EX-25.1 4 a15-10373_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)

 


 

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)

 

Philip G Kane Jr

U.S. Bank National Association

225 Asylum Street, 23rd Fl

Hartford, CT  06103

(860) 241-6842

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

 

Isle of Capri Casinos, Inc. (1)

(Exact name of obligor as specified in its charter)

 

Delaware

 

41-1659606

(State or other jurisdiction of incorporation or organization)

 

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

 

 

 

600 Emerson Road, Suite 300

St. Louis, Missouri

 

63141

(Address of Principal Executive Offices)

 

(Zip Code)

 

5.875% Senior Notes due 2021

(Title of the Indenture Securities)

 


(1) See Table of Subsidiary Guarantors

 

 

 



 

TABLE OF SUBSIDIARY GUARANTORS

 

Exact name of registrant as specified in its charter

 

State or other
jurisdiction of
incorporation
or organization

 

Primary
Standard
Industrial
Classification
Code
Number

 

IRS
Employer
Identification
Number

 

Address, including
zip code, and
telephone number,
including area
code, of each co-
registrant’s
principal executive
offices

Black Hawk Holdings, L.L.C.

 

Colorado

 

7990

 

26-1809618

 

(1)

CCSC/Blackhawk, Inc.

 

Colorado

 

7990

 

84-1602683

 

(1)

IC Holdings Colorado, Inc.

 

Colorado

 

7990

 

41-2068984

 

(1)

IOC Black Hawk County, Inc.

 

Iowa

 

7990

 

83-0380482

 

(1)

IOC-Black Hawk Distribution Company, LLC

 

Colorado

 

7990

 

95-4896277

 

(1)

IOC-Boonville, Inc.

 

Nevada

 

7990

 

88-0303425

 

(1)

IOC-Cape Girardeau LLC

 

Missouri

 

7990

 

27-3047637

 

(1)

IOC-Caruthersville, LLC

 

Missouri

 

7990

 

36-4335059

 

(1)

IOC Holdings, L.L.C.

 

Louisiana

 

7990

 

64-0934982

 

(1)

IOC-Kansas City, Inc.

 

Missouri

 

7990

 

64-0921931

 

(1)

IOC-Lula, Inc.

 

Mississippi

 

7990

 

88-0301634

 

(1)

IOC-Natchez, Inc.

 

Mississippi

 

7990

 

88-0277687

 

(1)

IOC-Vicksburg, Inc.

 

Delaware

 

7990

 

27-2281521

 

(1)

IOC-Vicksburg, L.L.C.

 

Delaware

 

7990

 

27-2281675

 

(1)

Isle of Capri Bettendorf, L.C.

 

Iowa

 

7990

 

62-1810319

 

(1)

Isle of Capri Black Hawk, L.L.C.

 

Colorado

 

7990

 

84-1422931

 

(1)

Isle of Capri Marquette, Inc.

 

Iowa

 

7990

 

62-1810746

 

(1)

PPI, Inc.

 

Florida

 

7990

 

65-0585198

 

(1)

Rainbow Casino-Vicksburg Partnership, L.P.

 

Mississippi

 

7990

 

64-0844165

 

(1)

St. Charles Gaming Company, L.L.C.

 

Louisiana

 

7990

 

72-1235262

 

(1)

 


(1) 600 Emerson Road, Suite 300, St. Louis, MO 63141, 314-813-9200.

 

2



 

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 March 31, 2015 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.

 

** Incorporated by reference to Exhibit 25.1 to registration statement on form S-3ASR,  Registration Number 333-199863 filed on November 5, 2014.

 

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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 Hartford, State of Connecticut on the 15th of May, 2015.

 

 

By:

/s/ Philip G. Kane, Jr.

 

 

Philip G. Kane, Jr.

 

 

Vice President

 

4



 

Exhibit 2

 

 

5



 

Exhibit 3

 

 

6



 

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: May 15, 2015

 

 

By:

/s/ Philip G. Kane, Jr.

 

 

Philip G. Kane, Jr.

 

 

Vice President

 

7



 

Exhibit 7

 

U.S. Bank National Association

Statement of Financial Condition

As of 3/31/2015

 

($000’s)

 

 

 

3/31/2015

 

Assets

 

 

 

Cash and Balances Due From

 

$

14,048,386

 

Depository Institutions

 

 

 

Securities

 

101,980,067

 

Federal Funds

 

48,958

 

Loans & Lease Financing Receivables

 

248,152,881

 

Fixed Assets

 

4,794,618

 

Intangible Assets

 

12,898,132

 

Other Assets

 

23,440,131

 

Total Assets

 

$

405,363,173

 

 

 

 

 

Liabilities

 

 

 

Deposits

 

$

297,444,787

 

Fed Funds

 

1,856,185

 

Treasury Demand Notes

 

0

 

Trading Liabilities

 

1,179,175

 

Other Borrowed Money

 

46,898,693

 

Acceptances

 

0

 

Subordinated Notes and Debentures

 

3,650,000

 

Other Liabilities

 

12,682,543

 

Total Liabilities

 

$

363,711,383

 

 

 

 

 

Equity

 

 

 

Common and Preferred Stock

 

18,200

 

Surplus

 

14,266,400

 

Undivided Profits

 

26,511,651

 

Minority Interest in Subsidiaries

 

855,539

 

Total Equity Capital

 

$

41,651,790

 

 

 

 

 

Total Liabilities and Equity Capital

 

$

405,363,173

 

 

8