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)
THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
New York | 13-5160382 | |||
(State of incorporation if not a U. S. national bank) | (I. R. S. employer identification no.) | |||
One Wall Street, New York, NY | 10286 | |||
(Address of principal executive offices) | (Zip code) |
CanWest Media Inc.
(Exact name of obligor as specified in its charter)
Canada | N/A | |||
(State or other jurisdiction of incorporation or organization) | (I. R. S. employer identification no.) |
CanWest Media, Inc.
31st Floor, TD Centre
201 Portage Avenue
Winnipeg, Manitoba, Canada R3B 3L7
(Address of principal executive offices)
1
TABLE OF ADDITIONAL OBLIGORS
Exact name of obligor as specified in its charter | State or other jurisdiction of incorporation or organization | I.R.S. Employer Identification No. | Address of principal executive offices | |||
2846551 Canada Inc. | Canada | N/A | 81 Barber Greene Road Don Mills, Ontario, Canada M3C 2A2 | |||
3629368 Canada Inc. | Canada | N/A | 31st Floor, CanWest Global Place, 201 Portage Avenue Winnipeg, Manitoba, Canada R3B 3L7 | |||
3919056 Canada Ltd. | Canada | N/A | 31st Floor, CanWest Global Place, 201 Portage Avenue Winnipeg, Manitoba, Canada R3B 3L7 | |||
Apple Box Productions Sub Inc. | Canada | N/A | #300 – 10359 Whyte Avenue Edmonton, Alberta, Canada T3E 1Z9 | |||
BCTV Holdings Inc. | Canada | N/A | 81 Barber Greene Road Don Mills, Ontario, Canada M3C 2A2 | |||
Calgary Herald Group Inc. | Canada | N/A | 215 16 Street SE Calgary, Alberta, Canada T2P 0W8 | |||
CanWest Ireland Nominee Limited | Ireland | N/A | 31st Floor, CanWest Global Place, 201 Portage Avenue Winnipeg, Manitoba, Canada R3B 3L7 | |||
CanWest MediaWorks Ireland Holdings | Ireland | N/A | 31st Floor, CanWest Global Place, 201 Portage Avenue Winnipeg, Manitoba, Canada R3B 3L7 | |||
CanWest—Montreal R.P. Holdings Inc./Société de Portefeuille CanWest—Montréal R.P. Inc. | Canada | N/A | c/o 800 Place Victoria Suite 3400 Montreal, Quebec, Canada H4Z 1E9 | |||
CanWest—Windsor R.P. Holdings Inc. | Canada | N/A | c/o 800 Place Victoria Suite 3400 Montreal, Quebec, Canada H4Z 1E9 |
2
Exact name of obligor as specified in its charter | State or other jurisdiction of incorporation or organization | I.R.S. Employer Identification No. | Address of principal executive offices | |||
CanWest Finance Inc./Financiére CanWest Inc. | Québec | N/A | 30th Floor, CanWest Global Place 201 Portage Avenue Winnipeg, Manitoba, Canada R3B 3K6 | |||
CanWest Global Broadcasting Inc./Radiodiffusion CanWest Global Inc. | Québec | N/A | Enfield House Upper Collymore Rock St. Michael, Barbados West Indies | |||
CanWest Interactive Inc. | Canada | N/A | International Financial Services Centre North Wall Quay Dublin 1 | |||
CanWest International Communications Inc. | Barbados | N/A | Enfield House Upper Collymore Rock St. Michael, Barbados West Indies | |||
CanWest International Distribution Limited | Ireland | N/A | International Financial Services Centre North Wall Quay Dublin 1 | |||
CanWest International Management Inc. | Barbados | N/A | Enfield House Upper Collymore Rock St. Michael, Barbados West Indies | |||
CanWest Irish Holdings (Barbados) Inc. | Barbados | N/A | 245 rue Saint-Jacques Suite 100 Montreal, Quebec, Canada H2Y 1M6 | |||
CanWest Media Sales Limited | Canada | N/A | International Financial Services Centre North Wall Quay Dublin 1 | |||
CanWest Publications Inc./Publications CanWest Inc. | Canada | N/A | 31st Floor, CanWest Global Place, 201 Portage Avenue Winnipeg, Manitoba, Canada R3B 3L7 | |||
CanWest (U.S.) Inc. | Delaware | N/A | 31st Floor, CanWest Global Place, 201 Portage Avenue Winnipeg, Manitoba, Canada R3B 3L7 |
3
Exact name of obligor as specified in its charter | State or other or organization | I.R.S. Employer Identification No. | Address of principal executive offices | |||
CGS Debenture Holding (Netherlands) B.V. | Netherlands | N/A | Herengracht 483 1017 BT Amsterdam The Netherlands | |||
CGS International Holdings (Netherlands) B.V. | Netherlands | N/A | Herengracht 483 1017 BT Amsterdam The Netherlands | |||
CGS NZ Radio Shareholding (Netherlands) B.V. | Netherlands | N/A | Herengracht 483 1017 BT Amsterdam The Netherlands | |||
CGS NZ TV Shareholding (Netherlands) B.V. | Netherlands | N/A | Herengracht 483 1017 BT Amsterdam The Netherlands | |||
