EX-25.1 9 dex251.txt STATEMENT OF ELIGIBILITY ON FORM T-1 OF TRUSTEE 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 CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) [ ] FIRST UNION NATIONAL BANK (Exact name of trustee as specified in its charter) 22-1147033 (I.R.S. Employer Identification No.) 2 FIRST UNION CENTER, CHARLOTTE, NORTH CAROLINA (Address of principal executive offices) 28288-0201 (Zip Code) FIRST UNION NATIONAL BANK 12 EAST 49TH STREET, 37TH FLOOR NEW YORK, NEW YORK 10017 ATTENTION: CORPORATE TRUST ADMINISTRATION (212) 451-2533 (Name, address and telephone number of agent for service) YOUNG BROADCASTING INC. (Exact name of obligor as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 13-3339681 (I.R.S. Employer Identification No.) YOUNG BROADCASTING OF LANSING, INC. (Exact Name of Obligor as Specified in its Charter) Michigan (State or other jurisdiction of Incorporation or Organization) 38-2826434 (I.R.S. Employer Identification No.) YOUNG BROADCASTING OF LOUISIANA, INC. (Exact Name of Obligor as Specified in its Charter) Delaware (State or other jurisdiction of Incorporation or Organization) 13-3464633 (I.R.S. Employer Identification No.) YOUNG BROADCASTING OF NASHVILLE, INC. (Exact Name of Obligor as Specified in its Charter) Delaware (State or other jurisdiction of Incorporation or Organization) 62-1391810 (I.R.S. Employer Identification No.) YOUNG BROADCASTING OF ALBANY, INC. (Exact Name of Obligor as Specified in its Charter) Delaware (State or other jurisdiction of Incorporation or Organization) 14-1718758 (I.R.S. Employer Identification No.) WINNEBAGO TELEVISION CORPORATION (Exact Name of Obligor as Specified in its Charter) Illinois (State or other jurisdiction of Incorporation or Organization) 36-2239648 (I.R.S. Employer Identification No.) KLFY, L.P. (Exact Name of Obligor as Specified in its Charter) Delaware (State or other jurisdiction of Incorporation or Organization) 51-0325249 (I.R.S. Employer Identification No.) LAT, INC. (Exact Name of Obligor as Specified in its Charter) Delaware (State or other jurisdiction of Incorporation or Organization) 51-0325252 (I.R.S. Employer Identification No.) YBT, INC. (Exact Name of Obligor as Specified in its Charter) Delaware (State or other jurisdiction of Incorporation or Organization) 51-0325250 (I.R.S. Employer Identification No.) YOUNG BROADCASTING OF RICHMOND, INC. (Exact Name of Obligor as Specified in its Charter) Delaware (State or other jurisdiction of Incorporation or Organization) 51-0356703 (I.R.S. Employer Identification No.) YOUNG BROADCASTING OF GREEN BAY, INC. (Exact Name of Obligor as Specified in its Charter) Delaware (State or other jurisdiction of Incorporation or Organization) 51-0356704 (I.R.S. Employer Identification No.) YOUNG BROADCASTING OF KNOXVILLE, INC. (Exact Name of Obligor as Specified in its Charter) Delaware (State or other jurisdiction of Incorporation or Organization) 51-0356702 (I.R.S. Employer Identification No.) YBK, INC. (Exact Name of Obligor as Specified in its Charter) Delaware (State or other jurisdiction of Incorporation or Organization) 51-0356705 (I.R.S. Employer Identification No.) HONEY BUCKET FILMS, INC. (Exact Name of Obligor as Specified in its Charter) Delaware (State or other jurisdiction of Incorporation or Organization) 13-4062522 (I.R.S. Employer Identification No.) ADAM YOUNG INC. (Exact Name of Obligor as Specified in its Charter) Delaware (State or other jurisdiction of Incorporation or Organization) 13-1516500 (I.R.S. Employer Identification No.) YOUNG BROADCASTING OF SAN FRANCISCO, INC. (Exact Name of Obligor as Specified in its Charter) Delaware (State or other jurisdiction of Incorporation or Organization) 52-2242171 (I.R.S. Employer Identification No.) FIDELITY TELEVISION, INC. (Exact Name of Obligor as Specified in its Charter) California (State or other jurisdiction of Incorporation or Organization) 95-6140187 (I.R.S. Employer Identification No.) YOUNG BROADCASTING OF LOS ANGELES, INC. (Exact Name of Obligor as Specified in its Charter) Delaware (State or other jurisdiction of Incorporation or Organization) 13-3914036 (I.R.S. Employer Identification No.) YOUNG BROADCASTING OF RAPID CITY, INC. (Exact Name of Obligor as Specified in its Charter) Delaware (State or other jurisdiction of Incorporation or Organization) 13-3884784 (I.R.S. Employer Identification No.) YOUNG BROADCASTING OF SIOUX FALLS, INC. (Exact Name of Obligor as Specified in its Charter) Delaware (State or other jurisdiction of Incorporation or Organization) 13-3884783 (I.R.S. Employer Identification No.) YOUNG BROADCASTING OF DAVENPORT, INC. (Exact Name of Obligor as Specified in its Charter) Delaware (State or other jurisdiction of Incorporation or Organization) 13-3858546 (I.R.S. Employer Identification No.) WATE, G.P. (Exact Name of Obligor as Specified in its Charter) Delaware (State or other jurisdiction of Incorporation or Organization) 51-0356837 (I.R.S. Employer Identification No.) WKRN, G.P. (Exact Name of Obligor as Specified in its Charter) Delaware (State or other jurisdiction of Incorporation or Organization) 13-3577063 (I.R.S. Employer Identification No.) 599 Lexington Avenue New York, New York (Address of principal executive offices) 10022 (Zip Code) 8-1/2% Senior Notes due 2008 (Title of indenture securities) 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: Comptroller of the Currency United States Department of the Treasury Washington, D.C. 20219 Federal Reserve Bank Richmond, Virginia 23219 Federal Deposit Insurance Corporation Washington, D.C. 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") and 17 C.F.R. 229.10(d). 1. Copy of Articles of Association of the trustee as now in effect. (Previously filed with the Securities and Exchange Commission on March 16, 1998 as an Exhibit to Form T-1 in connection with Registration Statement Number 333-47985.) 2. Copy of the Certificate of the Comptroller of the Currency dated March 4, 1998, evidencing the authority of the trustee to transact business. (Previously filed with the Securities and Exchange Commission on July 15, 1998 as an Exhibit to Form T-1 in connection with Registration Statement Number 333-59145.) 