EX-25.1 11 dex251.htm FORM T-1 Form T-1

EXHIBIT 25.1

 

Conformed Copy

 

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)

 

HSBC Bank USA

(Exact name of trustee as specified in its charter)

 

New York

 

13-2774727

(Jurisdiction of incorporation

or organization if not a U.S.

national bank)

 

(I.R.S. Employer

Identification No.)

452 Fifth Avenue, New York, NY

 

10018-2706

(212) 525-5600

 

(Zip Code)

(Address of principal executive offices)

   

 

Warren L. Tischler, Senior Vice President

HSBC Bank USA

452 Fifth Avenue

New York, New York 10018-2706

Tel: (212) 525-1311

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

 

Dan River Inc.

(Exact name of obligor as specified in its charter)

 

Georgia

 

58-1854637

(State or other jurisdiction

of incorporation or organization)

 

(I.R.S. Employer

Identification No.)

2291 Memorial Drive

   

Danville, Virginia

 

24541

(434) 799-7000

 

(Zip Code)

(Address of principal executive offices)

   

 

12¾% Senior Notes due 2009

(Title of Indenture Securities)


 

General

 

Item 1.

  

General Information

    

Furnish the following information as to the trustee:

    

(a) Name and address of each examining or supervisory authority to which it is subject.

    

State of New York Banking Department.

    

Federal Deposit Insurance Corporation, Washington, D.C.

    

Board of Governors of the Federal Reserve System, Washington, D.C.

    

(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

 

Exhibit

         

T1A(i)

  

(1)

  

Copy of the Organization Certificate of HSBC Bank USA.

T1A(ii)

  

(1)

  

Certificate of the State of New York Banking Department dated December 31, 1993 as to the authority of HSBC Bank USA to commence business as amended effective on March 29, 1999.

T1A(iii)

       

Not applicable.

T1A(iv)

  

(3)

  

Copy of the existing By-Laws of HSBC Bank USA as as amended on April 11, 2002.

T1A(v)

       

Not applicable.

T1A(vi)

  

(2)

  

Consent of HSBC Bank USA required by Section 321(b) of the Trust Indenture Act of 1939.

T1A(vii)

       

Copy of the latest report of condition of the trustee (December 31, 2002), published pursuant to law or the requirement of its supervisory or examining authority.

T1A(viii)

       

Not applicable.

T1A(ix)

       

Not applicable.


(1)   Exhibits previously filed with the Securities and Exchange Commission with registration No. 022-22429 and incorporated herein by reference thereto.
(2)   Exhibit previously filed with the Securities and Exchange Commission with Registration No. 33-53693 and incorporated herein by reference thereto.
(3)   Exhibit previously filed with the Securities and Exchange Commission with Registration No. 333-88532 and incorporated herein by reference thereto.


 

SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, HSBC Bank USA, a banking corporation and trust company organized under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York and State of New York on the 22nd of May, 2003.

 

HSBC BANK USA

By:

 

/s/ Frank J. Godino


Frank J. Godino

            Vice President

 


Exhibit T1A (vii)

 

    

Board of Governors of the Federal Reserve System

OMB Number: 7100-0036

Federal Deposit Insurance Corporation

OMB Number: 3064-0052

Office of the Comptroller of the Currency

OMB Number: 1557-0081


Federal Financial Institutions Examination Council

  

Expires March 31, 2005

    

Please refer to page i,                                         1

Table of Contents, for

the required disclosure

of estimated burden.


 

Consolidated Reports of Condition and Income for

A Bank With Domestic and Foreign Offices—FFIEC 031

(19980930)

(RCRI 9999)

Report at the close of business December 31, 2002

 

This report is required by law; 12 U.S.C. §324 (State member banks); 12 U.S.C. § 1817 (State nonmember banks); and 12 U.S.C. §161 (National banks).

 

This report form is to be filed by banks with branches and consolidated subsidiaries in U.S. territories and possessions, Edge or Agreement subsidiaries, foreign branches, consolidated foreign subsidiaries, or International Banking Facilities.

NOTE: The Reports of Condition and Income must be signed by an authorized officer and the Report of Condition must be attested to by not less than two directors (trustees) for State nonmember banks and three directors for State member and National Banks.

 

The Reports of Condition and Income are to be prepared in accordance with Federal regulatory authority instructions.