CGS Shareholding (Netherlands) B.V. | Netherlands | N/A | Herengracht 483 1017 BT Amsterdam The Netherlands | |||
CHBC Holdings Inc. | Canada | N/A | 81 Barber Greene Road Don Mills, Ontario, Canada M3C 2A2 | |||
CHEK Holdings Inc. | Canada | N/A | 81 Barber Greene Road Don Mills, Ontario, Canada M3C 2A2 | |||
Clarinet Music Inc. | Ontario | N/A | 81 Barber Greene Road Don Mills, Ontario, Canada M3C 2A2 | |||
Cool Records Inc. | Canada | N/A | 31st Floor, CanWest Global Place, 201 Portage Avenue Winnipeg, Manitoba, Canada R3B 3L7 | |||
Edmonton Journal Group Inc. | Canada | N/A | 10006 - 101 Street Edmonton, Alberta, Canada T5J 2S6 | |||
Fox Sports World Canada Holdco Inc. | Canada | N/A | 31st Floor, CanWest Global Place, 201 Portage Avenue Winnipeg, Manitoba, Canada R3B 3L7 |
4
Exact name of obligor as specified in its charter | State or other jurisdiction of incorporation or organization | I.R.S. Employer Identification No. | Address of principal executive offices | |||
Global Centre Inc. | Ontario | N/A | 81 Barber Greene Road Don Mills, Ontario, Canada M3C 2A2 | |||
Global Communications Limited | Manitoba | N/A | 31st Floor, CanWest Global Place, 201 Portage Avenue Winnipeg, Manitoba, Canada R3B 3L7 | |||
Global Television Centre Ltd. | Canada | N/A | 81 Barber Greene Road Don Mills, Ontario, Canada M3C 2A2 | |||
Global Television Network Inc./Réseau de Télévision Global Inc. | Canada | N/A | 81 Barber Greene Road Don Mills, Ontario, Canada M3C 2A2 | |||
Global Television Network Quebec, Limited Partnership/Réseau de Télévision Global Québec, Société en Commandite | Québec | N/A | 31st Floor, CanWest Global Place, 201 Portage Avenue Winnipeg, Manitoba, Canada R3B 3L7 | |||
Global Television Specialty Networks Inc. | Canada | N/A | 30th Floor, CanWest Global Place, 201 Portage Avenue Winnipeg, Manitoba, Canada R3B 3K6 | |||
Lonestar Holdco Inc. | Canada | N/A | 31st Floor, CanWest Global Place, 201 Portage Avenue Winnipeg, Manitoba, Canada R3B 3L7 | |||
Lower Mainland Publishing Group Inc. | Canada | N/A | 3355 Grandview Highway Vancouver, British Columbia, Canada V5M 1Z5 | |||
MBS Productions Inc. | Canada | N/A | 31st Floor, CanWest Global Place, 201 Portage Avenue Winnipeg, Manitoba, Canada R3B 3L7 | |||
Mobile Video Productions Inc. | Canada | N/A | 81 Barber Greene Road Don Mills, Ontario, Canada M3C 2A2 | |||
Montreal Gazette Group Inc./Groupe Montréal Gazette Inc. | Canada | N/A | 250 St. Antoine Street West Montreal, Québec, Canada H2Y 3R7 |
5
Exact name of obligor as specified in its charter | State or other jurisdiction of incorporation or organization | I.R.S. Employer Identification No. | Address of principal executive offices | |||
Multisound Publishers Ltd. | Canada | N/A | 81 Barber Greene Road Don Mills, Ontario, Canada M3C 2A2 | |||
Nanaimo Daily News Group Inc. | Canada | N/A | 2575 McCullough Road Nanaimo, British Columbia, Canada V9S 5W5 | |||
Ontv Holdings Inc. | Canada | N/A | 81 Barber Greene Road Don Mills, Ontario, Canada M3C 2A2 | |||
Ottawa Citizen Group Inc. | Canada | N/A | 1101 Baxter Road Ottawa, Ontario, Canada K2C 3M4 | |||
Pacific Newspaper Group Inc. | Canada | N/A | 200 Granville Street Vancouver, British Columbia, Canada V6C 3N3 | |||
Port Alberni Times Group Inc. | Canada | N/A | 4918 Napier Street Port Alberni, British Columbia, Canada V9Y 7N1 | |||
ReachCanada Contact Centre Limited | Canada | N/A | 31st Floor, CanWest Global Place, 201 Portage Avenue Winnipeg, Manitoba, Canada R3B 3L7 | |||
Regina Leader Post Group Inc. | Canada | N/A | 1964 Park Street Regina, Saskatchewan, Canada S4P 3G4 | |||
RetroVista Holdco Inc. | Canada | N/A | 31st Floor, CanWest Global Place, 201 Portage Avenue Winnipeg, Manitoba, Canada R3B 3L7 | |||
Saskatoon StarPhoenix Group Inc. | Canada | N/A | 204 Fifth Avenue North Saskatoon, Saskatchewan, Canada S7K 2P1 |
6
Exact name of obligor as specified in its charter | State or other jurisdiction of incorporation or organization | I.R.S. Employer Identification No. | Address of principal executive offices | |||
Southam Digital Inc./Southam Numérique Inc. | Canada | N/A | 31st Floor, CanWest Global Place, 201 Portage Avenue Winnipeg, Manitoba, Canada R3B 3L7 | |||
Vancouver Island Newspaper Group Inc. | Canada | N/A | 34375 Cyril Street Abbotsford, British Columbia, Canada V2S 2H5 | |||
Victoria Times Colonist Group Inc. | Canada | N/A | 2621 Douglas Street Victoria, British Columbia, Canada V8T 4M2 | |||
