Exhibit 25.3
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) |
UMB BANK, NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)
| 44-0194180 | ||
| I.R.S. Employer Identification No. | ||
1010 Grand Blvd. Kansas City, Missouri | 64106 | |
| (Address of principal executive offices) | (Zip Code) | |
Anthony Hawkins
UMB BANK, NATIONAL ASSOCIATION
1010 Grand Blvd.
Kansas City, MO 64106
(816) 860-3014
(Name, address and telephone number of agent for service)
EPR PROPERTIES*
(Issuer with respect to the Securities)
| Maryland | 43-1790877 | |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |
909 Walnut Street, Suite 200 Kansas City, Missouri | 64106 | |
| (Address of Principal Executive Offices) | (Zip Code) | |
Senior Notes
Guarantees of Senior Notes
(Title of the Indenture Securities)
*ADDITIONAL SUBSIDIARY GUARANTOR REGISTRANTS(1)
Exact name of guarantor as specified in its Charter | State or other jurisdiction of incorporation or organization | I.R.S. Employer Identification Number | ||||
30 West Pershing, LLC | Missouri | 41-2039368 | ||||
Adelaar Developer, LLC | Delaware | 47-3410984 | ||||
Burbank Village, L.P. | Delaware | 83-0428433 | ||||
Cantera 30 Theatre, L.P. | Delaware | 43-1884501 | ||||
Early Childhood Education, LLC | Delaware | 47-5141922 | ||||
ECE I, LLC | Delaware | 46-2144353 | ||||
ECE II, LLC | Delaware | 46-2148248 | ||||
ECS Douglas I, LLC | Delaware | 45-1271582 | ||||
Education Capital Solutions, LLC | Delaware | 35-2296092 | ||||
EPR Hialeah, Inc. | Missouri | 30-0197409 | ||||
EPR Karting, LLC | Delaware | 81-1847314 | ||||
EPR North US LP | Delaware | 47-2492570 | ||||
EPR Tuscaloosa, LLC | Delaware | 80-0873608 | ||||
EPT 909, Inc. | Delaware | 27-2523665 | ||||
EPT Aliso Viejo, Inc. | Delaware | 59-3831780 | ||||
EPT Arroyo, Inc. | Delaware | 20-5367491 | ||||
EPT Auburn, Inc. | Delaware | 20-5367214 | ||||
EPT Boise, Inc. | Delaware | 34-2057230 | ||||
EPT Charlotte, LLC | Delaware | 45-5007632 | ||||
EPT Columbiana, Inc. | Delaware | 20-5367067 | ||||
EPT Concord II, LLC | Delaware | 27-2858201 | ||||
EPT Dallas, LLC | Delaware | 27-4111486 | ||||
EPT Davie, Inc. | Delaware | 59-3831787 | ||||
EPT Deer Valley, Inc. | Delaware | 34-2057235 | ||||
EPT DownREIT II, Inc. | Missouri | 43-1818086 | ||||
EPT Fontana, LLC | Delaware | 27-3677983 | ||||
EPT Gulf Pointe, Inc. | Delaware | 26-0814259 | ||||
EPT Hamilton, Inc. | Delaware | 34-2057236 | ||||
EPT Huntsville, Inc. | Delaware | 20-5717893 | ||||
EPT Hurst, Inc. | Delaware | 20-4801009 | ||||
EPT Kalamazoo, Inc. | Missouri | 74-3139121 | ||||
EPT Lafayette, Inc. | Delaware | 20-5367392 | ||||
EPT Little Rock, Inc. | Delaware | 34-2057231 | ||||
EPT Macon, Inc. | Delaware | 20-5367283 | ||||
EPT Mad River, Inc. | Missouri | 86-1150058 | ||||
EPT Melbourne, Inc. | Missouri | 20-1341980 | ||||
EPT Mesa, Inc. | Delaware | 20-4800922 | ||||
EPT Mesquite, Inc. | Delaware | 26-0814568 | ||||
EPT Modesto, Inc. | Delaware | 20-5367136 | ||||
EPT Mount Snow, Inc. | Delaware | 20-8803058 | ||||
EPT Nineteen, Inc. | Delaware | 27-1455380 | ||||
EPT Oakview, Inc. | Delaware | 20-8739552 | ||||
EPT Pensacola, Inc. | Missouri | 26-0108126 | ||||
EPT Pompano, Inc. | Delaware | 34-2057232 | ||||
EPT Raleigh Theatres, Inc. | Delaware | 34-2057233 | ||||
EPT Ski Properties, Inc. | Delaware | 26-1336192 | ||||
EPT South Barrington, Inc. | Delaware | 26-0814611 | ||||
EPT Twin Falls, LLC | Delaware | 27-3677936 | ||||
EPT Waterparks, Inc. | Delaware | 20-8267442 | ||||
EPT Wilmington, Inc. | Delaware | 20-5367007 | ||||
Flik, Inc. | Delaware | 16-1653228 | ||||
Megaplex Four, Inc. | Missouri | 43-1922877 | ||||
Exact name of guarantor as specified in its Charter | State or other jurisdiction of incorporation or organization | I.R.S. Employer Identification Number | ||||
Megaplex Nine, Inc. | Missouri | 43-1912698 | ||||
New Roc Associates, L.P. | New York | 22-3337447 | ||||
Tampa Veterans 24, L.P. | Delaware | 54-2112225 | ||||
