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)
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A National Banking Association | | 94-1347393 |
(Jurisdiction of incorporation or organization if not a U.S. national bank) | | (I.R.S. Employer Identification No.) |
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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)
CareTrust REIT, Inc.
(Exact name of obligor as specified in its charter)
SEE TABLE OF ADDITIONAL REGISTRANTS BELOW
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Maryland | | 46-3999490 |
(State or other jurisdiction of incorporation or organization) | | (I.R.S. Employer Identification No.) |
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27101 Puerta Real, Suite 400 Mission Viejo, CA | | 92691 |
(Address of principal executive offices) | | (Zip code) |
5.875% Senior Notes due 2021
(Title of the indenture securities)
TABLE OF ADDITIONAL REGISTRANTS
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Name of Additional Registrant* | | State or Other Jurisdiction of Incorporation or Formation | | I.R.S. Employer Identification No. |
CTR Partnership, L.P. | | Delaware | | 46-5636558 |
CareTrust Capital Corp. | | Delaware | | 46-5636618 |
CareTrust GP, LLC | | Delaware | | 46-5636457 |
Paredes Health Holdings LLC | | Nevada | | 27-1141933 |
Tenth East Holdings LLC | | Nevada | | 71-1009788 |
Mesquite Health Holdings LLC | | Nevada | | 20-8422739 |
Jefferson Ralston Holdings LLC | | Nevada | | 26-3853746 |
Queensway Health Holdings LLC | | Nevada | | 46-0597434 |
Irving Health Holdings LLC | | Nevada | | 45-2318905 |
Avenue N Holdings LLC | | Nevada | | 71-1009792 |
Expo Park Health Holdings LLC | | Nevada | | 27-3239927 |
Falls City Health Holdings LLC | | Nevada | | 45-2319306 |
Gillette Park Health Holdings LLC | | Nevada | | 45-2326015 |
Wayne Health Holdings LLC | | Nevada | | 45-2325884 |
CM Health Holdings LLC | | Nevada | | 33-1127462 |
Trinity Mill Holdings LLC | | Nevada | | 02-0791845 |
Lafayette Health Holdings LLC | | Nevada | | 26-3853842 |
Gazebo Park Health Holdings LLC | | Nevada | | 45-2377777 |
Prairie Health Holdings LLC | | Nevada | | 45-2187648 |
Jordan Health Properties LLC | | Nevada | | 27-0812055 |
Flamingo Health Holdings LLC | | Nevada | | 45-0611649 |
Salmon River Health Holdings LLC | | Nevada | | 45-5466483 |
Fort Street Health Holdings LLC | | Nevada | | 20-0311975 |
Snohomish Health Holdings LLC | | Nevada | | 74-3167531 |
Oleson Park Health Holdings | | Nevada | | 45-2378176 |
Moenium Holdings LLC | | Nevada | | 68-0538213 |
Rio Grande Health Holdings LLC | | Nevada | | 27-1142000 |
Josey Ranch Healthcare Holdings LLC | | Nevada | | 27-1874671 |
Big Sioux River Health Holdings | | Nevada | | 45-2377877 |
Cottonwood Health Holdings LLC | | Nevada | | 76-0843187 |
Dixie Health Holdings LLC | | Nevada | | 45-2101850 |
Queen City Health Holdings LLC | | Nevada | | 46-1798242 |
Saratoga Health Holdings LLC | | Nevada | | 46-2578375 |
Verde Villa Holdings LLC | | Nevada | | 20-8423288 |
Hillview Health Holdings LLC | | Nevada | | 45-0642920 |
51st Avenue Health Holdings LLC | | Nevada | | 46-0888200 |
Wisteria Health Holdings LLC | | Nevada | | 46-5763529 |
Lowell Health Holdings LLC | | Nevada | | 26-3853663 |
Renee Avenue Health Holdings LLC | | Nevada | | 45-4050216 |
Northshore Healthcare LLC | | Nevada | | 27-1931016 |
Willits Health Holdings LLC | | Nevada | | 26-3568764 |
Arapahoe Health Holdings LLC | | Nevada | | 26-4107101 |
49th Street Health Holdings LLC | | Nevada | | 46-2101376 |
Orem Health Holdings LLC | | Nevada | | 45-3822605 |
RB Heights Health Holdings LLC | | Nevada | | 26-0242020 |
Lowell Lake Health Holdings LLC | | Nevada | | 45-5471789 |
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Name of Additional Registrant* | | State or Other Jurisdiction of Incorporation or Formation | | I.R.S. Employer Identification No. |
Cherry Health Holdings LLC | | Nevada | | 65-1283277 |
Fig Street Health Holdings LLC | | Nevada | | 46-0606430 |
Fifth East Holdings LLC | | Nevada | | 27-1531128 |
Boardwalk Health Holdings LLC | | Nevada | | 45-4392752 |
Burley Healthcare Holdings LLC | | Nevada | | 27-1220856 |
Price Health Holdings LLC | | Nevada | | 27-0812085 |
Lemon River Holdings LLC | | Nevada | | 26-3897134 |
Memorial Health Holdings LLC | | Nevada | | 45-3542053 |
Silver Lake Health Holdings LLC | | Nevada | | 27-0812074 |
Willows Health Holdings LLC | | Nevada | | 46-2100785 |
