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) |
WELLS FARGO BANK, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
| | |
A National Banking Association | | 94-1347393 |
(Jurisdiction of incorporation or organization if not a U.S. national bank) | | (I.R.S. Employer Identification No.) |
| |
101 North Phillips Avenue Sioux Falls, South Dakota | | 57104 |
(Address of principal executive offices) | | (Zip code) |
Wells Fargo & Company
Law Department, Trust Section
MAC N9305-175
Sixth Street and Marquette Avenue, 17th Floor
Minneapolis, Minnesota 55479
(612) 667-4608
(Name, address and telephone number of agent for service)
CTR Partnership, L.P.
(Exact name of obligor as specified in its charter)
| | | | |
Delaware | | | | 46-5636558 |
(State or other jurisdiction of incorporation or organization) | | | | (I.R.S. Employer Identification No.) |
CareTrust Capital Corp.
(Exact name of obligor as specified in its charter)
| | | | |
Delaware | | | | 46-5636618 |
(State or other jurisdiction of incorporation or organization) | | | | (I.R.S. Employer Identification No.) |
See Table of Co-Registrants
| | |
905 Calle Amanecer, Suite 300 San Clemente, California | | 92673 |
(Address of principal executive offices) | | (Zip code) |
Debt Securities
Guarantees of Debt Securities
(Title of the indenture securities)
TABLE OFCO-REGISTRANTS
| | | | | | |
Exact Name ofCo-Registrant as Specified in Its Charter | | Primary Standard Industrial Classification Number | | State or Other Jurisdiction of Incorporation or Organization | | I.R.S. Employer Identification No. |
CareTrust REIT, Inc. | | 6798 | | Maryland | | 46-3999490 |
CareTrust GP, LLC | | 6798 | | Delaware | | 46-5636457 |
CTR Arvada Preferred, LLC | | 6798 | | Delaware | | 81-2777797 |
CTR Cascadia Preferred, LLC | | 6798 | | Delaware | | 81-0823675 |
Gulf Coast Buyer 1 LLC | | 6798 | | Delaware | | 83-3911673 |
18th Place Health Holdings LLC | | 6798 | | Nevada | | 45-3822627 |
49th Street Health Holdings LLC | | 6798 | | Nevada | | 46-2101376 |
4th Street Holdings LLC | | 6798 | | Nevada | | 45-2326120 |
51st Avenue Health Holdings LLC | | 6798 | | Nevada | | 46-0888200 |
Anson Health Holdings LLC | | 6798 | | Nevada | | 26-3565487 |
Arapahoe Health Holdings LLC | | 6798 | | Nevada | | 26-4107101 |
Arrow Tree Health Holdings LLC | | 6798 | | Nevada | | 04-3776515 |
Avenue N Holdings LLC | | 6798 | | Nevada | | 71-1009792 |
Big Sioux River Health Holdings LLC | | 6798 | | Nevada | | 45-2377887 |
Boardwalk Health Holdings LLC | | 6798 | | Nevada | | 45-4392752 |
Bogardus Health Holdings LLC | | 6798 | | Nevada | | 45-2499703 |
Burley Healthcare Holdings LLC | | 6798 | | Nevada | | 27-1220856 |
Casa Linda Retirement LLC | | 6798 | | Nevada | | 45-0642596 |
Cedar Avenue Holdings LLC | | 6798 | | Nevada | | 32-0124970 |
Cherry Health Holdings LLC | | 6798 | | Nevada | | 65-1283277 |
CM Health Holdings LLC | | 6798 | | Nevada | | 33-1127462 |
Cottonwood Health Holdings LLC | | 6798 | | Nevada | | 76-0843187 |
Dallas Independence LLC | | 6798 | | Nevada | | 46-5674733 |
Dixie Health Holdings LLC | | 6798 | | Nevada | | 45-2101850 |
Emmett Healthcare Holdings LLC | | 6798 | | Nevada | | 27-1220874 |
Ensign Bellflower LLC | | 6798 | | Nevada | | 33-0928665 |
Ensign Highland LLC | | 6798 | | Nevada | | 33-0916185 |
Ensign Southland LLC | | 6798 | | Nevada | | 94-3367213 |
Everglades Health Holdings LLC | | 6798 | | Nevada | | 27-4222148 |
Expo Park Health Holdings LLC | | 6798 | | Nevada | | 27-3239927 |
Expressway Health Holdings LLC | | 6798 | | Nevada | | 27-1141971 |
