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) ¨
THE BANK OF NEW YORK MELLON
(Exact name of trustee as specified in its charter)
| | |
New York | | 13-5160382 |
(Jurisdiction of incorporation if not a U.S. national bank) | | (I.R.S. employer identification no.) |
| |
One Wall Street, New York, N.Y. | | 10286 |
(Address of principal executive offices) | | ((Zip code) |
Asbury Automotive Group, Inc.
(Exact name of obligor as specified in its charter)
| | |
Delaware | | (01-0609375 |
(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 of Incorporation or Organization | | IRS Employer Identification Number |
| | |
AF Motors L.L.C. | | Delaware | | 59-3604214 |
| | |
ANL L.P. | | Delaware | | 59-3503188 |
| | |
Arkansas Automotive Services, L.L.C. | | Delaware | | 27-1386071 |
| | |
Asbury AR Niss L.L.C. | | Delaware | | 84-1666361 |
| | |
Asbury Atlanta AC L.L.C. | | Delaware | | 58-2241119 |
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Asbury Atlanta AU L.L.C. | | Delaware | | 58-2241119 |
| | |
Asbury Atlanta BM L.L.C. | | Delaware | | 58-2241119 |
| | |
Asbury Atlanta Chevrolet L.L.C. | | Delaware | | 58-2241119 |
| | |
Asbury Atlanta Hon L.L.C. | | Delaware | | 58-2241119 |
| | |
Asbury Atlanta Inf L.L.C. | | Delaware | | 58-2241119 |
| | |
Asbury Atlanta Infiniti L.L.C. | | Delaware | | 58-2241119 |
| | |
Asbury Atlanta Jaguar L.L.C. | | Delaware | | 58-2241119 |
| | |
Asbury Atlanta Lex L.L.C. | | Delaware | | 58-2241119 |
| | |
Asbury Atlanta Nis L.L.C. | | Delaware | | 58-2241119 |
| | |
Asbury Atlanta Toy L.L.C. | | Delaware | | 26-2192047 |
| | |
Asbury Atlanta VL L.L.C. | | Delaware | | 58-2241119 |
| | |
Asbury Automotive Arkansas Dealership Holdings L.L.C. | | Delaware | | 71-0817515 |
| | |
Asbury Automotive Arkansas L.L.C. | | Delaware | | 71-0817514 |
| | |
Asbury Automotive Atlanta II L.L.C. | | Delaware | | 26-1923764 |
| | |
Asbury Automotive Atlanta L.L.C. | | Delaware | | 58-2241119 |
| | |
Asbury Automotive Brandon, L.P. | | Delaware | | 59-3584655 |
| | |
Asbury Automotive Central Florida, L.L.C. | | Delaware | | 59-3580818 |
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| | | | |
Exact Name of Registrant as Specified in its Charter | | State of Incorporation or Organization | | IRS Employer Identification Number |
| | |
Asbury Automotive Deland, L.L.C. | | Delaware | | 59-3604210 |
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Asbury Automotive Fresno L.L.C. | | Delaware | | 03-0508496 |
| | |
Asbury Automotive Group L.L.C. | | Delaware | | 23-2790555 |
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Asbury Automotive Jacksonville GP L.L.C. | | Delaware | | 59-3512660 |
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Asbury Automotive Jacksonville, L.P. | | Delaware | | 59-3512662 |
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Asbury Automotive Management L.L.C. | | Delaware | | 23-3006304 |
| | |
Asbury Automotive Mississippi L.L.C. | | Delaware | | 64-0924573 |
| | |
Asbury Automotive North Carolina Dealership Holdings L.L.C. | | Delaware | | 56-2106587 |
| | |
Asbury Automotive North Carolina L.L.C. | | Delaware | | 52-2106838 |
| | |
Asbury Automotive North Carolina Management L.L.C. | | Delaware | | 52-2106838 |
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Asbury Automotive North Carolina Real Estate Holdings L.L.C. | | Delaware | | 23-2983952 |
| | |
Asbury Automotive Oregon L.L.C. | | Delaware | | 52-2106837 |
| | |
Asbury Automotive Southern California L.L.C. | | Delaware | | 16-1676796 |
| | |
Asbury Automotive St. Louis II L.L.C. | | Delaware | | 26-2753770 |
| | |
Asbury Automotive St. Louis, L.L.C. | | Delaware | | 43-1767192 |
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Asbury Automotive Tampa GP L.L.C. | | Delaware | | 13-3990508 |
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Asbury Automotive Tampa, L.P. | | Delaware | | 13-3990509 |
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Asbury Automotive Texas L.L.C. | | Delaware | | 13-3997031 |
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Asbury Automotive Texas Real Estate Holdings L.L.C. | | Delaware | | 11-3816183 |
| | |
Asbury Deland Imports 2, L.L.C. | | Delaware | | 59-3629420 |
| | |
Asbury Fresno Imports L.L.C. | | Delaware | | 03-0508500 |
| | |
Asbury Jax AC, L.L.C. | | Delaware | | 45-0551011 |
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| | | | |
Exact Name of Registrant as Specified in its Charter | | State of Incorporation or Organization | | IRS Employer Identification Number |
| | |
Asbury Jax Holdings, L.P. | | Delaware | | 59-3516633 |
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Asbury Jax Hon L.L.C. | | Delaware | | 02-0811016 |
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Asbury Jax K, L.L.C. | | Delaware | | 36-4572826 |
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Asbury Jax Management L.L.C. | | Delaware | | 59-3503187 |
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Asbury Jax VW, L.L.C. | | Delaware | | 02-0811020 |
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Asbury MS Chev, L.L.C. | | Delaware | | 06-1749057 |
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Asbury MS Gray-Daniels L.L.C. | | Delaware | | 64-0939974 |
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Asbury No Cal Niss L.L.C. | | Delaware | | 05-0605055 |
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Asbury Sacramento Imports L.L.C. | | Delaware | | 33-1080505 |
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Asbury So Cal DC L.L.C. | | Delaware | | 33-1080498 |
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Asbury So Cal Hon L.L.C. | | Delaware | | 33-1080502 |