3. Copy of the Certification of Fiduciary Powers of the trustee by the Office of the Comptroller of the Currency dated April 7, 1999. (Previously filed with the Securities and Exchange Commission on May 20, 1999 in connection with Registration Statement Number 333-78927.) 4. Copy of existing by-laws of the trustee.(Previously filed with the Securities and Exchange Commission on April 30, 2001 in connection with Registration Statement Number 333-59848.) 6. Consent of the trustee required by Section 321(b) of the Act. (Previously filed with the Securities and Exchange Commission on April 30, 2001 in connection with Registration Statement Number 333-59848.) 7. Copy of latest report of condition of the trustee published pursuant to the requirements of its supervising authority. (Filed herewith.) NOTE The trustee disclaims responsibility for the accuracy or completeness of information contained in this Statement of Eligibility not known to the trustee and not obtainable by it through reasonable investigation and as to which information it has obtained from the obligor and has had to rely or will obtain from the principal underwriters and will have to rely. SIGNATURE Pursuant to the requirements of the Trust Indenture Act of 1939,the trustee, First Union National Bank, 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 New York and State of New York, on the 25th day of January, 2002. FIRST UNION NATIONAL BANK By: /s/ DAVID MASSA ---------------------------- Name: DAVID MASSA Title: VICE PRESIDENT REPORT OF CONDITION EXHIBIT 7 Consolidating domestic and foreign subsidiaries of the First Union National Bank, Charlotte, North Carolina, at the close of business on December 31, 2000 published in response to call made by Comptroller of the Currency, under title 12, United States Code, Section 161. Charter Number 22693 Comptroller of the Currency. Statement of Resources and Liabilities
ASSETS Thousand of Dollars Cash and balance due from depository institutions: Noninterest-bearing balances and currency and coin ........................ 10,052,000 Interest bearing balances ................................................. 3,207,000 Securities .................................................................. ///////// Held-to-maturity securities ............................................. 1,529,000 Available-for-sale securities ........................................... 46,184,000 Federal funds sold and securities purchases to resell ....................... 6,010,000 Loans and lease financing receivables: Loans and leases, net of unearned income ..............131,252,000 LESS: Allowance for loan and lease losses ............. 1,706,000 LESS: Allocated transfer risk reserve ................. 0 Loans and leases, net of unearned income, allowance, and reserve ...........................................129,546,000 Trading assets .............................................................. 16,578,000 Premises and fixed assets (including capitalized leases) .................... 2,849,000 Other real estate owned ..................................................... 91,000 Investment in unconsolidated subsidiaries and associated companies .......... 264,000 Customer's liability to this bank on acceptances outstanding ................ 873,000 Intangible assets ........................................................... 2,791,000 Other assets ................................................................ 11,863,000 Total assets ................................................................ 231,837,000 LIABILITIES Deposits: In domestic offices .................................................... 134,399,000 Noninterest-bearing .................................................. 21,026,000 Interest-bearing ..................................................... 113,373,000 In foreign offices, Edge and Agreement subsidiaries, and IBFs .......... 12,567,000 Noninterest-bearing .................................................. 48,000 Interest-bearing ..................................................... 12,519,000 Federal funds purchased and securities sold under agreements to repurchase .. 21,452,000 Demand notes issued to the U.S. Treasury .................................... 979,000 Trading liabilities ......................................................... 9,919,000 Other borrowed money: ....................................................... ///////// With a remaining maturity of one year or less ......................... 14,559,000 With a remaining maturity of more than 1 year thru 3 yrs .............. 4,649,000 With a maturity of more than three years .............................. 2,928,000 Not applicable .............................................................. //////// Bank's liability on acceptances executed and outstanding .................... 879,000 Subordinated notes and debentures ........................................... 5,992,000 Other liabilities ........................................................... 8,310,000 Total liabilities ........................................................... 216,633,000 Not applicable .............................................................. ///////////
EQUITY CAPITAL Perpetual preferred stock and related surplus ............................... 161,000 Common Stock ................................................................ 455,000 Surplus ..................................................................... 13,306,000 Undivided profits and capital reserves ...................................... 1,467,000 Net unrealized holding gains (losses) on available-for-sale securities ...... (178,000) Accumulated net gains (loses on cash flow hedges ............................ 0 Cumulative foreign currency translation adjustments ......................... (7,000) Total equity capital ........................................................ 15,204,000 Total liabilities and equity capital ........................................ 231,837,000