Kings Court Health Holdings LLC | | Nevada | | 46-1300173 |
Emmett Healthcare Holdings LLC | | Nevada | | 27-1220874 |
18th Place Health Holdings LLC | | Nevada | | 45-3822627 |
Silverada Health Holdings LLC | | Nevada | | 90-0763351 |
San Corrine Health Holdings LLC | | Nevada | | 26-3568846 |
Ives Health Holdings LLC | | Nevada | | 45-4073038 |
Lockwood Health Holdings LLC | | Nevada | | 42-2581084 |
Long Beach Health Associates LLC | | Nevada | | 56-2478495 |
Ensign Southland LLC | | Nevada | | 94-3367213 |
Lufkin Health Holdings LLC | | Nevada | | 26-3800438 |
Mission CCRC LLC | | Nevada | | 27-4177579 |
Stillhouse Health Holdings LLC | | Nevada | | 45-5071226 |
Regal Road Health Holdings LLC | | Nevada | | 26-0242058 |
Guadalupe Health Holdings LLC | | Nevada | | 46-0859004 |
Polk Health Holdings LLC | | Nevada | | 14-1957383 |
South Dora Health Holdings LLC | | Nevada | | 45-2499727 |
Expressway Health Holdings LLC | | Nevada | | 27-1141971 |
Everglades Health Holdings LLC | | Nevada | | 27-4222148 |
Temple Health Holdings LLC | | Nevada | | 26-3568897 |
4th Street Holdings LLC | | Nevada | | 45-2326120 |
Bogardus Health Holdings LLC | | Nevada | | 45-2499703 |
Tulalip Bay Health Holdings LLC | | Nevada | | 46-2578461 |
Casa Linda Retirement LLC | | Nevada | | 45-0642596 |
Salt Lake Independence LLC | | Nevada | | 46-5682444 |
Dallas Independence LLC | | Nevada | | 46-5674733 |
Golfview Holdings LLC | | Nevada | | 71-1009793 |
Arrow Tree Health Holdings LLC | | Nevada | | 04-3776515 |
Trousdale Health Holdings LLC | | Nevada | | 26-0242158 |
Ensign Bellflower LLC | | Nevada | | 33-0928665 |
Anson Health Holdings LLC | | Nevada | | 26-3565487 |
Hillendahl Health Holdings LLC | | Nevada | | 26-4324415 |
* | The 5.875% Senior Notes due 2021 were issued by the additional registrants, CTR Partnership, L.P. and CareTrust Capital Corp. All other additional registrants are guarantors of the Notes. |
Item 1.General Information. Furnish the following information as to the trustee:
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(a) | | Name and address of each examining or supervising authority to which it is subject. |
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| | Comptroller of the Currency |
| | Treasury Department |
| | Washington, D.C. |
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| | Federal Deposit Insurance Corporation |
| | Washington, D.C. |
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| | Federal Reserve Bank of San Francisco |
| | San Francisco, California 94120 |
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(b) | | Whether it is authorized to exercise corporate trust powers. |
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| | 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 Items 3-14 of this Form T-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.
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Exhibit 1. | | A copy of the Articles of Association of the trustee now in effect.* |
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Exhibit 2. | | A copy of the Comptroller of the Currency Certificate of Corporate Existence for Wells Fargo Bank, National Association, dated June 27, 2012.** |
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Exhibit 3. | | A copy of the Comptroller of the Currency Certification of Fiduciary Powers for Wells Fargo Bank, National Association, dated December 21, 2011.** |
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Exhibit 4. | | Copy of By-laws of the trustee as now in effect.*** |
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Exhibit 5. | | Not applicable. |
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Exhibit 6. | | The consent of the trustee required by Section 321(b) of the Act. |
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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. |
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Exhibit 8. | | Not applicable. |
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Exhibit 9. | | Not applicable. |
* | Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated December 30, 2005 of file number 333-130784. |
** | Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-3 dated January 23, 2013 of file number 333-186155. |
*** | Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated May 26, 2005 of file number 333-125274. |
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 25th day of August, 2014.