Falls City Health Holdings LLC | | 6798 | | Nevada | | 45-2319306 |
Fifth East Holdings LLC | | 6798 | | Nevada | | 27-1531128 |
Fig Street Health Holdings LLC | | 6798 | | Nevada | | 46-0606430 |
Flamingo Health Holdings LLC | | 6798 | | Nevada | | 45-0611649 |
Fort Street Health Holdings LLC | | 6798 | | Nevada | | 20-0311975 |
Gazebo Park Health Holdings LLC | | 6798 | | Nevada | | 45-2377777 |
Gillette Park Health Holdings LLC | | 6798 | | Nevada | | 45-2326015 |
Golfview Holdings LLC | | 6798 | | Nevada | | 71-1009793 |
Granada Investments LLC | | 6798 | | Nevada | | 81-0676869 |
Guadalupe Health Holdings LLC | | 6798 | | Nevada | | 46-0859004 |
Hillendahl Health Holdings LLC | | 6798 | | Nevada | | 26-4324415 |
Hillview Health Holdings LLC | | 6798 | | Nevada | | 45-0642920 |
Irving Health Holdings LLC | | 6798 | | Nevada | | 45-2318905 |
Ives Health Holdings LLC | | 6798 | | Nevada | | 45-4073038 |
Jefferson Ralston Holdings LLC | | 6798 | | Nevada | | 26-3853746 |
Jordan Health Properties LLC | | 6798 | | Nevada | | 27-0812055 |
Josey Ranch Healthcare Holdings LLC | | 6798 | | Nevada | | 27-1874671 |
Kings Court Health Holdings LLC | | 6798 | | Nevada | | 46-1300173 |
Lafayette Health Holdings LLC | | 6798 | | Nevada | | 26-3853842 |
Lemon River Holdings LLC | | 6798 | | Nevada | | 26-3897134 |
Lockwood Health Holdings LLC | | 6798 | | Nevada | | 42-2581084 |
Long Beach Health Associates LLC | | 6798 | | Nevada | | 56-2478495 |
| | | | | | |
Exact Name ofCo-Registrant as Specified in Its Charter | | Primary Standard Industrial Classification Number | | State or Other Jurisdiction of Incorporation or Organization | | I.R.S. Employer Identification No. |
Lowell Health Holdings LLC | | 6798 | | Nevada | | 26-3853663 |
Lowell Lake Health Holdings LLC | | 6798 | | Nevada | | 45-5471789 |
Lufkin Health Holdings LLC | | 6798 | | Nevada | | 26-3800438 |
Meadowbrook Health Associates LLC | | 6798 | | Nevada | | 04-3776511 |
Memorial Health Holdings LLC | | 6798 | | Nevada | | 45-3542053 |
Mesquite Health Holdings LLC | | 6798 | | Nevada | | 20-8422739 |
Mission CCRC LLC | | 6798 | | Nevada | | 27-4177579 |
Moenium Holdings LLC | | 6798 | | Nevada | | 68-0538213 |
Mountainview Communitycare LLC | | 6798 | | Nevada | | 04-3601110 |
Northshore Healthcare Holdings LLC | | 6798 | | Nevada | | 27-1931016 |
Oleson Park Health Holdings LLC | | 6798 | | Nevada | | 45-2378176 |
Orem Health Holdings LLC | | 6798 | | Nevada | | 45-3822605 |
Paredes Health Holdings LLC | | 6798 | | Nevada | | 27-1141933 |
Plaza Health Holdings LLC | | 6798 | | Nevada | | 37-1495381 |
Polk Health Holdings LLC | | 6798 | | Nevada | | 14-1957383 |
Prairie Health Holdings LLC | | 6798 | | Nevada | | 45-2187648 |
Price Health Holdings LLC | | 6798 | | Nevada | | 27-0812085 |
Queen City Health Holdings LLC | | 6798 | | Nevada | | 46-1798242 |
Queensway Health Holdings LLC | | 6798 | | Nevada | | 46-0597434 |
RB Heights Health Holdings LLC | | 6798 | | Nevada | | 26-0242020 |
Regal Road Health Holdings LLC | | 6798 | | Nevada | | 26-0242058 |
Renee Avenue Health Holdings LLC | | 6798 | | Nevada | | 45-4050216 |
Rillito Holdings LLC | | 6798 | | Nevada | | 57-1159647 |
Rio Grande Health Holdings LLC | | 6798 | | Nevada | | 27-1142000 |
Salmon River Health Holdings LLC | | 6798 | | Nevada | | 45-5466483 |
Salt Lake Independence LLC | | 6798 | | Nevada | | 46-5682444 |
San Corrine Health Holdings LLC | | 6798 | | Nevada | | 26-3568846 |
Saratoga Health Holdings LLC | | 6798 | | Nevada | | 46-2578375 |
