EX-25 11 dex25.htm STATEMENT OF ELIGIBILITY Statement of Eligibility

EXHIBIT 25

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM T-1

 

STATEMENT OF ELIGIBILITY AND QUALIFICATION

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)

 

NATIONAL CITY BANK

(Exact name of Trustee as specified in its charter)

 

34-0420310

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

 

1900 East Ninth Street

Cleveland, Ohio

  44114
(Address of principal executive offices)   (zip code)

 

David L. Zoeller

Senior Vice President and General Counsel

National City Corporation

1900 East Ninth Street

Cleveland, Ohio 44114

(216) 575-9313

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

 


 

SILGAN HOLDINGS INC.

(Exact name of obligor as specified in its charter)

 

DELAWARE   06-1269834

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

4 Landmark Square

Stamford, Connecticut

  06901
(Address of principal executive offices)   (Zip Code)

 

6¾% Senior Subordinated Notes due 2013

(Title of the Indenture securities)


GENERAL

 

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.

The Federal Reserve Bank of Cleveland, Cleveland, Ohio

Federal Deposit Insurance Corporation, Washington, D.C.

 

  (b) Whether it is authorized to exercise corporate trust powers.

 

National City Bank is authorized to exercise corporate trust powers.

 

2. Affiliations with obligor. If the obligor is an affiliate of the trustee, describe such affiliation.

 

NONE

 

16. List of exhibits

 

  (1) A copy of the Articles of Association of the Trustee.

 

Incorporated herein by reference is Charter No. 786 Merger No. 1043 the Articles of Association of National City Bank, which Articles of Association were included as a part of Exhibit 1 to Form T-1 filing made by said National City Bank with the Securities and Exchange Commission in November 1973 (File No. 2-49786).

 

Incorporated herein by reference is an amendment to the Articles of Association of National City Bank, which amendment was included as a part of Exhibit 1 to Form T-1 filing made by said National City Bank with the Securities and Exchange Commission in April 1996 (File No. 333-02761)

 

  (2) A copy of the certificate of authority of the Trustee to commence business:

 

  (a) a copy of the certificate of NCB National Bank to commence business.


Incorporated herein by reference is a true and correct copy of the certificate issued by the Comptroller of the Currency under date of April 26, 1973, whereby NCB National Bank was authorized to commence the business of banking as a National banking Association, which true copy of said Certificate was included as Exhibit 2(a) to Form T-1 filing made by said National City Bank with the Securities and Exchange Commission in November 1973 (File 2-49786)

 

  (b) a copy of the approval of the merger of The National City Bank of Cleveland into NCB National Bank under the charter of NCB National Bank and under the title “National City Bank.”

 

Incorporated herein by reference is a true and correct copy of the certificate issued by the Comptroller of the Currency under date of April 27, 1973, whereby the National City Bank of Cleveland was merged into NCB National Bank, which true copy of said certificate was included as Exhibit 2(b) to Form T-1 filing made by said National City Bank with the Securities and Exchange Commission in November 1973 (File 2-49786).

 

  (3) A copy of the authorization of the Trustee to exercise corporate trust powers.

 

Incorporated herein by reference is a true and correct copy of the certificate dated April 13, 1973 issued by the Comptroller of the Currency whereby said National City Bank has been granted the right to exercise certain trust powers, which true copy of said certificate was included as Exhibit 3 to Form T-1 filing made by said National City Bank with the Securities and Exchange Commission in November 1973 (File 2-49786).

 

  (4) A copy of existing By-Laws of the Trustee.

 

Incorporated herein by reference is a true and correct copy of the National City Bank By-Laws as amended through January 1, 1993. This true copy of said By-Laws was included as Exhibit 4 to Form T-1 filing made by National City Bank with the Securities and Exchange Commission in March, 1995 (File 22-26594).

 

  (5) Not applicable.


  (6) Consent of the United States Institutional Trustee required by Section 321(b) of the Act.

 

Attached hereto as Exhibit 6 is the Consent of the Trustee in accordance with Section 321 (b) of the Trust Indenture Act of 1939 as amended.

