EX-25.1 6 a2172619zex-25_1.htm EXHIBIT 25.1
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Exhibit 25.1

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)    o

SUNTRUST BANK
(Exact name of trustee as specified in its charter)

Georgia
(Jurisdiction of Incorporation of
organization if not a U.S. national bank)		   58-0466330
(I.R.S. employer
identification no.)

303 Peachtree Street, N.E.
30th Floor
Atlanta, Georgia
(Address of Principal Executive Offices)
 
30308
(Zip Code)

Jack Ellerin
SunTrust Bank
25 Park Place, N.E.
24th Floor Atlanta, Georgia 30303-2900
(404) 588-7296
(Name, address and telephone number of agent for service)

CAMERON INTERNATIONAL CORPORATION

Delaware
(State or other jurisdiction of
incorporation or organization)		   76-0451843
(IRS employer
identification no.)

1333 West Loop South
Suite 1700
Houston, Texas
(Address of principal executive offices)
 
77027
(Zip Code)

2.50% Convertible Senior Notes Due 2026
(Title of the indenture securities)

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.

      Department of Banking and Finance,
      State of Georgia
      Atlanta, Georgia

      Federal Reserve Bank of Atlanta
      1000 Peachtree Street N.E.
      Atlanta, Georgia

      Federal Deposit Insurance Corporation
      Washington, D.C.

    (b)
    Whether it is authorized to exercise corporate trust powers.

      Yes.

2.
Affiliations with the Obligor.

    If the obligor is an affiliate of the trustee, describe each such affiliation.

    None.

3-15
No responses are included for Items 3 through 15. As provided in General Instruction B, responses to those Items are not required because the obligor is not in default on any securities issued under indentures under which SunTrust Bank is a trustee.

16.
List of Exhibits.

    List below all exhibits filed as a part of this statement of eligibility; exhibits identified in parentheses are filed with the Commission and are incorporated herein by reference as exhibits hereto pursuant to Rule 7a-29 under the Trust Indenture Act of 1939, as amended, and Rule 24 of the Commission's Rules of Practice.

  (1)-(3)   A copy of the Articles of Amendment and Restated Articles of Association of SunTrust Bank as now in effect which contains the authority to commence business and a grant of power to exercise trust powers (Incorporated by reference to Exhibits 1-3 to Form T-1, Registration No. 333-82717).

 
(4)
 
A copy of the existing by-laws of the trustee as now in effect (Incorporated by reference to Exhibit 4 to Form T-1, Registration No. 333-128720).

 
(5)
 
Not applicable.

 
(6)
 
The consent of the trustee required by Section 321(b) of the Trust Indenture Act of 1939.

 
(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 as of the close of business on March 31, 2006.

 
(8)
 
Not applicable.

 
(9)
 
Not applicable.

2


SIGNATURE

        Pursuant to the requirements of the Trust Indenture Act of 1939, the trustee, SunTrust Bank, a banking corporation organized and existing under the laws of the State of Georgia, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Atlanta, and the State of Georgia, on the 14th day of August, 2006.


 
 
SUNTRUST BANK


 

 

By:

/s/  JACK ELLERIN      
Jack Ellerin Vice
President

3

EXHIBITS 1-3 TO FORM T-1

ARTICLES OF ASSOCIATION, CERTIFICATE OF AUTHORITY
AND TRUST POWERS AUTHORIZATION
OF
SUNTRUST BANK

(Incorporated by reference to Exhibits 1-3 to Form T-1, Registration No. 333-82717)

4

EXHIBIT 4 TO FORM T-1

BY-LAWS
OF
SUNTRUST BANK

(Incorporated by reference to Exhibit 4 to Form T-1, Registration No. 333-128720)

5

EXHIBIT 6 TO FORM T-1

CONSENT OF TRUSTEE

        Pursuant to the requirements of Section 321(b) of the Trust Indenture Act of 1939, in connection with the proposed issuance of 2.50% Convertible Senior Notes Due 2026 by Cameron International Corporation, SunTrust Bank hereby consents that reports of examinations by Federal, State, Territorial or District Authorities may be furnished by such authorities to the Securities and Exchange Commission upon request therefor.

    SUNTRUST BANK

 
 
By:
/s/  JACK ELLERIN      
Jack Ellerin Vice
President

6

EXHIBIT 7 TO FORM T-1

REPORT OF CONDITION
(ATTACHED)

7
SunTrust Bank
ATLANTA, GA 30302
Certificate Number: 00867		 FFIEC 031
Consolidated Report of Condition
for March 31, 2006

Consolidated Report of Condition for Insured Commercial
and State-Chartered Savings Banks for March 31, 2006

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 C400
Dollar Amounts in Thousands
    
    
    
    
    
ASSETS                    
1.   Cash and balances due from depository institutions (from Schedule RC-A):   RCFD        
                   
 
   
    a.   Noninterest bearing balances and currency and coin(1)   0081   4,256,262   1.a
                       
   
    b.   Interest-bearing balances(2)   0071   30,455   1.b
                       
   
2.   Securities:            
                       
   
    a.   Held-to-maturity securities (from Schedule RC-B, column A)   1754   0   2.a
                       
   
    b.   Available-for-sale securities (from Schedule RC-B, column D)   1773   24,867,626   2.b
                       
