EX-25.1 10 a15-6841_1ex25d1.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)

 

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
bank)

 

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)

 


 

STEEL DYNAMICS, INC.

 (Exact name of obligor as specified in its charter)

 

Indiana

 

35-1929476

(State or other jurisdiction of

 

(I.R.S. Employer

incorporation or organization)

 

Identification No.)

 

7575 West Jefferson Blvd.

 

 

Fort Wayne, Indiana

 

46804

(Address of principal executive offices)

 

(Zip code)

 


 

5.125% Senior Notes due 2021

and Guarantees of 5.125% Senior Notes due 2021

 

5.500% Senior Notes due 2024

and Guarantees of 5.500% Senior Notes due 2024

 (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

Jackson Iron & Metal Company, Inc.

 

Michigan

 

38-2604041

 

7575 West Jefferson Blvd., Fort Wayne Indiana 46804

 

 

 

 

 

 

 

Marshall Steel, Inc.

 

Delaware

 

62-1527726

 

7575 West Jefferson Blvd., Fort Wayne Indiana 46804

 

 

 

 

 

 

 

New Millennium Building Systems, LLC

 

Indiana

 

35-2083989

 

7575 West Jefferson Blvd., Fort Wayne Indiana 46804

 

 

 

 

 

 

 

OmniSource Corporation

 

Indiana

 

35-0809317

 

7575 West Jefferson Blvd., Fort Wayne Indiana 46804

 

 

 

 

 

 

 

OmniSource Southeast, LLC

 

Delaware

 

56-2256626

 

7575 West Jefferson Blvd., Fort Wayne Indiana 46804

 

 

 

 

 

 

 

OmniSource Transport, LLC

 

Indiana

 

35-2084965

 

7575 West Jefferson Blvd., Fort Wayne Indiana 46804

 

 

 

 

 

 

 

Roanoke Electric Steel Corporation

 

Indiana

 

20-3663442

 

7575 West Jefferson Blvd., Fort Wayne Indiana 46804

 

 

 

 

 

 

 

Steel Dynamics Sales North America, Inc.

 

Indiana

 

32-0042039

 

7575 West Jefferson Blvd., Fort Wayne Indiana 46804

 

 

 

 

 

 

 

Steel Dynamics Columbus, LLC

 

Delaware

 

20-3297920

 

7575 West Jefferson Blvd., Fort Wayne Indiana 46804

 

 

 

 

 

 

 

Steel of West Virginia, Inc.

 

Delaware

 

55-0684304

 

7575 West Jefferson Blvd., Fort Wayne Indiana 46804

 

 

 

 

 

 

 

Superior Aluminum Alloys, LLC

 

Indiana

 

35-2007173

 

7575 West Jefferson Blvd., Fort Wayne Indiana 46804

 

 

 

 

 

 

 

SWVA, Inc.

 

Delaware

 

55-0621605

 

7575 West Jefferson Blvd., Fort Wayne Indiana 46804

 

 

 

 

 

 

 

The Techs Industries, Inc.

 

Delaware

 

20-0540361

 

7575 West Jefferson Blvd., Fort Wayne Indiana 46804

 

i



 

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 New York and State of New York on the 24th day of March 2015.

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

 

 

/s/ Julius R. Zamora

 

Julius R. Zamora

 

Vice President

 



 

EXHIBIT 6

 

March 24, 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.