EX-25.(C) 7 d948953dex25c.htm EX-25.(C) EX-25.(c)

 

 

Exhibit 25.(c)

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)

 

 

 

  95-3571558

(Jurisdiction of incorporation

if not a U.S. national bank)

  

(I.R.S. employer

identification no.)

 

400 South Hope Street Suite 500

Los Angeles, California

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

 

 

Lamar Media Corp.

(Exact name of obligor as specified in its charter)

 

 

 

Delaware   72-1205791
(State or other jurisdiction of
incorporation or organization)		   (I.R.S. employer
identification no.)

Table of Additional Registrants

 

Exact Name of Registrant
as Specified in its Charter		   State or Other Jurisdiction of
Incorporation or Organization		   IRS Employer
Identification Number
Arizona Logos, L.L.C.   Arizona   27-2892296
Ashby Street Outdoor LLC   Delaware   45-0613746
Ashby Street Outdoor CC, LLC   Delaware   81-1011338
Ashby Street Outdoor Holdings LLC   Delaware   45-0612137
Colorado Logos, Inc.   Colorado   84-1480715
Delaware Logos, L.L.C.   Delaware   51-0392715
Douglas Outdoor Advertising of GA, LLC   Georgia   58-1836737
Fairway CCO Indiana, LLC   Delaware   37-1930378
Fairway Media Group, LLC   Delaware   61-1689000
Fairway Outdoor Advertising, LLC   Delaware   27-1024919
Fairway Outdoor Funding, LLC   Delaware   80-0860317
Fairway Outdoor Funding Holdings, LLC   Delaware   32-0391426
Florida Logos, LLC   Florida   65-0671887
FMG Outdoor Holdings, LLC   Delaware   47-2472019
FMO Real Estate, LLC   Delaware   27-1226238
Georgia Logos, L.L.C.   Georgia   72-1469485
Interstate Logos, L.L.C.   Louisiana   72-1490893
Interstate Logos TRS, LLC   Delaware   35-2608807
Kansas Logos, Inc.   Kansas   48-1187701
Kentucky Logos, LLC   Kentucky   62-1839054
Lamar Advantage GP Company, LLC   Delaware   72-1490891
Lamar Advantage Holding Company   Delaware   76-0619569
Lamar Advantage LP Company, LLC   Delaware   76-0637519

 

- 2 -

Lamar Advantage Outdoor Company, L.P.   Delaware   74-2841299
Lamar Advertising of Colorado Springs, L.L.C.   Colorado   72-0931093
Lamar Advertising of Louisiana, L.L.C.   Louisiana   72-1462297
Lamar Advertising of Michigan, Inc.   Michigan   38-3376495
Lamar Advertising of Penn, LLC   Delaware   72-1462301
Lamar Advertising of South Dakota, L.L.C   South Dakota   46-0446615
Lamar Advertising of Youngstown, Inc.   Delaware   23-2669670
Lamar Advertising Southwest, Inc   Nevada   85-0113644
Lamar Air, L.L.C   Louisiana   72-1277136
Lamar Airport Advertising Company   Nevada   88-0237057
Lamar Central Outdoor, LLC   Delaware   20-2471691
Lamar Electrical, Inc.   Louisiana   72-1392115
LAMAR-Fairway Blocker 1, LLC   Delaware   47-2485214
LAMAR-Fairway Blocker 2, LLC   Delaware   47-2547019
Lamar Florida, L.L.C.   Florida   72-1467178
Lamar Investments, LLC   Delaware   46-4289458
Lamar Obie Company, LLC   Delaware   33-1109314
Lamar OCI North, L.L.C.   Delaware   38-2885263
Lamar OCI South Corporation   Mississippi   64-0520092
Lamar Ohio Outdoor Holding Corp.   Ohio   34-1597561
Lamar Pensacola Transit, Inc.   Florida   59-3391978
Lamar Service Company, LLC   Delaware   46-4284332
Lamar Tennessee, L.L.C.   Tennessee   72-1309007
Lamar Texas Limited Partnership   Texas   72-1309005
Lamar Transit, LLC   Delaware   46-4242858
Lamar TRS Holdings, LLC   Delaware   46-4248386
Louisiana Interstate Logos, L.L.C.   Louisiana   26-3654514
Magic Media/Lamar, LLC   Delaware   20-0768149

 

