of Association of the trustee, as now in effect, is on file with the Securities and Exchange Commission as an Exhibit with corresponding exhibit number to the Form T-1 of Structured Obligations Corporation, filed pursuant to Section 305(b)(2) of the Trust Indenture Act of 1939, as amended (the “Act”), on November 16, 2001 (Registration No. 333-67188), and is incorporated herein by reference.

 


 

NOTE

     The answers to this statement insofar as such answers relate to what persons have been underwriters for any securities of the obligors within three years prior to the date of filing this statement, or what persons are owners of 10% or more of the voting securities of the obligors, or affiliates, are based upon information furnished to the Trustee by the obligors.

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 Los Angeles, State of California on the 28th day of January, 2005.
         
  U.S. BANK NATIONAL ASSOCIATION
 
 
  By:   /s/ Paula Oswald    
    Paula Oswald   
    Vice President   
 

2


 

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: January 28, 2005
         
  U.S. BANK NATIONAL ASSOCIATION
 
 
  By:   /s/ Paula Oswald    
    Paula Oswald   
    Vice President   

3


 

         

Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 9/30/2004

($000’s)

         
    9/30/2004  
Assets
       
Cash and Due From Depository Institutions
  $ 6,973,101  
Federal Reserve Stock
    0  
Securities
    39,400,687  
Federal Funds
    2,842,037  
Loans & Lease Financing Receivables
    121,000,954  
Fixed Assets
    1,846,496  
Intangible Assets
    10,035,484  
Other Assets
    10,354,644  
 
     
Total Assets
  $ 192,453,403  
Liabilities
       
Deposits
  $ 122,247,349  
Fed Funds
    3,377,719  
Treasury Demand Notes
    3,968,574  
Trading Liabilities
    145,128  
Other Borrowed Money
    30,331,854  
Acceptances
    146,102  
Subordinated Notes and Debentures
    5,535,512  
Other Liabilities
    6,060,066  
 
     
Total Liabilities
  $ 171,812,304  
Equity
       
Minority Interest in Subsidiaries
  $ 1,013,889  
Common and Preferred Stock
    18,200  
Surplus
    11,792,288  
Undivided Profits
    7,816,722  
 
     
Total Equity Capital
  $ 20,641,099  
Total Liabilities and Equity Capital
  $ 192,453,403  

4