I, Gerald A. Ronning, Executive VP & Controller


    Name and Title of Officer Authorized to Sign Report

 

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

 

Of the named bank do hereby declare that these Reports of Condition and Income (including the supporting schedules) 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 believe.

   

/s/ Gerald A. Ronning


 

/s/ Youssef Nasr


Signature of Officer Authorized to Sign Report

 

Director (Trustee)

2/14/03


 

/s/ Bernard J. Kennedy


Date of Signature

 

Director (Trustee)

   

/s/ Sal H. Alfieri


   

Director (Trustee)


Submission of Reports

   

Each Bank must prepare its Reports of Condition and Income either:

 

For electronic filing assistance, contact EDS Call report Services, 2150 N. Prospect Ave., Milwaukee, WI 53202, telephone (800) 255-1571.

(a)    in electronic form and then file the computer data file directly with the banking agencies’ collection agent, Electronic Data System Corporation (EDS), by modem or computer diskette; or

 

b)     in hard-copy (paper) form and arrange for another party to convert the paper report to automated for. That party (if other than EDS) must transmit the bank’s computer data file to EDS.

 

To fulfill the signature and attestation requirement for the Reports of Condition and Income for this report date, attach this signature page to the hard-copy f the completed report that the bank places in its files.


FDIC Certificate Number        0        0        5        8         9

   

(RCRI 9030)

   

 

http://WWW.BANKING.US.HSBC.COM


 

HSBC Bank USA


Primary Internet Web Address of Bank (Home Page), if any (TEXT 4087)

(Example: www.examplebank.com)

 

Legal Title of Bank (TEXT 9010)

   

Buffalo


   

City (TEXT 9130)

   

N.Y.                                                                     14203


   

State Abbrev. (TEXT 9200)                                        ZIP Code (TEXT 9220)

 

 


 

Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency


 

REPORT OF CONDITION

 

Consolidated domestic subsidiaries

HSBC Bank USA

 

of Buffalo


Name of Bank

 

City    

 

in the state of New York, at the close of business December 31, 2002

 

    

Thousands of dollars

ASSETS

             

Cash and balances due from depository institutions:

             

a. Non-interest-bearing balances currency and coin

         

$

2,079,940

b. Interest-bearing balances

         

 

707,840

Held-to-maturity securities

         

 

4,372,512

Available-for-sale securities

         

 

13,701,218

Federal funds sold and securities purchased under agreements to resell:

             

a. Federal funds sold in domestic offices

         

 

600,000

b. Securities purchased under agreements to resell

         

 

2,142,943

Loans and lease financing receivables:

             

Loans and leases held for sale

         

$

2,490,206

Loans and leases net of unearned income

  

$

41,038,074

      

LESS: Allowance for loan and lease losses

  

 

491,801

      

Loans and lease, net of unearned income, allowance, and reserve

         

$

40,546,273

Trading assets

         

 

13,243,465

Premises and fixed assets

         

 

723,647

Other real estate owned

         

 

14,823

Investments in unconsolidated subsidiaries

         

 

245,614

Customers’ liability to this bank on acceptances outstanding

         

 

98,526

Intangible assets: Goodwill

         

 

2,224,573

Intangible assets: Other intangible assets

         

 

404,242

Other assets

         

 

2,819,947

Total assets

         

 

86,415,769

LIABILITIES

             

Deposits:

             

In domestic offices

         

 

40,034,925

Non-interest-bearing

  

 

5,682,618

      

Interest-bearing

  

 

34,352,307

      

In foreign offices

         

 

20,129,661

Non-interest-bearing

  

 

397,743

      

Interest-bearing

  

 

19,731,918

      

Federal funds purchased and securities sold under agreements to repurchase:

             

a. Federal funds purchased in domestic offices

         

 

656,181

b. Securities sold under agreements to repurchase

         

 

552,583

Trading Liabilities

         

 

7,696,329


 

Other borrowed money

  

5,361,189

Bank’s liability on acceptances

  

98,526

Subordinated notes and debentures

  

1,549,034

Other liabilities

  

3,048,561

    

Total liabilities

  

79,126,989

    

Minority Interests in consolidated Subsidiaries

  

173

EQUITY CAPITAL

    

Perpetual preferred stock and related surplus

  

—  

Common Stock

  

205,000

Surplus

  

6,454,612

Retained earnings

  

384,408

Accumulated other comprehensive income

  

244,587

Other equity capital components

  

—  

Total equity capital

  

7,288,607

Total liabilities, minority interests and equity capital

  

86,415,769