EX-25.1 10 d553968dex251.htm EX-25.1 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

 

 

UMB BANK, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

 

44-0201230

(IRS Employer Identification No.)

 

1010 Grand Blvd., Kansas City, Missouri   64106
(Address of principal executive offices)   (Zip Code)

 

 

O’REILLY AUTOMOTIVE, INC.

(Exact name of obligor as specified in its charter)

 

 

 

MISSOURI   27-4358837

(State or other jurisdiction of

incorporation or organization)

 

(IRS employer

identification No.)

233 South Patterson Springfield, Missouri 65802   65802
(Address of principal executive offices)   (Zip Code)

 

 

O’Reilly Automotive, Inc.

Senior Notes due 2023

(Title of the indenture securities)

 

 

 


Item 1. General Information

 

  (a) Name and address of each examining or supervising authority to which the Trustee is subject is as follows:

The Comptroller of the Currency

Mid-Western District

2345 Grand Avenue, Suite 700

Kansas City, Missouri 64108

Federal Reserve Bank of Kansas City

Federal Reserve PO Station

Kansas City, Missouri 64198

Supervising Examiner

Federal Deposit Insurance Corporation

720 Olive Street, Suite 2909

St. Louis, Missouri 63101

(b) The Trustee is authorized to exercise corporate trust powers.

 

Item 2. Affiliations with obligor.

The Obligor is not affiliated with the Trustee.

 

Item 3. Voting securities of the Trustee.

NOT APPLICABLE

 

Item 4. Trusteeships under other indentures.

NOT APPLICABLE

 

Item 5. Interlocking directorates and similar relationships with the obligor or underwriters

NOT APPLICABLE

 

Item 6. Voting securities of the trustee owned by the obligor or its officials.

NOT APPLICABLE


Item 7. Voting securities of the trustee owned by underwriters or their officials.

NOT APPLICABLE

 

Item 8. Securities of the obligor owned or held by the trustee.

NOT APPLICABLE

 

Item 9. Securities of the underwriters owned or held by the trustee.

NOT APPLICABLE

 

Item 10. Ownership or holdings by the trustee of voting securities of certain affiliates or security holders of the obligor.

NOT APPLICABLE

 

Item 11. Ownership or holdings by the trustee of any securities of a person owning 50 percent or more of the voting securities of the obligor.

NOT APPLICABLE

 

Item 12. Indebtedness of the Obligor to the Trustee.

NOT APPLICABLE

 

Item 13. Defaults of the Obligor.

NOT APPLICABLE

 

Item 14. Affiliations with the Underwriters.

NOT APPLICABLE

 

Item 15. Foreign Trustee.

NOT APPLICABLE


Item 16. Lists of Exhibits

Listed below are all exhibits as a part of this Statement of eligibility and qualification.

 

  1. Articles of Association of the Trustee, as now in effect (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-74008).

 

  2. Certificate of Authority from the Comptroller of Currency evidencing a change of the corporate title of the Association. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-74008).

 

  3. Certificate from the Comptroller of the Currency evidencing authority to exercise corporate trust powers and a letter evidencing a change of the corporate title of the Association. (Exhibit 3 to Form T-1 filed with the Registration Statement No. 333-74008).

 

  4. Bylaws, as amended of the Trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-74008).

 

  5. N/A

 

  6. Consent of the Trustee required by Section 321(b) of the Act (Exhibit 6 to Registration Statement No. 333-74008).

 

  7. Report of Condition of the Trustee as of 6/30/12. See attached Exhibit 1 to this Form T-1.

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, UMB Bank, National Association, a national bank 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 Kansas City, and State of Missouri, on the 13th day of June, 2013.

 

  UMB BANK, NATIONAL ASSOCIATION
  BY:   /s/ Mark B. Flannagan        
    Mark B. Flannagan, Senior Vice President

DATE: June 13, 2013


Schedule RC   15

Consolidated Report of Condition for Insured Banks and Savings Associations for March 31, 2013

All schedules are to be reported in thousands of dollars. Unless otherwise indicated, report the amount outstanding as of the last business day of the quarter.

Schedule RC—Balance Sheet

 

Dollar Amounts in Thousands

                 Bil Mil Thou       

    Assets

              

1.      Cash and balances due from depository institutions (from Schedule RC-A):

              

a.      Noninterest-bearing balances and currency and coin (1)

           RCON0081         326,718       1.a.

b.      Interest-bearing balances (2)

           RCON0071         1,630,967       1.b.

2.      Securities:

              

a.      Held-to-maturity securities (from Schedule RC-B, column A)

           RCON1754         129,498       2.a.

b.      Available-for-sale securities (from Schedule RC-B, column D)

           RCON1773         6,841,584       2.b.

3.      Federal funds sold and securities purchased under agreements to resell:

              

a.      Federal funds sold

           RCONB987         0       3.a.

b.      Securities purchased under agreements to resell (3)

           RCONB989         19,046       3.b.

