EX-25.1 21 d569836dex251.htm EX-25.1 EX-25.1

Exhibit 25.1

UNITED STATES

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

CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY

OF A TRUSTEE PURSUANT TO SECTION 305(b)(2)    ¨

 

 

The Bank of New York Mellon Trust Company, N.A.

(Exact name of trustee as specified in its charter)

 

N/A   95-3571558

(State of incorporation

if not a U.S. national bank)

  

(I.R.S. employer

identification no.)

400 South Hope Street, Suite 400

Los Angeles, California

   90071
(Address of principal executive offices)   (Zip code)

Legal Department

The Bank of New York Mellon Trust Company, N.A.

One Wall Street, 15th Floor

New York, NY 10286

(212) 635-1270

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

 

 

Education Management LLC

Education Management Finance Corp.

(Exact name of obligor as specified in its charter)

 

Delaware  

20-4506022

20-4887689

(State or other jurisdiction of

incorporation or organization)

  

(I.R.S. employer

identification no.)

c/o Education Management Corporation

210 Sixth Avenue, 33rd Floor

Pittsburgh, PA

   15222
(Address of principal executive offices)   (Zip code)

 

 

Senior Cash Pay/PIK Notes due 2018

(Title of the indenture securities)

 

 

 

1

Table of Additional Obligors

 

Exact Name of Guarantor

Obligor as Specified in its Charter

   

State or
Other Jurisdiction
of Incorporation
or Organization

    I.R.S. Employer
Identification Number		    Address, Including Zip Code
and Telephone Number,
Including Area Code,
of Guarantor Obligor’s
Principal Executive Offices

AICA-IE Restaurant, Inc.

    California    26-2961312    210 Sixth Avenue

33rd Floor

Pittsburgh, PA, 15222

(412) 562-0900

AID Restaurant, Inc.

    Texas    01-0691168    8080 Park Lane

Suite 100

Dallas, Texas 75231

214-692-8080

AIH Restaurant, Inc.

    Texas    76-0431417    1900 Yorktown

Houston, Texas 77056

713-623-2040

AIIN Restaurant LLC

    Indiana    26-2701617    210 Sixth Avenue

33rd Floor

Pittsburgh, PA, 15222

(412) 562-0900

AIIM Restaurant, Inc.

    Minnesota    41-1977654    15 S. 9th St.

LaSalle Building

Minneapolis, Minnesota 55409

612-332-3361

AIT Restaurant, Inc.

    Florida    20-8315057    210 Sixth Avenue

33rd Floor

Pittsburgh, PA, 15222

(412) 562-0900

AITN Restaurant, Inc.

    Tennessee    26-2240577    210 Sixth Avenue

33rd Floor

Pittsburgh, PA, 15222

(412) 562-0900

Argosy University Family Center, Inc.

    Minnesota    16-1665500    310 East 38th St.

Minneapolis, MN 55409

612-827-5981

The Connecting Link, Inc.

    Georgia    58-1987235    5126 Ralston St.

Ventura, CA 93003

805-654-0739

EDMC Marketing and Advertising, Inc.

    Georgia    58-1591601    210 Sixth Avenue

33rd Floor

Pittsburgh, PA, 15222

(412) 562-0900

Education Management Corporation

    Pennsylvania    25-1119571    210 Sixth Avenue

33rd Floor

Pittsburgh, PA, 15222

(412) 562-0900

Higher Education Services, Inc.

    Georgia    58-1983881    709 Mall Avenue

Savannah, GA 31406

803-799-9082

MCM University Plaza, Inc.

    Illinois    36-4118464    210 Sixth Avenue

33rd Floor

Pittsburgh, PA, 15222

(412) 562-0900

 

2

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.

 

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.

Item 2.     Affiliations with Obligor.

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

None.

Item 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 Mellon Trust Company, N.A. (Exhibit 1 to Form T-1 filed pursuant to Section 305(b)(2) of the Act in connection with Registration Statement No. 333-135006-10).

 

  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 pursuant to Section 305(b)(2) of the Act in connection with Registration Statement No. 333-135006-10).

 

  4. A copy of the existing by-laws of the trustee. (Exhibit 4 to Form T-1 filed pursuant to Section 305(b)(2) of the Act in connection with Registration Statement No. 333-135006-10).

 

  5. Not applicable.

 

  6. The consent of the trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed pursuant to Section 305(b)(2) of the Act in connection with Registration Statement No. 333-135006-10).

 

  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.

 

  8. Not applicable.

 

  9. Not applicable.

 

3

SIGNATURE

Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon 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 Los Angeles, and State of California, on the 19th day of July, 2013.

 

THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
By:  

/s/ Teresa Petta

Name:   Teresa Petta
Title:   Vice President

 

4

EXHIBIT 7

Consolidated Report of Condition of

THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION

of 400 South Hope Street, Suite 400, Los Angeles, CA 90071

At the close of business March 31, 2013, 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

      660   

Interest-bearing balances

      354   

Securities:

   

Held-to-maturity securities

      0   

Available-for-sale securities

      689,326   

Federal funds sold and securities purchased under agreements to resell:

   

Federal funds sold

      76,200   

Securities purchased under agreements to resell

      0   

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)

      5,449   

Other real estate owned

      0   

Investments in unconsolidated subsidiaries and associated companies

      0   

Direct and indirect investments in real estate ventures

      0   

Not applicable

   

Intangible assets:

   

Goodwill

      856,313   

Other Intangible Assets

      152,015   

Other assets

      141,868   
  

 

 

  

Total assets

    $ 1,922,185   
  

 

 

  

LIABILITIES

   

Deposits:

   

In domestic offices

      536   

Noninterest-bearing

      536   

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)

      0   

Not applicable

   

Not applicable

   

Subordinated notes and debentures

      0   

Other liabilities

      242,248   

Total liabilities

      242,784   

Not applicable

   

EQUITY CAPITAL

   

Perpetual preferred stock and related surplus

      0   

Common stock

      1,000   

Surplus (exclude all surplus related to preferred stock)

      1,121,615   

Not available

   

Retained earnings

      552,729   

Accumulated other comprehensive income

      4,057   

Other equity capital components

      0   

Not available

   

Total bank equity capital

      1,679,401   

Noncontrolling (minority) interests in consolidated subsidiaries

      0   

Total equity capital

      1,679,401   
  

 

 

  

Total liabilities and equity capital (sum of items 21 and 28)

      1,922,185   
  

 

 

  

I, Cherisse Waligura, CFO 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.

 

Cherisse Waligura

  

        )        

    CFO

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.

 

Troy L. Kilpatrick, President

  

        )        

   

Frank P. Sulzberger, Director

  

        )        

    Directors (Trustees)

William D. Lindelof, Director

  

        )