EX-25 7 a07-7439_1ex25.htm EX-25

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)           
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THE BANK OF NEW YORK TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)

 

95-3571558

(State of incorporation

 

(I.R.S. employer

if not a U.S. national bank)

 

identification no.)

 

 

 

700 South Flower Street

 

 

Suite 500

 

 

Los Angeles, California

 

90017

(Address of principal executive offices)

 

(Zip code)


ALLIANT TECHSYSTEMS INC.
(Exact name of obligor as specified in its charter)

Delaware

 

41-1672694

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

ATK Commercial Ammunition Company Inc.
(Exact name of obligor as specified in its charter)

Delaware

 

41-2022465

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)




ATK Commercial Ammunition Holdings Company Inc.
(Exact name of obligor as specified in its charter)

Delaware

 

20-4048077

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

ATK Space Systems Inc.
(Exact name of obligor as specified in its charter)

Delaware

 

33-0517898

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

ATK Launch Systems Inc.
(Exact name of obligor as specified in its charter)

Delaware

 

36-2678716

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

Ammunition Accessories Inc.
(Exact name of obligor as specified in its charter)

Delaware

 

63-1287464

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

Federal Cartridge Company
(Exact name of obligor as specified in its charter)

Minnesota

 

41-0252320

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 




Micro Craft Inc.
(Exact name of obligor as specified in its charter)

Tennessee

 

62-0601440

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

 

 

5050 Lincoln Drive

 

 

Edina, Minnesota

 

55436-1097

(Address of principal executive offices)

 

(Zip code)


2.75% Convertible Senior Subordinated Notes due 2011
(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

Comptroller of the Currency
United States Department of the Treasury

 

Washington, D.C. 20219

 

 

 

Federal Reserve Bank

 

San Francisco, California 94105

 

 

 

 

 

 

Federal Deposit Insurance Corporation

 

Washington, D.C. 20429

 

(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 articles of association of The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948).

2.                                       A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).

3.                                       A copy of the authorization of the trustee to exercise corporate trust powers. (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-121948).

4.                                       A copy of the existing by-laws of the trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-121948).




 

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. 333-121948).

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.




SIGNATURE

Pursuant to the requirements of the Act, the trustee, The Bank of New York Trust Company, N.A., a 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 Chicago, and State of Illinois, on the 8th day of February, 2007.

THE BANK OF NEW YORK TRUST COMPANY, N.A.

 

 

 

 

 

By:

/s/ M. Callahan

 

 

Name:  M. Callahan

 

Title:    Vice President

 




EXHIBIT 7

Consolidated Report of Condition of
THE BANK OF NEW YORK TRUST COMPANY, N.A.
of 700 South Flower Street, Suite 200, Los Angeles, CA 90017

At the close of business September 30, 2006, published in accordance with Federal regulatory authority instructions.

 

 

Dollar Amounts
in Thousands

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

Cash and balances due from depository institutions:

 

 

 

 

Noninterest-bearing balances and currency and coin

 

3,188

 

 

Interest-bearing balances

 

0

 

 

 

 

 

 

 

Securities:

 

 

 

 

Held-to-maturity securities

 

56

 

 

Available-for-sale securities

 

64,467

 

 

 

 

 

 

 

Federal funds sold and securities

 

 

 

 

purchased under agreements to resell:

 

 

 

 

Federal funds sold

 

49,000

 

 

Securities purchased under agreements to resell

 

128,000

 

 

Loans and lease financing receivables:

 

 

 

 

Loans and leases held for sale

 

0

 

 

Loans and leases, net of unearned income.

0

 

 

 

LESS: Allowance for loan and lease losses

0

 

 

 

Loans and leases, net of unearned income and allowance

 

0

 

 

Trading assets

 

0

 

 

Premises and fixed assets (including capitalized leases)

 

3,808

 

 

Other real estate owned

 

0

 

 

Investments in unconsolidated subsidiaries and associated companies

 

0

 

 

Not applicable

 

 

 

 

Intangible assets:

 

 

 

 

Goodwill

 

267,486

 

 

Other Intangible Assets

 

15,230

 

 

Other assets

 

40,470

 

 

Total assets

 

$571,705

 

 

 




 

LIABILITIES

 

 

 

 

 

 

 

 

 

Deposits:

 

 

 

 

In domestic offices

 

 

2,039

 

Noninterest-bearing

2,039

 

 

 

Interest-bearing.

0

 

 

 

Not applicable

 

 

 

 

Federal funds purchased and securities sold under agreements to repurchase:

 

 

 

 

Federal funds purchased

 

 

0

 

Securities sold under agreements to repurchase

 

 

0

 

Trading liabilities

 

 

0

 

Other borrowed money:

 

 

 

 

(includes mortgage indebtedness and obligations under capitalized leases)

 

 

58,000

 

Not applicable

 

 

 

 

Not applicable

 

 

 

 

Subordinated notes and debentures

 

 

0

 

Other liabilities

 

 

85,004

 

Total liabilities

 

 

145,043

 

Minority interest in consolidated subsidiaries

 

 

0

 

 

 

 

 

 

EQUITY CAPITAL

 

 

 

 

 

 

 

 

 

Perpetual preferred stock and related surplus

 

 

0

 

Common stock

 

 

1,000

 

Surplus (exclude all surplus related to preferred stock)

 

 

321,520

 

Retained earnings

 

 

104,139

 

Accumulated other comprehensive income

 

 

3

 

Other equity capital components

 

 

0

 

Total equity capital

 

 

426,662

 

Total liabilities, minority interest, and equity capital (sum of items 21, 22, and 28)

 

 

571,705

 

I, William J. Winkelmann, Vice President of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

William J. Winkelmann

)

 

Vice President

We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date 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.

Michael K. Klugman, President

)

 

 

Michael F. McFadden, MD

)

 

Directors (Trustees)

Frank P. Sulzberger, Vice President

)