4.      Loans and lease financing receivables (from Schedule RC-C):

              

a.      Loans and leases held for sale

           RCON5369         6,305       4.a.

b.      Loans and leases, net of unearned income

     RCONB528         6,010,342             4.b.

c.      LESS: Allowance for loan and lease losses

     RCON3123         69,881             4.c.

d.      Loans and leases, net of unearned income and allowance (item 4.b minus 4.c)

           RCONB529         5,940,461       4.d.

5.      Trading assets (from Schedule RC-D)

           RCON3545         40,777       5.

6.      Premises and fixed assets (including capitalized leases)

           RCON2145         220,194       6.

7.      Other real estate owned (from Schedule RC-M)

           RCON2150         3,565       7.

8.      Investments in unconsolidated subsidiaries and associated companies

           RCON2130         0       8.

9.      Direct and indirect investments in real estate ventures

           RCON3656         0       9.

10.    Intangible assets:

              

a.      Goodwill

           RCON3163         90,011       10.a.

b.      Other intangible assets (from Schedule RC-M)

           RCON0426         14,677       10.b.

11.    Other assets (from Schedule RC-F)

           RCON2160         195,318       11.

12.    Total assets (sum of items 1 through 11)

           RCON2170         15,459,121       12.

 

(1)  Includes cash items in process of collection and unposted debits.
(2)  Includes time certificates of deposit not held for trading.
(3)  Includes all securities resale agreements, regardless of maturity.


Schedule RC   16

Schedule RC—Continued

 

Dollar Amounts in Thousands

                 Bil Mil Thou       

    Liabilities

              

13.    Deposits:

              

a.      In domestic offices (sum of totals of columns A and C from Schedule RC-E)

           RCON2200         12,607,249       13.a.

(1)    Noninterest-bearing (1)

     RCON6631         5,645,387             13.a.(1)

(2)    Interest-bearing

     RCON6636         6,961,862             13.a.(2)

b.      Not applicable

              

14.    Federal funds purchased and securities sold under agreements to repurchase:

              

a.      Federal funds purchased (2)

           RCONB993         1,729       14.a.

b.      Securities sold under agreements to repurchase (3)

           RCONB995         1,658,735       14.b.

15.    Trading liabilities (from Schedule RC-D)

           RCON3548         0       15.

16.    Other borrowed money (includes mortgage indebtedness and

             obligations under capitalized leases) (from Schedule RC-M)

           RCON3190         4,808       16.

17.    Not applicable

              

18.    Not applicable

              

19.    Subordinated notes and debentures (4)

           RCON3200         0       19.

20.    Other liabilities (from Schedule RC-G)

           RCON2930         129,571       20.

21.    Total liabilities (sum of items 13 through 20)

           RCON2948         14,402,092       21.

22.    Not applicable

               22.

    Equity Capital

              

    Bank Equity Capital

              

23.    Perpetual preferred stock and related surplus

           RCON3838         0       23.

24.    Common stock

           RCON3230         21,250       24.

25.    Surplus (exclude all surplus related to preferred stock)

           RCON3839         368,371       25.

26.

               26.

a.      Retained earnings

           RCON3632         603,836       26.a.

b.      Accumulated other comprehensive income (5)

           RCONB530         63,572       26.b.

c.      Other equity capital components (6)

           RCONA130         0       26.c.

27.

               27.

a.      Total bank equity capital (sum of items 23 through 26.c)

           RCON3210         1,057,029       27.a.

b.      Noncontrolling (minority) interests in consolidated subsidiaries

           RCON3000         0       27.b.

28.    Total equity capital (sum of items 27.a and 27.b)

           RCONG105         1,057,029       28.

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

           RCON3300         15,459,121       29.

 

 

(1)  Includes noninterest-bearing demand, time, and savings deposits.
(2)  Report overnight Federal Home Loan Bank advances in Schedule RC, item 16, “Other borrowed money.”
(3)  Includes all securities repurchase agreements, regardless of maturity.
(4)  Includes limited-life preferred stock and related surplus.
(5)  Includes, but is not limited to, net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, and accumulated defined benefit pension and other postretirement plan adjustments.
(6)  Includes treasury stock and unearned Employee Stock Ownership Plan shares.


Schedule RC   17

Schedule RC—Continued

Memoranda

To be reported with the March Report of Condition.

 

            Number       

1.      Indicate in the box at the right the number of the statement below that best describes the most comprehensive level of auditing work performed for the bank by independent external auditors as of any date during 2012

     RCON6724         2       M.1.

 

1 = Independent audit of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the bank

 

2 = Independent audit of the bank’s parent holding company conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the consolidated holding company (but not on the bank separately)

 

3 = Attestation on bank management’s assertion on the effectiveness of the bank’s internal control over financial reporting by a certified public accounting firm
4 = Directors’ examination of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm (may be required by state chartering authority)

 

5 = Directors’ examination of the bank performed by other external auditors (may be required by state chartering authority)

 

6 = Review of the bank’s financial statements by external auditors

 

7 = Compilation of the bank’s financial statements by external auditors

 

8 = Other audit procedures (excluding tax preparation work)

 

9 = No external audit work
 

 

            MM/DD       

    To be reported with the March Report of Condition.

        

2.      Bank’s fiscal year-end date

     RCON8678         1231       M.2.