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)
U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)
31-0841368
I.R.S. Employer Identification No.
800 Nicollet Mall Minneapolis, Minnesota | 55402 | |
| (Address of principal executive offices) | (Zip Code) |
Beverly A. Freeney
U.S. Bank National Association
100 Wall Street, Suite 1600
New York, NY 10005
(212) 361-2893
(Name, address and telephone number of agent for service)
BERRY PLASTICS GROUP, INC.
(Issuer with respect to the Securities)
SEE TABLE OF ADDITIONAL REGISTRANTS
| Delaware | 20-5234618 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |
101 Oakley Street Evansville, IN | 47710 | |
| (Address of Principal Executive Offices) | (Zip Code) | |
BERRY PLASTICS CORPORATION
(Issuer with respect to the Securities)
| Delaware | 35-1814673 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
101 Oakley Street Evansville, IN | 47710 | |
| (Address of Principal Executive Offices) | (Zip Code) |
TABLE OF ADDITIONAL REGISTRANTS
Exact Name of Registrant as Specified in Its Charter* | State or Other Jurisdiction of Incorporation or Organization | I.R.S. Employer Identification No. | ||
| AeroCon, LLC | Delaware | 35-1948748 | ||
| Berry Plastics Acquisition Corporation V | Delaware | 36-4509933 | ||
| Berry Plastics Acquisition Corporation IX | Delaware | 35-2184302 | ||
| Berry Plastics Acquisition Corporation XI | Delaware | 35-2184300 | ||
| Berry Plastics Acquisition Corporation XII | Delaware | 35-2184299 | ||
| Berry Plastics Acquisition Corporation XIII | Delaware | 35-2184298 | ||
| Berry Plastics Acquisition Corporation XV, LLC | Delaware | 35-2184293 | ||
| Berry Plastics Acquisition LLC X | Delaware | 35-2184301 | ||
| Berry Plastics Design, LLC | Delaware | 62-1689708 | ||
| Berry Plastics Filmco, Inc. | Delaware | 34-1848686 | ||
| Berry Plastics IK, LLC | Delaware | 42-1382173 | ||
| Berry Plastics Opco, Inc. | Delaware | 30-0120989 | ||
| Berry Plastics SP, Inc. | Delaware | 52-1444795 | ||
| Berry Plastics Technical Services, Inc. | Delaware | 57-1029638 | ||
| Berry Sterling Corporation | Delaware | 54-1749681 | ||
| BPRex Closures Kentucky Inc. | Delaware | 56-2209554 | ||
| BPRex Closures, LLC | Delaware | 27-4579074 | ||
| BPRex Closure Systems, LLC | Delaware | 27-4588544 | ||
| BPRex Delta Inc. | Delaware | 71-0725503 | ||
| Caplas LLC | Delaware | 20-3888603 | ||
| Caplas Neptune, LLC | Delaware | 20-5557864 | ||
| Captive Plastics, LLC | Delaware | 22-1890735 | ||
| Captive Plastics Holdings, LLC | Delaware | 20-1290475 | ||
| Cardinal Packaging, Inc. | Delaware | 34-1396561 | ||
| Covalence Specialty Adhesives LLC | Delaware | 20-4104683 | ||
| Covalence Specialty Coatings LLC | Delaware | 20-4104683 | ||
| CPI Holding Corporation | Delaware | 34-1820303 | ||
| Grafco Industries Limited Partnership | Maryland | 52-1729327 | ||
| Kerr Group, LLC | Delaware | 95-0898810 | ||
| Knight Plastics, LLC | Delaware | 35-2056610 | ||
| Packerware, LLC | Delaware | 48-0759852 | ||
| Pescor, Inc. | Delaware | 74-3002028 | ||
| Pliant Corporation International | Utah | 87-0473075 | ||
| Pliant, LLC | Delaware | 43-2107725 | ||
| Poly-Seal, LLC | Delaware | 52-0892112 | ||
| Prime Label & Screen Incorporated | Wisconsin | 39-1741360 | ||
| Rollpak Corporation | Delaware | 35-1582626 | ||
| Saffron Acquisition, LLC | Delaware | 94-3293114 | ||
| Seal for Life Industries, LLC | Delaware | 46-1748055 | ||
| Setco, LLC | Delaware | 56-2374074 | ||
| Sun Coast Industries, LLC | Delaware | 59-1952968 | ||
| Uniplast Holdings, LLC | Delaware | 13-3999589 | ||
| Uniplast U.S., Inc. | Delaware | 04-3199066 | ||
| Venture Packaging, Inc. | Delaware | 51-0368479 | ||
| Venture Packaging Midwest, Inc. | Delaware | 34-1809003 |
| * | All additional registrants have the following principal executive office: |
c/o Berry Plastics Corporation
101 Oakley Street,
Evansville, Indiana 47710
Debt Securities
(Title of the Indenture Securities)
FORM T-1
| Item 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. |
Comptroller of the Currency
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
| Items 3-15 | Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee. |
| Item 16. | LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification. |
| 1. | A copy of the Articles of Association of the Trustee.* |
| 2. | A copy of the certificate of authority of the Trustee to commence business.** |
| 3. | A copy of the certificate of authority of the Trustee to exercise corporate trust powers.** |
| 4. | A copy of the existing bylaws of the Trustee.** |
| 5. | A copy of each Indenture referred to in Item 4. Not applicable. |
| 6. | The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6. |
| 7. | Report of Condition of the Trustee as of December 31, 2013 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7. |
| * | Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005. |
| ** | Incorporated by reference to Exhibit 25.1 to registration statement on S-4, Registration Number 333-166527 filed on May 5, 2010. |
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York, State of New York on the 1st of May, 2014.
| By: | /s/ Beverly A. Freeney | |
| Beverly A. Freeney | ||
| Vice President |
Exhibit 6
CONSENT
In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.
Dated: May 1, 2014
| By: | /s/ Beverly A. Freeney | |
| Beverly A. Freeney | ||
| Vice President |
Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 12/31/2013
($000’s)
| 12/31/2013 | ||||
Assets | ||||
Cash and Balances Due From Depository Institutions | $ | 8,472,724 | ||
Securities | 79,357,671 | |||
Federal Funds | 76,693 | |||
Loans & Lease Financing Receivables | 232,699,923 | |||
Fixed Assets | 4,466,915 | |||
Intangible Assets | 13,365,332 | |||
Other Assets | 22,039,020 | |||
|
| |||
Total Assets | $ | 360,478,278 | ||
Liabilities | ||||
Deposits | $ | 271,150,926 | ||
Fed Funds | 2,539,914 | |||
Treasury Demand Notes | 0 | |||
Trading Liabilities | 432,300 | |||
Other Borrowed Money | 29,623,570 | |||
Acceptances | 0 | |||
Subordinated Notes and Debentures | 5,586,320 | |||
Other Liabilities | 11,722,618 | |||
|
| |||
Total Liabilities | $ | 321,055,648 | ||
Equity | ||||
Common and Preferred Stock | 18,200 | |||
Surplus | 14,231,212 | |||
Undivided Profits | 24,312,465 | |||
Minority Interest in Subsidiaries | $ | 860,753 | ||
|
| |||
Total Equity Capital | $ | 39,422,630 | ||
Total Liabilities and Equity Capital | $ | 360,478,278 | ||