EX-25 4 ex-25.htm EX-25 avt_Ex_25

 

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)

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

 

 

 

 

A National Banking Association

94-1347393

(Jurisdiction of incorporation or

(I.R.S. Employer

organization if not a U.S. national

Identification No.)

bank)

 

 

 

 

 

 

 

101 North Phillips Avenue

 

Sioux Falls, South Dakota

57104

(Address of principal executive offices)

(Zip code)

 

 

Wells Fargo & Company
Law Department, Trust Section

MAC N9305-175

Sixth Street and Marquette Avenue, 17th Floor

Minneapolis,  Minnesota 55479 

(612) 667-4608

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

_____________________________

 

AVNET, INC.
(Exact name of obligor as specified in its charter)

 

 

 

 

 

New York

11-1890605

(State or other jurisdiction of

(I.R.S. Employer

incorporation or organization)

Identification No.)

 

 

2211 South 47th Street

85034

Phoenix, AZ

 

(Address of principal executive offices)

(Zip code)

 

_____________________________

Debt Securities

(Title of the indenture securities)

 

 

 


 

 

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

 

 

Treasury Department

 

 

Washington, D.C.

 

 

 

 

 

Federal Deposit Insurance Corporation

 

 

Washington, D.C.

 

 

 

 

 

Federal Reserve Bank of San Francisco

 

 

San Francisco, California 94120

 

 

 

 

(b)

Whether it is authorized to exercise corporate trust powers.

 

 

 

 

 

The trustee is authorized to exercise corporate trust powers.

 

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

 

None with respect to the trustee.

 

No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.

 

Item 15.  Foreign Trustee.Not applicable.

 

Item 16.  List of Exhibits.List below all exhibits filed as a part of this Statement of Eligibility. 

 

 

Exhibit 1.

A copy of the Articles of Association of the trustee now in effect.*

 

 

 

 

Exhibit 2.

A copy of the Comptroller of the Currency Certificate of Corporate Existence and Fiduciary Powers for Wells Fargo Bank, National Association, dated February 4, 2004.**

 

 

 

 

Exhibit 3.

See Exhibit 2 

 

 

 

 

Exhibit 4.

Copy of By-laws of the trustee as now in effect.***

 

 

 

 

Exhibit 5.

Not applicable.

 

 

 

 

Exhibit 6.

The consent of the trustee required by Section 321(b) of the Act.

 

 

 

 

Exhibit 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.  

 

 

 

 

Exhibit 8.

Not applicable.

 

 

 

 

Exhibit 9.

Not applicable.

 


 

*   Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated December 30, 2005 of file number 333-130784-06.

**  Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of file number 022-28721.

*** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated May 26, 2005 of file number 333-125274.

 

 


 

 SIGNATURE

 

 

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo 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 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 23rd day of August, 2018.

 

 

 

 

 

 

 

 

 

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

 

 

/s/Michael Tu

 

Michael Tu

 

Vice President


 

 

EXHIBIT 6

 

 

 

 

August 23, 2018

 

 

 

Securities and Exchange Commission

Washington,  D.C.  20549

 

Gentlemen:

 

In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

 

 

 

 

 

 

 

 

Very truly yours,

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

 

 

 

 

/s/Michael Tu

 

Michael Tu

 

Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

Exhibit 7

 

Consolidated Report of Condition of

 

Wells Fargo Bank National Association

of 101 North Phillips Avenue, Sioux Falls, SD 57104

And Foreign and Domestic Subsidiaries,

at the close of business June 30, 2018, filed in accordance with 12 U.S.C. §161 for National Banks.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dollar Amounts

 

 

 

 

In Millions

ASSETS

 

 

 

 

Cash and balances due from depository institutions:

 

 

 

 

Noninterest-bearing balances and currency and coin

 

 

$

19,803

Interest-bearing balances

 

 

 

143,123

Securities:

 

 

 

 

Held-to-maturity securities

 

 

 

144,098

Available-for-sale securities

 

 

 

250,007

Equity Securities with readily determinable fair value not held for trading

 

 

 

94

 

 

 

 

 

Federal funds sold and securities purchased under agreements to resell:

 

 

 

 

Federal funds sold in domestic offices

 

 

 

79

Securities purchased under agreements to resell

 

 

 

34,203

Loans and lease financing receivables:

 

 

 

 

Loans and leases held for sale

 

 

 

13,308

Loans and leases, net of unearned income

918,993

 

 

 

LESS: Allowance for loan and lease losses

9,864

 

 

 

Loans and leases, net of unearned income and allowance

 

 

 

909,129

Trading Assets

 

 

 

44,974

Premises and fixed assets (including capitalized leases)

 

 

 

8,073

Other real estate owned

 

 

 

502

Investments in unconsolidated subsidiaries and associated companies

 

 

 

12,118

Direct and indirect investments in real estate ventures

 

 

 

163

Intangible assets

 

 

 

40,514

Other assets

 

 

 

54,889

 

 

 

 

 

Total assets

 

 

$

1,675,077

 

 

 

 

 

LIABILITIES

 

 

 

 

Deposits:

 

 

 

 

In domestic offices

 

 

$

1,269,998

Noninterest-bearing

415,406

 

 

 

Interest-bearing

854,592

 

 

 

In foreign offices, Edge and Agreement subsidiaries, and IBFs

 

 

 

52,292

Noninterest-bearing

897

 

 

 

Interest-bearing

51,395

 

 

 

Federal funds purchased and securities sold under agreements to repurchase:

 

 

 

 

Federal funds purchased in domestic offices

 

 

 

8,421

Securities sold under agreements to repurchase

 

 

 

6,394

 

 

 

 

 


 

 

 

 

 

 

 

 

 

Dollar Amounts

 

 

In Millions

Trading liabilities

 

11,024

Other borrowed money

 

 

(includes mortgage indebtedness and obligations under capitalized leases)

 

116,305

Subordinated notes and debentures

 

11,749

Other liabilities

 

34,525

 

 

 

Total liabilities

$

1,510,708

 

 

 

 

 

 

EQUITY CAPITAL

 

 

Perpetual preferred stock and related surplus

 

0

Common stock

 

519

Surplus (exclude all surplus related to preferred stock)

 

112,567

Retained earnings

 

54,424

Accumulated other comprehensive income

 

(3,482)

Other equity capital components

 

0

 

 

 

Total bank equity capital

 

164,028

Noncontrolling (minority) interests in consolidated subsidiaries

 

341

 

 

 

Total equity capital

 

164,369

 

 

 

Total liabilities, and equity capital

$

1,675,077

 

 

 

I, John R. Shrewsberry, Sr. EVP & CFO of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.

 

 

 

John R. Shrewsberry

 

Sr. EVP & CFO

 

We, the undersigned directors, attest to the correctness of this Report of Condition 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.

 

 

 

Directors

 

Enrique Hernandez, Jr. 

Federico F. Pena

James Quigley