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WELLS FARGO BANK, NATIONAL ASSOCIATION |
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/s/ Michael Tu |
Michael Tu |
Assistant Vice President |
EXHIBIT 6
August 25, 2014
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.
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Very truly yours, |
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WELLS FARGO BANK, NATIONAL ASSOCIATION |
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/s/ Michael Tu |
Michael Tu |
Assistant 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 June 30, 2014, filed in accordance with 12 U.S.C. §161 for National Banks.
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| | | | | Dollar Amounts In Millions | |
ASSETS | | | | | | | | |
Cash and balances due from depository institutions: | | | | | | | | |
Noninterest-bearing balances and currency and coin | | | | | | $ | 20,183 | |
Interest-bearing balances | | | | | | | 210,191 | |
Securities: | | | | | | | | |
Held-to-maturity securities | | | | | | | 30,108 | |
Available-for-sale securities | | | | | | | 212,699 | |
Federal funds sold and securities purchased under agreements to resell: | | | | | | | | |
Federal funds sold in domestic offices | | | | | | | 118 | |
Securities purchased under agreements to resell | | | | | | | 20,279 | |
Loans and lease financing receivables: | | | | | | | | |
Loans and leases held for sale | | | | | | | 25,789 | |
Loans and leases, net of unearned income | | | 784,428 | | | | | |
LESS: Allowance for loan and lease losses | | | 11,341 | | | | | |
Loans and leases, net of unearned income and allowance | | | | | | | 773,087 | |
Trading Assets | | | | | | | 35,111 | |
Premises and fixed assets (including capitalized leases) | | | | | | | 7,503 | |
Other real estate owned | | | | | | | 4,003 | |
Investments in unconsolidated subsidiaries and associated companies | | | | | | | 760 | |
Direct and indirect investments in real estate ventures | | | | | | | 3 | |
Intangible assets | | | | | | | | |
Goodwill | | | | | | | 21,627 | |
Other intangible assets | | | | | | | 20,078 | |
Other assets | | | | | | | 55,289 | |
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Total assets | | | | | | $ | 1,436,828 | |
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LIABILITIES | | | | | | | | |
Deposits: | | | | | | | | |
In domestic offices | | | | | | $ | 1,033,620 | |
Noninterest-bearing | | | 283,808 | | | | | |
Interest-bearing | | | 749,812 | | | | | |
In foreign offices, Edge and Agreement subsidiaries, and IBFs | | | | | | | 102,345 | |
Noninterest-bearing | | | 746 | | | | | |
Interest-bearing | | | 101,599 | | | | | |
Federal funds purchased and securities sold under agreements to repurchase: | | | | | | | | |
Federal funds purchased in domestic offices | | | | | | | 14,477 | |
Securities sold under agreements to repurchase | | | | | | | 15,687 | |
| | | | |
| | Dollar Amounts In Millions | |
Trading liabilities | | | 14,382 | |
Other borrowed money | | | | |
(includes mortgage indebtedness and obligations under capitalized leases) | | | 65,797 | |
Subordinated notes and debentures | | | 19,868 | |
Other liabilities | | | 29,113 | |
| | | | |
Total liabilities | | $ | 1,295,289 | |
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EQUITY CAPITAL | | | | |
Perpetual preferred stock and related surplus | | | 0 | |
Common stock | | | 519 | |
Surplus (exclude all surplus related to preferred stock) | | | 103,060 | |
Retained earnings | | | 33,449 | |
Accumulated other comprehensive income | | | 4,364 | |
Other equity capital components | | | 0 | |
| | | | |
Total bank equity capital | | | 141,392 | |
Noncontrolling (minority) interests in consolidated subsidiaries | | | 147 | |
| | | | |
Total equity capital | | | 141,539 | |
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Total liabilities, and equity capital | | $ | 1,436,828 | |
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I, John R. Shrewsberry, 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.
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John R. Shrewsberry |
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.
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John Stumpf | | Directors |
Timothy Sloan | | |
Avid Modjtabai | | |