EX-25 11 a2091038zex-25.htm EXHIBIT 25
QuickLinks -- Click here to rapidly navigate through this document


Exhibit 25

FORM T-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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)        o

THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)

New York
(State of incorporation
if not a U.S. national bank)		   13-5160382
(I.R.S. employer
identification no.)

 
 
 
One Wall Street, New York, N.Y.
(Address of principal executive offices)		   10286
(Zip code)

KAISER GROUP HOLDINGS, INC.
(Exact name of obligor as specified in its charter)

Delaware
(State or other jurisdiction of
incorporation or organization)		   54-2014870
(I.R.S. employer
identification no.)

 
 
 
9302 Lee Highway
Fairfax, Virginia
(Address of principal executive offices)		   22031
(Zip code)

Kaiser Government Programs, Inc.
(Exact name of obligor as specified in its charter)

Delaware
(State or other jurisdiction of
incorporation or organization)		   54-1761768
(I.R.S. employer
identification no.)

 
 
 
9302 Lee Highway
Fairfax, Virginia
(Address of principal executive offices)		   22031
(Zip code)

81/4% Senior Notes due 2007
(Title of the indenture securities)

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
        Superintendent of Banks of the State of New York   2 Rector Street, New York, N.Y. 10006, and Albany, N.Y. 12203
        Federal Reserve Bank of New York   33 Liberty Plaza, New York, N.Y. 10045
        Federal Deposit Insurance Corporation   Washington, D.C. 20429
        New York Clearing House Association   New York, New York 10005

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

 
 
 
 
Yes.

2.
 
Affiliations with Obligor.

 
 
If the obligor is an affiliate of the trustee, describe each such affiliation.

 
 
None.

16.
 
List of Exhibits.

 
 
Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the "Act") and 17 C.F.R. 229.10(d).

 
 
1.
 
A copy of the Organization Certificate of The Bank of New York (formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672 and Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637.)

 
 
4.
 
A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 33-31019.)

 
 
6.
 
The consent of the Trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with Registration Statement No. 33-44051.)

 
 
7.
 
A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

2


SIGNATURE

        Pursuant to the requirements of the Act, the Trustee, The Bank of New York, 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 the 9th day of October, 2002.

    THE BANK OF NEW YORK

 
 
By:
/s/  MARY LAGUMINA      
    Name: MARY LAGUMINA
    Title: VICE PRESIDENT

3


Exhibit 7


Consolidated Report of Condition of

THE BANK OF NEW YORK

of One Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,

a member of the Federal Reserve System, at the close of business June 30, 2002, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.

 
   Dollar Amounts
In Thousands
  
ASSETS        
Cash and balances due from depository institutions:        
  Noninterest-bearing balances and currency and coin   $ 2,850,111  
  Interest-bearing balances     6,917,898  
Securities:        
  Held-to-maturity securities     1,201,319  
  Available-for-sale securities     13,227,788  
Federal funds sold in domestic offices     1,748,562  
Securities purchased under agreements to resell     808,241  
Loans and lease financing receivables:        
  Loans and leases held for sale     974,505  
  Loans and leases, net of unearned income     36,544,957  
  LESS: Allowance for loan and lease losses     578,710  
  Loans and leases, net of unearned income and allowance     35,966,247  
Trading Assets     6,292,280  
Premises and fixed assets (including capitalized leases)     860,071  
Other real estate owned     660  
Investments in unconsolidated subsidiaries and associated companies     272,214  
Customers' liability to this bank on acceptances outstanding     467,259  
Intangible assets        
  Goodwill     1,804,922  
  Other intangible assets     70,679  
Other assets     4,639,158  
   
 
Total assets   $ 78,101,914  
   
 

LIABILITIES
 
 
 
 
Deposits:        
  In domestic offices   $ 29,456,619  
  Noninterest-bearing     11,393,028  
  Interest-bearing     18,063,591  
  In foreign offices, Edge and Agreement subsidiaries, and IBFs     26,667,608  
  Noninterest-bearing     297,347  
  Interest-bearing     26,370,261  
Federal funds purchased in domestic offices     1,422,522  
Securities sold under agreements to repurchase     466,965  
Trading liabilities     2,946,403  
Other borrowed money:
(includes mortgage indebtedness and obligations under capitalized leases)		     1,844,526  
Bank's liability on acceptances executed and outstanding     469,319  
Subordinated notes and debentures     1,840,000  
Other liabilities     5,998,479  
   
 
Total liabilities   $ 71,112,441  
   
 
Minority interest in consolidated subsidiaries     500,154  

EQUITY CAPITAL
 
 
 
 
Perpetual preferred stock and related surplus     0  
Common stock     1,135,284  
Surplus     1,055,509  
Retained earnings     4,244,963  
Accumulated other comprehensive income     (53,563 )
Other equity capital components     0  
   
 
Total equity capital     6,489,319  
   
 
Total liabilities minority interest and equity capital   $ 78,101,914  
   
 

        I, Thomas J. Mastro, Senior Vice President and Comptroller of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.

    Thomas J. Mastro,
Senior Vice President and Comptroller

        We, the undersigned directors, attest to the correctness of this statement or resources and liabilities. We 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 and is true and correct.

Thomas A. Renyi
Gerald L. Hassell
Alan R. Griffith		   }   Directors    


QuickLinks

SIGNATURE
Consolidated Report of Condition of THE BANK OF NEW YORK of One Wall Street, New York, N.Y. 10286 And Foreign and Domestic Subsidiaries,