Exhibit 25.2
SECURITIESANDEXCHANGECOMMISSION
Washington, D.C. 20549
FORMT-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) |
U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)
31-0841368
I.R.S. Employer
Identification No.
800 Nicollet Mall Minneapolis, Minnesota | 55402 | |
| (Address of principal executive offices) | (Zip Code) |
William Sicking
U.S. Bank National Association
425 Walnut Street
Cincinnati, Ohio 45202
(513)632-4278
(Name, address and telephone number of agent for service)
AK Steel Corporation
(Issuer with respect to the Securities)
| Delaware | 31-1267098 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
9227 Centre Pointe Drive West Chester, Ohio | 45069 | |
| (Address of Principal Executive Offices) | (Zip Code) |
AK Steel Holding Corporation
(Parent Guarantor with respect to the Securities)
| Delaware | 31-1401455 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
9227 Centre Pointe Drive West Chester, Ohio | 45069 | |
| (Address of Principal Executive Offices) | (Zip Code) |
Table of Additional Registrant Guarantors with respect to the Securities
Name | State of jurisdiction of incorporation or organization | IRS Employer Identification Number | ||
AK Tube LLC | Delaware | 31-1781514 | ||
AK Steel Properties, Inc. | Delaware | 51-0390894 | ||
Mountain State Carbon, LLC | Delaware | 20-2840611 |
The address, including zip code of the principal executive office of each Additional Registrant Guarantor listed in the table above is the same as those of AK Steel Holding Corporation and AK Steel Corporation.
Secured Debt Securities
(Title of the Indenture Securities)
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| 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
Washington, D.C.
| 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 | Items3-15 are not applicable because to the best of the Trustee’s knowledge, the obligors are not in default under any Indenture for which the Trustee acts as Trustee. |
| 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.* |
| 2. | A copy of the certificate of authority of the Trustee to commence business, attached as Exhibit 2. |
| 3. | A copy of the certificate of authority of the Trustee to exercise corporate trust powers, attached as Exhibit 3. |
| 4. | A copy of the existing bylaws of the Trustee.** |
| 5. | A copy of each Indenture referred to in Item 4. Not applicable. |
| 6. | The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6. |
| 7. | Report of Condition of the Trustee as of September 30, 2018 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7. |
| * | Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement onS-4, Registration Number333-128217 filed on November 15, 2005. |
| ** | Incorporated by reference to Exhibit 25.1 to registration statement on formS-3ASR, Registration Number333-199863 filed on November 5, 2014. |
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SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. 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 Cincinnati, State of Ohio on the 15th of February, 2019.
By: | /s/ Bill Sicking | |
| William Sicking | ||
| Vice President |
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Exhibit 2
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Exhibit 3
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Exhibit 6
CONSENT
In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.
Dated: February 15, 2019
By: | /s/ Bill Sicking | |
| William Sicking | ||
| Vice President |
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Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 9/30/2018
($000’s)
| 9/30/2018 | ||||
Assets | ||||
Cash and Balances Due From Depository Institutions | $ | 20,003,448 | ||
Securities | 110,034,104 | |||
Federal Funds | 31,434 | |||
Loans & Lease Financing Receivables | 281,653,128 | |||
Fixed Assets | 3,819,093 | |||
Intangible Assets | 13,233,498 | |||
Other Assets | 27,236,326 | |||
|
| |||
Total Assets | $ | 456,011,031 | ||
Liabilities | ||||
Deposits | $ | 342,906,860 | ||
Fed Funds | 6,964,321 | |||
Treasury Demand Notes | 0 | |||
Trading Liabilities | 977,478 | |||
Other Borrowed Money | 38,881,574 | |||
Acceptances | 0 | |||
Subordinated Notes and Debentures | 3,800,000 | |||
Other Liabilities | 14,600,333 | |||
|
| |||
Total Liabilities | $ | 408,130,566 | ||
Equity | ||||
Common and Preferred Stock | 18,200 | |||
Surplus | 14,266,915 | |||
Undivided Profits | 32,793,053 | |||
Minority Interest in Subsidiaries | 802,297 | |||
|
| |||
Total Equity Capital | $ | 47,880,465 | ||
Total Liabilities and Equity Capital | $ | 456,011,031 | ||
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