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Asbury So Cal Niss L.L.C. | | Delaware | | 59-3781893 |
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Asbury St. Louis Cadillac L.L.C. | | Delaware | | 43-1767192 |
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Asbury St. Louis FSKR, L.L.C. | | Delaware | | 27-1076730 |
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Asbury St. Louis Lex L.L.C. | | Delaware | | 43-1767192 |
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Asbury St. Louis LR L.L.C. | | Delaware | | 43-1799300 |
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Asbury St. Louis M, L.L.C. | | Delaware | | 27-3214624 |
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Asbury Tampa Management L.L.C. | | Delaware | | 59-2512657 |
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Asbury Texas D FSKR, L.L.C. | | Delaware | | 27-1076393 |
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Asbury Texas H FSKR, L.L.C. | | Delaware | | 27-1076640 |
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Asbury-Deland Imports L.L.C. | | Delaware | | 59-3604213 |
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Atlanta Real Estate Holdings L.L.C. | | Delaware | | 58-2241119 |
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Avenues Motors, Ltd. | | Florida | | 59-3381433 |
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Bayway Financial Services, L.P. | | Delaware | | 59-3503190 |
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Exact Name of Registrant as Specified in its Charter | | State of Incorporation or Organization | | IRS Employer Identification Number |
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BFP Motors L.L.C. | | Delaware | | 30-0217335 |
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C&O Properties, Ltd. | | Florida | | 59-2495022 |
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Camco Finance II L.L.C. | | Delaware | | 52-2106838 |
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CFP Motors, Ltd. | | Florida | | 65-0414571 |
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CH Motors, Ltd. | | Florida | | 59-3185442 |
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CHO Partnership, Ltd. | | Florida | | 59-3041549 |
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CK Chevrolet LLC | | Delaware | | 59-3580820 |
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CK Motors LLC | | Delaware | | 59-3580825 |
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CN Motors, Ltd. | | Florida | | 59-3185448 |
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Coggin Automotive Corp. | | Florida | | 59-1285803 |
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Coggin Cars L.L.C. | | Delaware | | 59-3624906 |
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Coggin Chevrolet L.L.C. | | Delaware | | 59-3624905 |
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Coggin Management, L.P. | | Delaware | | 59-3503191 |
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CP-GMC Motors, Ltd. | | Florida | | 59-3185453 |
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Crown Acura/Nissan, LLC | | North Carolina | | 56-1975265 |
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Crown CHH L.L.C. | | Delaware | | 52-2106838 |
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Crown CHO L.L.C. | | Delaware | | 84-1617218 |
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Crown CHV L.L.C. | | Delaware | | 52-2106838 |
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Crown FDO L.L.C. | | Delaware | | 04-3623132 |
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Crown FFO Holdings L.L.C. | | Delaware | | 56-2182741 |
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Crown FFO L.L.C. | | Delaware | | 56-2165412 |
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Crown GAC L.L.C. | | Delaware | | 52-2106838 |
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Crown GBM L.L.C. | | Delaware | | 52-2106838 |
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Crown GCA L.L.C. | | Delaware | | 14-1854150 |
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| | | | |
Exact Name of Registrant as Specified in its Charter | | State of Incorporation or Organization | | IRS Employer Identification Number |
| | |
Crown GDO L.L.C. | | Delaware | | 52-2106838 |
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Crown GHO L.L.C. | | Delaware | | 52-2106838 |
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Crown GNI L.L.C. | | Delaware | | 52-2106838 |
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Crown GPG L.L.C. | | Delaware | | 52-2106838 |
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Crown GVO L.L.C. | | Delaware | | 52-2106838 |
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Crown Honda, LLC | | North Carolina | | 56-1975264 |
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Crown Motorcar Company L.L.C. | | Delaware | | 62-1860414 |
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Crown PBM L.L.C. | | Delaware | | 14-2004771 |
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Crown RIA L.L.C. | | Delaware | | 52-2106838 |
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Crown RIB L.L.C. | | Delaware | | 56-2125835 |
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Crown SJC L.L.C. | | Delaware | | 81-0630983 |
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Crown SNI L.L.C. | | Delaware | | 30-0199361 |
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CSA Imports L.L.C. | | Delaware | | 59-3631079 |
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Escude-NN L.L.C. | | Delaware | | 64-0922808 |
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Escude-NS L.L.C. | | Delaware | | 64-0922811 |