Silver Lake Health Holdings LLC | | 6798 | | Nevada | | 27-0812074 |
Silverada Health Holdings LLC | | 6798 | | Nevada | | 90-0763351 |
Sky Holdings AZ LLC | | 6798 | | Nevada | | 03-0392059 |
Snohomish Health Holdings LLC | | 6798 | | Nevada | | 74-3167531 |
South Dora Health Holdings LLC | | 6798 | | Nevada | | 45-2499727 |
Stillhouse Health Holdings LLC | | 6798 | | Nevada | | 45-5071226 |
Temple Health Holdings LLC | | 6798 | | Nevada | | 26-3568897 |
Tenth East Holdings LLC | | 6798 | | Nevada | | 71-1009788 |
Terrace Holdings AZ LLC | | 6798 | | Nevada | | 01-0605624 |
Trinity Mill Holdings LLC | | 6798 | | Nevada | | 02-0791845 |
Trousdale Health Holdings LLC | | 6798 | | Nevada | | 26-0242158 |
Tulalip Bay Health Holdings LLC | | 6798 | | Nevada | | 46-2578461 |
Valley Health Holdings LLC | | 6798 | | Nevada | | 68-0588159 |
Verde Villa Holdings LLC | | 6798 | | Nevada | | 20-8423288 |
Wayne Health Holdings LLC | | 6798 | | Nevada | | 45-2325884 |
Willits Health Holdings LLC | | 6798 | | Nevada | | 26-3568764 |
Willows Health Holdings LLC | | 6798 | | Nevada | | 46-2100785 |
Wisteria Health Holdings LLC | | 6798 | | Nevada | | 27-4019408 |
The address, including zip code, of eachCo-Registrant’s principal executive office is 905 Calle Amanecer, Suite 300, San Clemente, California 92673, and the telephone number of eachCo-Registrant’s executive office is (949)542-3130.
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
Treasury Department
Washington, D.C.
Federal Deposit Insurance Corporation
Washington, D.C.
Federal Reserve Bank of San Francisco
San Francisco, California 94120
| (b) | Whether it is authorized to exercise corporate trust powers. |
The trustee is authorized to exercise corporate trust powers.
Item 2.Affiliations with Obligor. If the obligor is an affiliate of the trustee, describe each such affiliation.
None with respect to the trustee.
No responses are included for Items3-14 of this FormT-1 because the obligor is not in default as provided under Item 13.
Item 15.Foreign Trustee. Not applicable.
Item 16.List of Exhibits. List below all exhibits filed as a part of this Statement of Eligibility.
| | | | |
| | |
| | Exhibit 1. | | A copy of the Articles of Association of the trustee now in effect.* |
| | |
| | Exhibit 2. | | A copy of the Comptroller of the Currency Certificate of Corporate Existence for Wells Fargo Bank, National Association, dated January 14, 2015.* |
| | |
| | Exhibit 3. | | A copy of the Comptroller of the Currency Certification of Fiduciary Powers for Wells Fargo Bank, National Association, dated January 6, 2014.* |
| | |
| | Exhibit 4. | | Copy ofBy-laws of the trustee as now in effect.* |
| | |
| | Exhibit 5. | | Not applicable. |
| | |
| | Exhibit 6. | | The consent of the trustee required by Section 321(b) of the Act. |
| | |
| | Exhibit 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. |
| | |
| | Exhibit 8. | | Not applicable. |
| | |
| | Exhibit 9. | | Not applicable. |
* | Incorporated by reference to the exhibit of the same number to the trustee’s FormT-1 filed as exhibit to the Filing 305B2 dated March 13, 2015 of file number333-190926. |
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo 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 to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Los Angeles and State of California on the 28th day of February, 2020.
|
WELLS FARGO BANK, NATIONAL ASSOCIATION |
|
/s/ Michael Tu |
Michael Tu |
Vice President |
EXHIBIT 6
February 28, 2020
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.
