Exhibit 25.1
FORM T-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
New York |
| 13-5160382 |
(State of incorporation |
| (I.R.S. employer |
if not a U.S. national bank) |
| identification no.) |
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One Wall Street, New York, N.Y. |
| 10286 |
(Address of principal executive offices) |
| (Zip code) |
Accellent Inc.
(Exact name of obligor as specified in its charter)
SEE TABLE OF ADDITIONAL REGISTRANTS
Maryland |
| 84-1507827 |
(State or other jurisdiction of |
| (I.R.S. employer identification no.) |
incorporation or organization) |
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100 Fordham Road, |
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Wilmington, MA |
| 01887 |
(Address of principal executive offices) |
| (Zip code) |
10 1/2% Senior Subordinated Notes Due 2013
Guarantees of 10 ½% Senior Subordinated Notes Due 2014
(Title of the indenture securities)
TABLE OF ADDITIONAL REGISTRANT GUARANTORS
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| State or Other |
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| Jurisdiction of |
| IRS Employer |
| Industrial |
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| Incorporation or |
| Identification |
| Classification Code |
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Exact Name of Registrant as Specified in its Charter |
| Organization |
| Number |
| Number |
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Accellent Corp. |
| Colorado |
| 91-2054669 |
| 3841 |
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American Technical Molding, Inc. |
| California |
| 99-0266738 |
| 3841 |
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Brimfield Acquisition Corp. |
| Delaware |
| 51-0386457 |
| 3841 |
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Brimfield Precision, LLC |
| Delaware |
| 04-3457459 |
| 3841 |
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CE Huntsville Holdings Corp. |
| Delaware |
| 54-2181917 |
| 3841 |
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Cycam, Inc. |
| Pennsylvania |
| 25-1567669 |
| 3841 |
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ELX, Inc. |
| Pennsylvania |
| 25-1711485 |
| 3841 |
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G&D, Inc. d/b/a Star Guide Corporation |
| Colorado |
| 84-0718817 |
| 3841 |
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Hayden Precision Industries |
| Delaware |
| 16-1564447 |
| 3841 |
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Kelco Acquisition, LLC |
| Delaware |
| 52-2139676 |
| 3841 |
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Machining Technology Group, LLC |
| Tennessee |
| 62-1755768 |
| 3841 |
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MedSource Technologies, Inc. |
| Delaware |
| 52-2094496 |
| 3841 |
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MedSource Technologies, LLC |
| Delaware |
| 41-1934170 |
| 3841 |
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MedSource Technologies, Newton Inc. |
| Delaware |
| 41-1990432 |
| 3841 |
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MedSource Technologies Pittsburgh, Inc. |
| Delaware |
| 04-3710128 |
| 3841 |
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MedSource Trenton, Inc. |
| Delaware |
| 32-0000036 |
| 3841 |
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Micro-Guide, Inc. |
| California |
| 95-1866997 |
| 3841 |
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National Wire & Stamping, Inc. |
| Colorado |
| 84-0485552 |
| 3841 |
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Noble-Met, Ltd. |
| Virginia |
| 54-1480585 |
| 3841 |
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Portlyn, LLC |
| Delaware |
| 02-0506852 |
| 3841 |
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Spectrum Manufacturing, Inc. |
| Nevada |
| 36-2997517 |
| 3841 |
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Tenax, LLC |
| Delaware |
| 06-1567572 |
| 3841 |
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Texcel, Inc. |
| Massachusetts |
| 04-2973748 |
| 3841 |
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Thermat Acquisition Corp. |
| Delaware |
| 52-2235950 |
| 3841 |
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UTI Corporation |
| Pennsylvania |
| 23-1721795 |
| 3841 |
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UTI Holding Company |
| Delaware |
| 54-0407158 |
| 3841 |
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Venusa, Ltd. |
| New York |
| 13-3029017 |
| 3841 |
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2
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.
Name |
| Address |
Superintendent of Banks of the State of New York |
| 2 Rector Street |
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Federal Reserve Bank of New York |
| 33 Liberty Plaza, New York, N.Y. 10045 |
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Federal Deposit Insurance Corporation |
| Washington, D.C. 20429 |
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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.
3. 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. A copy of the Organization Certificate of The Bank of New York (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 and Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637.)
2. A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 33-31019.)
3. The consent of the Trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with Registration Statement No. 33-44051.)
3
4. 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.