 

  (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.

 

Attached hereto as Exhibit 7 is the latest report of condition of National City Bank.

 

  (8) Not applicable.

 

  (9) Not applicable.

 

NOTES

 

In answering any item of this Statement of Eligibility and Qualification which relates to matters peculiarly with the knowledge of the obligor or any underwriter for the obligor or any underwriter for the obligor, the trustee has relied upon the information furnished to it by the obligor and the underwriters, and the trustee disclaims responsibility for the accuracy or completeness of such information.

 

The answer furnished to Item 2. of this statement will be amended, if necessary, to reflect any facts which differ from those stated and which would have been required to be stated if known at the date hereof.


SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939 the Trustee, National City Bank, 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 Cleveland, and State of Ohio, on the 5th day of January, 2004.

 

NATIONAL CITY BANK
By:   /s/    James E. Schultz        
 
   

James E. Schultz

Vice President


CONSENT

 

In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, and to the extent required thereby to enable it to act as an indenture trustee, National City Bank hereby consents as of he date hereof that reports of examinations of it by the Treasury Department, the Comptroller of the Currency, the Board of Governors of the Federal Reserve Banks, the Federal Deposit Insurance Corporation or of any other Federal or State authority having the right to examine National City Bank, may be furnished by similar authorities to the Securities and Exchange Commission upon request thereon.

 

NATIONAL CITY BANK
By:   /s/    James E. Schultz        
 
   

James E. Schultz

Vice President


REPORT OF CONDITION

 

NATIONAL CITY BANK

(Including Domestic and Foreign Subsidiaries)

In the State of Ohio, at the close of business on September 30, 2003

 

ASSETS                
              (In Thousands)  

Cash and balances due from depository institutions:

               

Noninterest-bearing balances and currency and coin

          $ 1,746,137  

Interest-bearing balances

            3,650  

Securities:

               

Held-to-maturity securities

            0  

Available-for-sale securities

            2,633,740  

Federal funds sold and securities purchased under agreements to resell

               

Federal funds sold in domestic offices

            67,905  

Securities purchased under agreements to resell

            261,239  

Loans and lease financing receivables:

               

Loans and leases held for sale

            21,043  

Loans and leases, net of unearned income

   $ 37,558,787         

Less: Allowance for loan and lease losses

     574,769         

Loans and leases, net of unearned income and allowance

            36,984,018  

Assets held in trading accounts

            243,054  

Premises and fixed assets (including capitalized leases)

            500,562  

Other real estate owned

            7,181  

Investments in unconsolidated subsidiaries and associated companies

            0  

Customers’ liability to this bank on acceptances outstanding

            22,938  

Intangible assets

            104,526  

Other assets

            3,202,876  
           


TOTAL ASSETS

          $ 45,798,869  
           


LIABILITIES                

Deposits:

               

In domestic offices

          $ 21,821,825  

Non-interest bearing

   $ 4,954,707         

Interest-bearing

     16,867,118         

In foreign offices, Edge and Agreement subsidiaries, and IBFs

            3,484,639  

Interest-bearing

     3,484,639         

Federal funds purchased and securities sold under agreements to repurchase:

               

Federal funds purchased in domestic offices

            4,285,852  

Securities sold under agreements to repurchase

            1,276,253  

Demand notes issued to the U.S. Treasury

            0  

Trading Liabilities

            0  

Other borrowed money

            7,927,561  

Bank’s liability on acceptances executed and outstanding

            22,938  

Subordinated notes and debentures

            1,450,300  

Other liabilities

            2,614,640  
           


TOTAL LIABILITES

            42,884,008  
           


EQUITY CAPITAL                

Common Stock

            7,311  

Surplus

            288,618  

Retained Earnings

            2,629,574  

Accumulated other comprehensive income

            (10,642 )
           


TOTAL EQUITY CAPITAL

            2,914,861  
           


TOTAL LIABILITES AND EQUITY CAPITAL

          $ 45,798,869