WestCol Center, LLC | Delaware | 45-2179322 | ||||
| (1) | The address, including zip code, and telephone number, including area code, for each of the additional registrants is 909 Walnut Street, Suite 200, Kansas City, Missouri 64106, (816) 472-1700. |
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. |
The Comptroller of the Currency
Mid-Western District
2345 Grand Avenue, Suite 700
Kansas City, Missouri 64108
Federal Reserve Bank of Kansas City
Federal Reserve P.O. Station
Kansas City, Missouri 64198
Supervising Examiner
Federal Deposit Insurance Corporation
720 Olive Street, Suite 2909
St. Louis, Missouri 63101
| 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 | Not Applicable |
| 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 (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-74008). |
| 2. | Certificate of Authority from the Comptroller of the Currency evidencing a change of the corporate title of the Association (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-74008). |
| 3. | Certificate from the Comptroller of the Currency evidencing authority to exercise corporate trust powers and a letter evidencing a change of the corporate title of the Association (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-74008). |
| 4. | Bylaws, as amended of the Trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-74008). |
| 5. | A copy of each Indenture referred to in Item 4. Not applicable. |
| 6. | Consent of the Trustee required by Section 321(b) of the Act (Exhibit 6 to Registration Statement No. 333-74008). |
| 7. | Report of Condition of the Trustee as of September 30, 2016 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7. |
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, UMB 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 Kansas City, State of Missouri on the 1st day of December, 2016.
| By: | /s/ Douglas G. Hare | |
| Douglas G. Hare | ||
| Senior Vice President |
Exhibit 7
(See Attached)
Schedule RC 15
Consolidated Report of Condition for Insured Banks
and Savings Associations for September 30, 2016
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
| Dollar Amounts in Thousands | Amount | |||||||||||||||||||
Assets | ||||||||||||||||||||
1. Cash and balances due from depository institutions (from Schedule RC-A): | ||||||||||||||||||||
a. Noninterest-bearing balances and currency and coin (1) | RCON0081 | 346,757 | 1.a. | |||||||||||||||||
b. Interest-bearing balances (2) | RCON0071 | 453,839 | 1.b. | |||||||||||||||||
2. Securities: | ||||||||||||||||||||
a. Held-to-maturity securities (from Schedule RC-B, column A) | RCON1754 | 1,009,117 | 2.a. | |||||||||||||||||
b. Available-for-sale securities (from Schedule RC-B, column D) | RCON1773 | 6,292,921 | 2.b. | |||||||||||||||||
3. Federal funds sold and securities purchased under agreements to resell: | ||||||||||||||||||||
a. Federal funds sold | RCONB987 | 19,373 | 3.a. | |||||||||||||||||
b. Securities purchased under agreements to resell (3) | RCONB989 | 225,518 | 3.b. | |||||||||||||||||
4. Loans and lease financing receivables (from Schedule RC-C): | ||||||||||||||||||||
a. Loans and leases held for sale | RCON5369 | 11,880 | 4.a. | |||||||||||||||||
b. Loans and leases, net of unearned income | RCONB528 | 10,293,300 | 4.b. | |||||||||||||||||
c. LESS: Allowance for loan and lease losses | RCON3123 | 90,404 | 4.c. | |||||||||||||||||
d. Loans and leases, net of unearned income and allowance (item 4.b minus 4.c) | RCONB529 | 10,202,896 | 4.d. | |||||||||||||||||
5. Trading assets (from Schedule RC-D) | RCON3545 | 37,751 | 5. | |||||||||||||||||
6. Premises and fixed assets (including capitalized leases) | RCON2145 | 221,475 | 6. | |||||||||||||||||
7. Other real estate owned (from Schedule RC-M) | RCON2150 | 290 | 7. | |||||||||||||||||
8. Investments in unconsolidated subsidiaries and associated companies | RCON2130 | 0 | 8. | |||||||||||||||||
9. Direct and indirect investments in real estate ventures | RCON3656 | 0 | 9. | |||||||||||||||||