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Escude-T L.L.C. | | Delaware | | 64-0922812 |
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Florida Automotive Services L.L.C. | | Delaware | | 26-3828097 |
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HFP Motors L.L.C. | | Delaware | | 06-1631102 |
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JC Dealer Systems L.L.C. | | Delaware | | 58-2628641 |
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KP Motors L.L.C. | | Delaware | | 06-1629064 |
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McDavid Austin-Acra, L.L.C. | | Delaware | | 11-3816170 |
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McDavid Frisco-Hon, L.L.C. | | Delaware | | 11-3816176 |
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McDavid Grande, L.L.C. | | Delaware | | 11-3816168 |
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McDavid Houston-Hon, L.L.C. | | Delaware | | 11-3816178 |
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Exact Name of Registrant as Specified in its Charter | | State of Incorporation or Organization | | IRS Employer Identification Number |
| | |
McDavid Houston-Niss, L.L.C. | | Delaware | | 11-3816172 |
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McDavid Irving-Hon, L.L.C. | | Delaware | | 11-3816175 |
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McDavid Outfitters, L.L.C. | | Delaware | | 11-3816166 |
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McDavid Plano-Acra, L.L.C. | | Delaware | | 11-3816179 |
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Mid-Atlantic Automotive Services, L.L.C. | | Delaware | | 27-1386312 |
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Mississippi Automotive Services, L.L.C. | | Delaware | | 27-1386394 |
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Missouri Automotive Services, L.L.C. | | Delaware | | 27-1386466 |
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NP FLM L.L.C. | | Delaware | | 71-0819724 |
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NP MZD L.L.C. | | Delaware | | 71-0819723 |
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NP VKW L.L.C. | | Delaware | | 71-0819721 |
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Plano Lincoln-Mercury, Inc. | | Delaware | | 75-2430953 |
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Precision Computer Services, Inc. | | Florida | | 59-2867725 |
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Precision Enterprises Tampa, Inc. | | Florida | | 59-2148481 |
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Precision Infiniti, Inc. | | Florida | | 59-2958651 |
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Precision Motorcars, Inc. | | Florida | | 59-1197700 |
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Precision Nissan, Inc. | | Florida | | 59-2734672 |
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Premier NSN L.L.C. | | Delaware | | 71-0819715 |
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Premier Pon L.L.C. | | Delaware | | 71-0819714 |
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Prestige Bay L.L.C. | | Delaware | | 71-0819719 |
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Prestige Toy L.L.C. | | Delaware | | 71-0819720 |
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Southern Atlantic Automotive Services, L.L.C. | | Delaware | | 37-1514247 |
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Tampa Hund, L.P. | | Delaware | | 59-3512664 |
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Tampa Kia, L.P. | | Delaware | | 59-3512666 |
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Tampa LM, L.P. | | Delaware | | 52-2124362 |
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Exact Name of Registrant as Specified in its Charter | | State of Incorporation or Organization | | IRS Employer Identification Number |
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Tampa Mit, L.P. | | Delaware | | 59-3512667 |
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Texas Automotive Services, L.L.C. | | Delaware | | 27-1386537 |
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Thomason Auto Credit Northwest, Inc. | | Oregon | | 93-1119211 |
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Thomason Dam L.L.C. | | Delaware | | 93-1266231 |
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Thomason FRD L.L.C. | | Delaware | | 93-1254703 |
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Thomason Hund L.L.C. | | Delaware | | 93-1254690 |
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Thomason Pontiac-GMC L.L.C. | | Delaware | | 43-1976952 |
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WMZ Motors, L.P. | | Delaware | | 59-3512663 |
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WTY Motors, L.P. | | Delaware | | 59-3512669 |
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2905 Premiere Parkway NW Suite 300 Duluth, Georgia | | 30097 |
(Address of principal executive offices) | | (Zip code) |
8.375% Senior Subordinated Notes due 2020
Guarantees of 8.375% Senior Subordinated Notes due 2020
(Title of the indenture securities)
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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. |
| | |
| |
Superintendent of Banks of the State of New York | | One State Street, New York, N.Y. 10004-1417, and Albany, N.Y. 12223 |
| |
Federal Reserve Bank of New York | | 33 Liberty Street, New York, N.Y. 10045 |
| |
Federal Deposit Insurance Corporation | | Washington, D.C. 20429 |
| |
New York Clearing House Association | | New York, N.Y. 10005 |
| |
| | |
| (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.