SIGNATURE
Pursuant to the requirements of the Act, the Trustee, The Bank of New York, 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 13h day of December, 2005.
| THE BANK OF NEW YORK | |||
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| By: | /s/ | ROBERT A. MASSIMILLO |
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| Name: | ROBERT A. MASSIMILLO | |
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| Title: | VICE PRESIDENT | |
4
EXHIBIT 7
Consolidated Report of Condition of
THE BANK OF NEW YORK
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 September 30, 2005, 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 |
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1. Cash and balances due from depository institutions (from Schedule RC-A) |
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a. Noninterest-bearing balances and currency and coin(1) |
| 3,223,000 |
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b. Interest-bearing balances(2) |
| 6,428,000 |
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2. Securities: |
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a. Held-to-maturity securities (from Schedule RC-B, column A) |
| 2,071,000 |
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b. Available-for-sale securities (from Schedule RC-B, column D) |
| 22,899,000 |
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3. Federal funds sold and securities purchased under agreements to resell |
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a. Federal funds sold in domestic offices |
| 1,783,000 |
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b. Securities purchased under agreements to resell(3) |
| 271,000 |
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4. Loans and lease financing receivables (from Schedule RC-C): |
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a. Loans and leases held for sale |
| 0 |
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b. Loans and leases, net of unearned income |
| 34,349,000 |
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c. LESS: Allowance for loan and lease losses |
| 557,000 |
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d. Loans and leases, net of unearned income and allowance (item 4.b minus 4.c) |
| 33,792,000 |
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5. Trading assets (from Schedule RC-D) |
| 5,761,000 |
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6. Premises and fixed assets (including capitalized leases) |
| 801,000 |
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7. Other real estate owned (from Schedule RC-M) |
| 0 |
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8. Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M) |
| 288,000 |
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9. Customers’ liability to this bank on acceptances outstanding |
| 106,000 |
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10. Intangible assets: |
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a. Goodwill |
| 2,158,000 |
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b. Other intangible assets (from Schedule RC-M) |
| 765,000 |
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11. Other assets (from Schedule RC-F) |
| 5,391,000 |
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12. Total assets (sum of items 1 through 11) |
| 85,737,000 |
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LIABILITIES |
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13. Deposits: |
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a. In domestic offices (sum of totals of columns A and C from Schedule RC-E, part I) |
| 35,878,000 |
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(1) Noninterest-bearing(4) |
| 16,458,000 |
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(2) Interest-bearing |
| 19,420,000 |
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b. In foreign offices, Edge and Agreement subsidiaries, and IBFs (from Schedule RC-E, part II) |
| 26,474,000 |
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(1) Noninterest-bearing |
| 448,000 |
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(2) Interest-bearing |
| 26,026,000 |
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14. Federal funds purchased and securities sold under agreements to repurchase |
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a. Federal funds purchased in domestic offices(5) |
| 3,200,000 |
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b. Securities sold under agreements to repurchase(6) |
| 101,000 |
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15. Trading liabilities (from Schedule RC-D) |
| 2,914,000 |
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16. Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases) (from Schedule RC-M) |
| 1,247,000 |
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17. Not applicable |
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18. Bank’s liability on acceptances executed and outstanding |
| 108,000 |
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19. Subordinated notes and debentures(7) |
| 1,440,000 |
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20. Other liabilities (from Schedule RC-G) |
| 6,119,000 |
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21. Total liabilities (sum of items 13 through 20) |
| 77,481,000 |
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22. Minority interest in consolidated subsidiaries |
| 141,000 |
|
EQUITY CAPITAL |
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23. Perpetual preferred stock and related surplus |
| 0 |
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24. Common stock |
| 1,135,000 |
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25. Surplus (exclude all surplus related to preferred stock) |
| 2,092,000 |
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26. a. Retained earnings |
| 4,976,000 |
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b. Accumulated other comprehensive income(8) |
| -88,000 |
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27. Other equity capital components(9) |
| 0 |
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28. Total equity capital (sum of items 23 through 27) |
| 8,115,000 |
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29. Total liabilities, minority interest, and equity capital (sum of items 21, 22, and 28) |
| 85,737,000 |
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Memorandum |
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I, Thomas J. Mastro, Senior Vice President and Comptroller 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 J. Mastro, |
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Senior Vice President and Comptroller |
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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.
Thomas A. Renyi |
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Gerald L. Hassell | Directors | |
Alan R. Griffith |
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