10. Intangible assets: | ||||||||||||||||||||
a. Goodwill | RCON3163 | 108,650 | 10.a. | |||||||||||||||||
b. Other intangible assets (from Schedule RC-M) | RCON0426 | 12,716 | 10.b. | |||||||||||||||||
11. Other assets (from Schedule RC-F) | RCON2160 | 508,832 | 11. | |||||||||||||||||
12. Total assets (sum of items 1 through 11) | RCON2170 | 19,452,015 | 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, regardless of maturity. |
Schedule RC 16
Schedule RC—Continued
| Dollar Amounts in Thousands | Amount | |||||||||||||||||||
Liabilities | ||||||||||||||||||||
13. Deposits: | ||||||||||||||||||||
a. In domestic offices (sum of totals of columns A and C from Schedule RC-E) | RCON2200 | 15,477,985 | 13.a. | |||||||||||||||||
(1) Noninterest-bearing (1) | RCON6631 | 6,108,039 | 13.a.(1) | |||||||||||||||||
(2) Interest-bearing | RCON6636 | 9,369,946 | 13.a.(2) | |||||||||||||||||
b. Not applicable | ||||||||||||||||||||
14. Federal funds purchased and securities sold under agreements to repurchase: | ||||||||||||||||||||
a. Federal funds purchased (2) | RCONB993 | 595,591 | 14.a. | |||||||||||||||||
b. Securities sold under agreements to repurchase (3) | RCONB995 | 1,425,981 | 14.b. | |||||||||||||||||
15. Trading liabilities (from Schedule RC-D) | RCON3548 | 0 | 15. | |||||||||||||||||
16. Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases) (from Schedule RC-M) | RCON3190 | 8,434 | 16. | |||||||||||||||||
17. Not applicable | ||||||||||||||||||||
18. Not applicable | ||||||||||||||||||||
19. Subordinated notes and debentures (4) | RCON3200 | 0 | 19. | |||||||||||||||||
20. Other liabilities (from Schedule RC-G) | RCON2930 | 206,578 | 20. | |||||||||||||||||
21. Total liabilities (sum of items 13 through 20) | RCON2948 | 17,714,569 | 21. | |||||||||||||||||
22. Not applicable | 22. | |||||||||||||||||||
Equity Capital | ||||||||||||||||||||
Bank Equity Capital | ||||||||||||||||||||
23. Perpetual preferred stock and related surplus | RCON3838 | 0 | 23. | |||||||||||||||||
24. Common stock | RCON3230 | 21,250 | 24. | |||||||||||||||||
25. Surplus (exclude all surplus related to preferred stock) | RCON3839 | 750,818 | 25. | |||||||||||||||||
26. | ||||||||||||||||||||
a. Retained earnings | RCON3632 | 918,094 | 26.a. | |||||||||||||||||
b. Accumulated other comprehensive income (5) | RCONB530 | 47,284 | 26.b. | |||||||||||||||||
c. Other equity capital components (6) | RCONA130 | 0 | 26.c. | |||||||||||||||||
27. | ||||||||||||||||||||
a. Total bank equity capital (sum of items 23 through 26.c) | RCON3210 | 1,737,446 | 27.a. | |||||||||||||||||
b. Noncontrolling (minority) interests in consolidated subsidiaries | RCON3000 | 0 | 27.b. | |||||||||||||||||
28. Total equity capital (sum of items 27.a and 27.b) | RCONG105 | 1,737,446 | 28. | |||||||||||||||||
29. Total liabilities and equity capital (sum of items 21 and 28) | RCON3300 | 19,452,015 | 29. | |||||||||||||||||
| (1) | Includes noninterest-bearing demand, time, and savings deposits. |
| (2) | Report overnight Federal Home Loan Bank advances in Schedule RC, item 16, “Other borrowed money.” |
| (3) | Includes all securities repurchase agreements, regardless of maturity. |
| (4) | Includes limited-life preferred stock and related surplus. |
| (5) | Includes, but is not limited to, net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, and accumulated defined benefit pension and other postretirement plan adjustments. |
| (6) | Includes treasury stock and unearned Employee Stock Ownership Plan shares. |
Schedule RC 17
Schedule RC—Continued
Memoranda
To be reported with the March Report of Condition.
| Number | ||||||||||
1. Indicate 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 2015 | RCON6724 | N/A | 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 |
| Date | ||||||||||||
To be reported with the March Report of Condition. | ||||||||||||
2. Bank’s fiscal year-end date (report the date in MMDD format) | RCON8678 | N/A | M.2. | |||||||||