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. | A copy of the Organization Certificate of The Bank of New York Mellon (formerly known as The Bank of New York, itself formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672, Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637, Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121195 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152735). |
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| 4. | A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-154173). |
| 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. 333-152735). |
| 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. |
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SIGNATURE
Pursuant to the requirements of the Act, the Trustee, The Bank of New York Mellon, a corporation organized and existing 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 11th day of May, 2011.
| | |
THE BANK OF NEW YORK MELLON |
| |
By: | | /S/ SCOTT KLEIN |
| | Name: SCOTT KLEIN |
| | Title: VICE PRESIDENT |
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EXHIBIT 7
Consolidated Report of Condition of
THE BANK OF NEW YORK MELLON
of One Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business December 31, 2010, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.
| | | | |
| | Dollar Amounts In Thousands | |
ASSETS | | | | |
Cash and balances due from depository institutions: | | | | |
Noninterest-bearing balances and currency and coin | | | 2,924,000 | |
Interest-bearing balances | | | 64,634,000 | |
Securities: | | | | |
Held-to-maturity securities | | | 3,651,000 | |
Available-for-sale securities | | | 58,491,000 | |
Federal funds sold and securities purchased under agreements to resell: | | | | |
Federal funds sold in domestic offices | | | 20,000 | |
Securities purchased under agreements to resell | | | 1,792,000 | |
Loans and lease financing receivables: | | | | |
Loans and leases held for sale | | | 6,000 | |
Loans and leases, net of unearned income | | | 23,307,000 | |
LESS: Allowance for loan and lease losses | | | 482,000 | |
Loans and leases, net of unearned income and allowance | | | 22,825,000 | |
Trading assets | | | 4,910,000 | |
Premises and fixed assets (including capitalized leases) | | | 1,163,000 | |
Other real estate owned | | | 6,000 | |
Investments in unconsolidated subsidiaries and associated companies | | | 947,000 | |
Direct and indirect investments in real estate ventures | | | 0 | |
Intangible assets: | | | | |
Goodwill | | | 6,364,000 | |
Other intangible assets | | | 1,805,000 | |
| | | | |
Other assets | | | 12,317,000 | |
| | | | |
Total assets | | | 181,855,000 | |
| | | | |
| |
LIABILITIES | | | | |
Deposits: | | | | |
In domestic offices | | | 65,674,000 | |
Noninterest-bearing | | | 33,246,000 | |
Interest-bearing | | | 32,428,000 | |
In foreign offices, Edge and Agreement subsidiaries, and IBFs | | | 75,029,000 | |
Noninterest-bearing | | | 4,900,000 | |
Interest-bearing | | | 70,129,000 | |
Federal funds purchased and securities sold under agreements to repurchase: | | | | |
Federal funds purchased in domestic offices | | | 3,272,000 | |
Securities sold under agreements to repurchase | | | 1,550,000 | |
Trading liabilities | | | 6,207,000 | |
Other borrowed money: (includes mortgage indebtedness and obligations under capitalized leases) | | | 2,191,000 | |
Not applicable | | | | |
Not applicable | | | | |
Subordinated notes and debentures | | | 3,490,000 | |
Other liabilities | | | 8,577,000 | |
| | | | |
Total liabilities | | | 165,990,000 | |
| | | | |
| |
EQUITY CAPITAL | | | | |
Perpetual preferred stock and related surplus | | | 0 | |
Common stock | | | 1,135,000 | |
Surplus (exclude all surplus related to preferred stock) | | | 8,591,000 | |
Retained earnings | | | 6,821,000 | |
Accumulated other comprehensive income | | | -1,044,000 | |
Other equity capital components | | | 0 | |
Total bank equity capital | | | 15,503,000 | |
Noncontrolling (minority) interests in consolidated subsidiaries | | | 362,000 | |
Total equity capital | | | 15,865,000 | |
| | | | |
Total liabilities and equity capital | | | 181,855,000 | |
| | | | |
I, Thomas P. Gibbons, Chief Financial Officer of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.
Thomas P. Gibbons,
Chief Financial Officer
We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We 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 and is true and correct.
| | | | |
Robert P. Kelly Gerald L. Hassell Catherine A. Rein | | ] | | Directors |