|
Very truly yours, |
|
WELLS FARGO BANK, NATIONAL ASSOCIATION |
|
/s/ Michael Tu |
Michael Tu Vice President |
Exhibit 7
Consolidated Report of Condition of
Wells Fargo Bank National Association
of 101 North Phillips Avenue, Sioux Falls, SD 57104
And Foreign and Domestic Subsidiaries,
at the close of business December 31, 2019, filed in accordance with 12 U.S.C. §161 for National Banks.
| | | | | | | | |
| | | | | Dollar Amounts In Millions | |
ASSETS | | | | | | | | |
Cash and balances due from depository institutions: | | | | | | | | |
Noninterest-bearing balances and currency and coin | | | | | | $ | 21,178 | |
Interest-bearing balances | | | | | | | 119,085 | |
Securities: | | | | | | | | |
Held-to-maturity securities | | | | | | | 153,873 | |
Available-for-sale securities | | | | | | | 251,838 | |
Equity Securities with readily determinable fair value not held for trading | | | | | | | 96 | |
| | |
Federal funds sold and securities purchased under agreements to resell: | | | | | | | | |
Federal funds sold in domestic offices | | | | | | | 57 | |
Securities purchased under agreements to resell | | | | | | | 60,355 | |
Loans and lease financing receivables: | | | | | | | | |
Loans and leases held for sale | | | | | | | 16,488 | |
Loans and leases, net of unearned income | | | 927,231 | | | | | |
LESS: Allowance for loan and lease losses | | | 9,284 | | | | | |
Loans and leases, net of unearned income and allowance | | | | | | | 917,947 | |
Trading Assets | | | | | | | 61,182 | |
Premises and fixed assets (including capitalized leases) | | | | | | | 11,822 | |
Other real estate owned | | | | | | | 296 | |
Investments in unconsolidated subsidiaries and associated companies | | | | | | | 13,242 | |
Direct and indirect investments in real estate ventures | | | | | | | 110 | |
Intangible assets | | | | | | | 36,032 | |
Other assets | | | | | | | 49,318 | |
| | | | | | | | |
Total assets | | | | | | $ | 1,712,919 | |
| | | | | | | | |
LIABILITIES | | | | | | | | |
Deposits: | | | | | | | | |
In domestic offices | | | | | | $ | 1,326,735 | |
Noninterest-bearing | | | 399,083 | | | | | |
Interest-bearing | | | 927,652 | | | | | |
In foreign offices, Edge and Agreement subsidiaries, and IBFs | | | | | | | 55,403 | |
Noninterest-bearing | | | 748 | | | | | |
Interest-bearing | | | 54,655 | | | | | |
Federal funds purchased and securities sold under agreements to repurchase: | | | | | | | | |
Federal funds purchased in domestic offices | | | | | | | 4,283 | |
Securities sold under agreements to repurchase | | | | | | | 5,593 | |
| | | | |
| | Dollar Amounts In Millions | |
Trading liabilities | | | 9,458 | |
Other borrowed money | | | | |
(Includes mortgage indebtedness and obligations under capitalized leases) | | | 100,635 | |
Subordinated notes and debentures | | | 11,937 | |
Other liabilities | | | 31,482 | |
| | | | |
Total liabilities | | $ | 1,545,526 | |
| |
EQUITY CAPITAL | | | | |
Perpetual preferred stock and related surplus | | | 0 | |
Common stock | | | 519 | |
Surplus (exclude all surplus related to preferred stock) | | | 114,728 | |
Retained earnings | | | 51,071 | |
Accumulated other comprehensive income | | | 1,028 | |
Other equity capital components | | | 0 | |
| | | | |
Total bank equity capital | | | 167,346 | |
Noncontrolling (minority) interests in consolidated subsidiaries | | | 47 | |
| | | | |
Total equity capital | | | 167,393 | |
| | | | |
Total liabilities, and equity capital | | $ | 1,712,919 | |
| | | | |
I, John R. Shrewsberry, Sr. EVP & CFO of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.
| | |
| | John R. Shrewsberry |
| | Sr. EVP & CFO |
We, the undersigned directors, attest to the correctness of this Report of Condition and 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 issued by the appropriate Federal regulatory authority and is true and correct.
Directors
James H. Quigley
Theodore F. Craver, Jr.
Juan A. Pujadas