Western Communications Inc. | Canada | N/A | P.O. Box 6020 Bend, OR 97708 | |||
WIC Television Production Sub Inc. | Canada | N/A | 1960 – 505 Burrard Street Vancouver, British Columbia, Canada V7X 1M6 | |||
Windsor Star Group Inc. | Canada | N/A | 167 Ferry Street Windsor, Ontario, Canada N9A 4M5 | |||
Xtreme Sports Holdco Inc. | Canada | N/A | 31st Floor, CanWest Global Place, 201 Portage Avenue Winnipeg, Manitoba, Canada R3B 3L7 | |||
Yellow Card Productions Inc. | Ontario | N/A | 81 Barber Greene Road Don Mills, Ontario, Canada M3C 2A2 |
8% Series B Senior Subordinated Notes due 2012
(Title of the indenture securities)
7
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 | 2 Rector Street, New York, | |
New York, NY | NY 10006, and Albany, | |
12203 | ||
Federal Reserve Bank of New York | 33 Liberty Plaza, New York, | |
NY 10045 | ||
Federal Deposit Insurance Corporation | Washington, DC 20429 | |
New York Clearing House Association | New York, NY 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.
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. | 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.) |
4. | A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 33-31019.) |
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. |
8
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939 the trustee, The Bank of New York. A New York banking 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 15th day of April 2005.
The Bank of New York, as Trustee | ||
By: | /s/ Vanessa Mack | |
Vanessa Mack | ||
Assistant Vice President |
9
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 December 31, 2004, 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 | $ | 3,866,500 | |
Interest-bearing balances | 8,455,170 | ||
Securities: | |||
Held-to-maturity securities | 1,885,665 | ||
Available-for-sale securities | 20,781,508 | ||
Federal funds sold and securities purchased under agreements to resell | |||
Federal funds sold in domestic offices | 3,730,007 | ||
Securities purchased under agreements to resell | 847,805 | ||
Loans and lease financing receivables: | |||
Loans and leases held for sale | 0 | ||
Loans and leases, net of unearned income | 36,195,743 | ||
LESS: Allowance for loan and lease losses | 587,611 | ||
Loans and leases, net of unearned income and allowance | 35,608,132 | ||
Trading Assets | 4,174,521 | ||
Premises and fixed assets (including capitalized leases) | 949,424 | ||
Other real estate owned | 754 | ||
Investments in unconsolidated subsidiaries and associated companies | 268,366 | ||
Customers’ liability to this bank on acceptances outstanding | 52,800 | ||
Intangible assets | |||
Goodwill | 2,746,404 | ||
Other intangible assets | 758,137 | ||
Other assets | 8,013,234 | ||
Total assets | $ | 92,138,427 | |
LIABILITIES | |||
Deposits: | |||
In domestic offices | $ | 41,480,131 | |
Noninterest-bearing | 16,898,525 | ||
Interest-bearing | 24,581,606 | ||
In foreign offices, Edge and Agreement subsidiaries, and IBFs | 24,028,722 | ||
Noninterest-bearing | 576,431 | ||
Interest-bearing | 23,452,291 | ||
Federal funds purchased and securities sold under agreements to repurchase | |||
Federal funds purchased in domestic offices | 1,040,432 | ||
Securities sold under agreements to repurchase | 491,007 | ||
Trading liabilities | 2,724,930 | ||
Other borrowed money: | |||
(includes mortgage indebtedness and obligations under capitalized leases) | 4,780,573 | ||
Not applicable | |||
Bank’s liability on acceptances executed and outstanding | 54,517 | ||
Subordinated notes and debentures | 2,390,000 | ||
Other liabilities | 6,901,014 | ||
Total liabilities | $ | 83,891,326 | |
Minority interest in consolidated subsidiaries | 140,499 | ||
EQUITY CAPITAL | |||
Perpetual preferred stock and related surplus | 0 | ||
Common stock | 1,135,284 | ||
Surplus (exclude all surplus related to preferred stock) | 2,087,221 | ||
Retained earnings | 4,892,420 | ||
Accumulated other comprehensive income | -8,323 | ||
Other equity capital components | 0 | ||
Total equity capital | 8,106,602 | ||
Total liabilities, minority interest, and equity capital | $ | 92,138,427 | |
10
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, |
Senior Vice President and Comptroller |
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 Gerald L. Hassell Alan R. Griffith | Directors |
11