   
3.   Federal funds sold and securities purchased under agreements to resell(3)   B987   256,850   3
                    B989   4,516,872    
                       
   
4.   Loans and lease financing receivables (from Schedule RC-C):   RCFD                
           
 
           
    a.   Loans and leases held for sale   5369   9,334,538            
               
           
    b.   Loans and leases, net of unearned income   B528   118,318,804           4.a
               
           
    c.   LESS: Allowance for loan and lease losses   3123   1,038,012           4.b
               
           
    d.   Loans and leases, net of unearned income, allowance, and reserve   RCFD        
                   
 
   
        (item 4.a minus 4.b and 4.c)   B529   117,280,792   4.d
                       
   
5.   Tracing assets (from Schedule RC-D)   3545   1,997,854   5.
                       
   
6.   Premises and fixed assets (including capitalized leases)   2145   1,641,633   6.
                       
   
7.   Other real estate owned (from Schedule RC-M)   2150   64,007   7.
                       
   
8.   Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M)   2130   0   8.
                       
   
9.   Not applicable   2155       9.
                       
   
10.   Intangible assets:   2143       10.
                       
   
    a.   Goodwill   3163   6,436,293   10.a
                       
   
    b.   Other intangible assets from Schedule RC-M   0426   1,011,489   10.b
                       
   
11.   Other assets (from Schedule RC-F)   2160   6,586,880   11.
                       
   
12.   Total assets (sum of items 1 through 11)   2170   178,281,551   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 in domestic and foreign offices, regardless of maturity.

8
SunTrust Bank
ATLANTA, GA 30302
Certificate Number: 00867		 FFIEC 031
Consolidated Report of Condition
for March 31, 2006

Schedule RC—Continued

Dollar Amounts in Thousands
    
    
    
    
    
LIABILITIES                    
13.   Deposits:   RCON        
                   
 
   
    a.   In domestic offices (sum of totals of columns A and C from Schedule RC-E, part 1):   RCON       2200   115,233,834   13.a
           
 
     
   
        (1) Noninterest-bearing(4)   6631   10,852,326           13.a.
                            1
               
           
        (2) Interest-bearing   6636   104,408,508           13.a.
                            2
               
           
    b.   In foreign offices, Edge and Agreement subsidiaries, and IBFs   RCFN       13.b
                   
 
   
        (from Schedule RC-E, part II)   RCFN       2200   8,660,464    
           
 
     
   
        (1) Noninterest-bearing   6631   0           13.b.
                            1
               
           
        (2) Interest-bearing   6636   8,660,464   RCFD       13.b.
                   
       
                            2
               
           
14.   Federal funds purchased and securities sold under agreements to repurchase            
                       
   
    a.   Federal funds purchased in domestic offices(5)   B993   4,346,238   14
    b.   Securities sold under agreements to repurchase(6)   B995   10,563,185    
                       
   
                    RCFD        
                   
 
   
15.   Trading liabilities (from Schedule RC-D)   3548   1,390,913   15.a
                       
   
16.   Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases) (from Schedule RC-M):   3190   11,581,642    
                       
   
17.   Not applicable            
                       
   
18.   Not applicable   2920   18    
                       
   
19.   Subordinated notes and debentures(7)   3200   3,696,776   19
                       
   
20.   Other liabilities (from Schedule RC-G)   2930   3,839,966   20
                       
   
21.   Total liabilities (sum of items 13 through 20)   2948   159,313,018   21
                       
   
22.   Minority interest in consolidated subsidiaries   3000   475,298   22
                       
   
    EQUITY CAPITAL            
                       
   
23.   Perpetual preferred stock and related surplus   3838   0   23
                       
   
24.   Common stock   3230   21,600   24
                       
   
25.   Surplus (exclude all surplus related to preferred stock)   3839   11,318,880   25
                       
   
26.   a.   Retained earnings   3632   6,851,371   26.a
                       
   
    b.   Accumulated other comprehensive income(8)   B530   301,384   26.b
                       
   
27.   Other equity capital components(9)   A130   0   27
                       
   
28.   Total equity capital (sum of items 23 through 27)   3210   18,493,235   28
                       
   
29.   Total liabilities minority interest, and equity capital (sum of items 21, 22 and 28)   3300   178,281,551   29
                       
   

9

Memorandum
To be reported with the March Report of Condition.		                
1.   Indicated 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 2004   RCFD
6724		   Number
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
(1)
Includes cash items in process of collection.

(2)
Includes time certificates of deposit not held for trading.

(3)
Includes all securities resale agreements in domestic and foreign offices, regardless of maturity.

(4)
Includes total demand deposits and noninterest-bearing time and savings deposits.

(5)
Report overnight Federal Home Loan Bank advances and Schedule RC, item 16, "Other borrowed money."

(6)
Includes all securities repurchase agreements in domestic and foreign offices, regardless of maturity.

(7)
Includes limited-life preferred stock and related surplus.

(8)
Includes net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, cumulative foreign currency translation adjustments, and minimum pension liability adjustments.

(9)
Includes treasury stock and unearned Employee Stock Ownership Plan Shares.

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