-3-

Magic Media Real Estate, LLC   Delaware   20-0768190
Maine Logos, L.L.C.   Maine   72-1492985
MCC Outdoor, LLC   Georgia   26-0274450
Michigan Logos, Inc.   Michigan   38-3071362
Minnesota Logos, Inc.   Minnesota   41-1800355
Mississippi Logos, L.L.C.   Mississippi   72-1469487
Missouri Logos, LLC   Missouri   72-1485587
Montana Logos, LLC   Montana   45-3444460
Nebraska Logos, Inc.   Nebraska   72-1137877
Nevada Logos, Inc   Nevada   88-0373108
New Hampshire Logos, L.L.C.   New Hampshire   83-2411570
New Jersey Logos, L.L.C.   New Jersey   72-1469048
New Mexico Logos, Inc.   New Mexico   85-0446801
Ohio Logos, Inc.   Ohio   72-1148212
Oklahoma Logos, L.L.C.   Oklahoma   72-1469103
Olympus Media/Indiana, LLC   Delaware   20-4368933
Outdoor Marketing Systems, L.L.C.   Pennsylvania   22-3315768
Outdoor Promotions West, LLC   Delaware   22-3598746
South Carolina Logos, Inc.   South Carolina   58-2152628
Tennessee Logos, Inc.   Tennessee   62-1649765
The Lamar Company, L.L.C.   Louisiana   72-1462298
TLC Farms, L.L.C   Louisiana   20-0634874
TLC Properties II, LLC   Texas   72-1336624
TLC Properties, Inc.   Louisiana   72-0640751
TLC Properties, L.L.C.   Louisiana   72-1417495
Triumph Outdoor Holdings, LLC   Delaware   13-3990438
Triumph Outdoor Rhode Island, LLC   Delaware   05-0500914
Utah Logos, Inc.   Utah   72-1148211

 

-4-

Virginia Logos, LLC   Virginia   62-1839208
Washington Logos, L.L.C.   Washington   73-1648809
Wisconsin Logos, LLC   Wisconsin   45-1837323

 

5321 Corporate Boulevard

Baton Rouge, Louisiana

   70808
(Address of principal executive offices)   (Zip code)

 

 

4.000% Senior Notes due 2030

and Guarantees of 4.000% Senior Notes due 2030

(Title of the indenture securities)

 

 

 

 

-5-

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, DC 20219
Federal Reserve Bank    San Francisco, CA 94105
Federal Deposit Insurance Corporation    Washington, DC 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”).

 

  1.

A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152875).

 

  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. 333-152875).

 

-6-

  4.

A copy of the existing by-laws of the trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-229762).

 

  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. 333-152875).

 

  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.

 

-7-

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 1st day of September, 2020.

 

THE BANK OF NEW YORK MELLON

TRUST COMPANY, N.A.

By:  

/s/ Manjari Purkayastha

  Name:   Manjari Purkayastha
  Title:   Vice President

 

-8-

EXHIBIT 7

Consolidated Report of Condition of

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

of 400 South Hope Street, Suite 500, Los Angeles, CA 90071

At the close of business June 30, 2020, 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

      1,667  

Interest-bearing balances

      325,776  

Securities:

 

Held-to-maturity securities

      0  

Available-for-sale securities

      148,395  

Equity securities with readily determinable fair values not held for trading

      0  

Federal funds sold and securities purchased under agreements to resell:

 

Federal funds sold in domestic offices

      0  

Securities purchased under agreements to resell

      0  

Loans and lease financing receivables:

 

Loans and leases held for sale

      0  

Loans and leases, held for investment

      0  

LESS: Allowance for loan and lease losses

      0  

Loans and leases held for investment, net of allowance

      0  

Trading assets

      0  

Premises and fixed assets (including capitalized leases)

      20,997  

Other real estate owned

      0  

Investments in unconsolidated subsidiaries and associated companies

      0  

Direct and indirect investments in real estate ventures

      0  

Intangible assets

      856,313  

Other assets

      100,715  
  

 

 

  

Total assets

    $ 1,453,863  
  

 

 

  

 

1

LIABILITIES

   

Deposits:

   

In domestic offices

      1,659  

Noninterest-bearing

      1,659  

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

      258,356  

Total liabilities

      260,015  

Not applicable

 

EQUITY CAPITAL

   

Perpetual preferred stock and related surplus

      0  

Common stock

      1,000  

Surplus (exclude all surplus related to preferred stock)

      324,174  

Not available

 

Retained earnings

      866,668  

Accumulated other comprehensive income

      2,006  

Other equity capital components

      0  

Not available

 

Total bank equity capital

      1,193,848  

Noncontrolling (minority) interests in consolidated subsidiaries

      0  

Total equity capital

      1,193,848  
  

 

 

  

Total liabilities and equity capital

      1,453,863  
  

 

 

  

I, Matthew J. McNulty, 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.

 

Matthew J. McNulty           )           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.

 

Antonio I. Portuondo, President   )  
Michael P. Scott, Managing Director   )   Directors (Trustees)
Kevin P. Caffrey, Managing Director   )  

 

2