Exhibit 25
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) □
______________________
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 (Address of principal executive offices) | | 55402 (Zip Code) |
Esther Fannin
U.S. Bank National Association
1349 West Peachtree Street
Suite 1050
Atlanta, Georgia 30309
(404) 898-8823
(Name, address and telephone number of agent for service)
INTERFACE, INC.
*And the Additional Registrants listed on Schedule A hereto
(exact name of obligor as specified in its charter)
Georgia (State or other jurisdiction of incorporation or organization) | | 58-1451243 (I.RS. Employer Identification No.) |
2859 Paces Ferry Road Suite 2000 Atlanta, Georgia (Address of principal executive offices) | | 30339 (Zip Code) |
7 5/8% Senior Notes, Series B, due 2018
Subsidiary Guarantees of 7 5/8% Senior Notes, Series B, due 2018
(Title of the indenture securities)
SCHEDULE A – TABLE OF ADDITIONAL REGISTRANTS
| | | | | | | | | |
| | | State or Other | | | | I.R.S. | | Address, Including Zip Code, |
| | | Jurisdiction of | | | | Employer | | and Telephone Number, |
| | | Incorporation or | | File | | Identification | | Including Area Code, of Registrant’s |
| Exact Name of Registrant* | | Organization | | Number | | Number | | Principal Executive Offices |
| | | | | | | | | |
| Bentley Mills, Inc. | | Nevada | | 333-______-__ | | 58-2271568 | | 2859 Paces Ferry Road, Suite 2000 Atlanta, Georgia 30339 (770) 437-6800 |
| Bentley Prince Street, Inc. | | Delaware | | 333-______-__ | | 68-0123642 | | 14641 East Don Julian Road City of Industry, California 91746 (800) 423-4209 |
| Commercial Flooring Systems, Inc. | | Pennsylvania | | 333-______-__ | | 23-2144454 | | 2859 Paces Ferry Road, Suite 2000 Atlanta, Georgia 30339 (770) 437-6800 |
| Flooring Consultants, Inc. | | Arizona | | 333-______-__ | | 58-2274454 | | 2859 Paces Ferry Road, Suite 2000 Atlanta, Georgia 30339 (770) 437-6800 |
| FLOR, Inc. | | Georgia | | 333-______-__ | | 56-2302232 | | 600 West Van Buren, Suite 800 Chicago, Illinois 60607 (312) 798-2200 |
| Interface Americas, Inc. | | Georgia | | 333-______-__ | | 58-2132517 | | 1503 Orchard Hill Road LaGrange, Georgia 30241 (800) 336-0225 |
| Interface Americas Holdings, LLC | | Georgia | | 333-______-__ | | 58-1409883 | | 1503 Orchard Hill Road LaGrange, Georgia 30241 (800) 336-0225 |
| Interface Americas Re:Source Technologies, LLC | | Georgia | | 333-______-__ | | 58-1722967 | | 1503 Orchard Hill Road LaGrange, Georgia 30241 (800) 336-0225 |
| Interface Architectural Resources, Inc. | | Michigan | | 333-______-__ | | 38-2391670 | | 2859 Paces Ferry Road, Suite 2000 Atlanta, Georgia 30339 (770) 437-6800 |
| Interface Global Company ApS | | Delaware and Denmark | | 333-______-__ | | 98-0217280 | | Dampfaergvej 3 st. tv. DK 2100 Copenhagen, Denmark +45-7730-4247 |
| Interface Overseas Holdings, Inc. | | Georgia | | 333-______-__ | | 58-1967211 | | 2859 Paces Ferry Road, Suite 2000 Atlanta, Georgia 30339 (770) 437-6800 |
| Interface Real Estate Holdings, LLC | | Georgia | | 333-______-__ | | 58-2576895 | | 2859 Paces Ferry Road, Suite 2000 Atlanta, Georgia 30339 (770) 437-6800 |
| InterfaceFLOR, LLC | | Georgia | | 333-______-__ | | 58-1765146 | | 1503 Orchard Hill Road LaGrange, Georgia 30241 (800) 336-0225 |
| InterfaceSERVICES, Inc. | | Georgia | | 333-______-__ | | 22-3856499 | | 322 Northpoint Parkway, Suite G Acworth, Georgia 30102 (800) 336-0225 |
| Quaker City International, Inc. | | Pennsylvania | | 333-______-__ | | 58-2221600 | | 2859 Paces Ferry Road, Suite 2000 Atlanta, Georgia 30339 (770) 437-6800 |
| Re:Source Americas Enterprises, Inc. | | Georgia | | 333-______-__ | | 58-2223733 | | 2859 Paces Ferry Road, Suite 2000 Atlanta, Georgia 30339 (770) 437-6800 |
| Re:Source Minnesota, Inc. | | Minnesota | | 333-______-__ | | 58-2339867 | | 2859 Paces Ferry Road, Suite 2000 Atlanta, Georgia 30339 (770) 437-6800 |
| Re:Source New York, Inc. | | New York | | 333-______-__ | | 58-2248952 | | 2859 Paces Ferry Road, Suite 2000 Atlanta, Georgia 30339 (770) 437-6800 |
| Re:Source North Carolina, Inc. | | North Carolina | | 333-______-__ | | 58-2250817 | | 2859 Paces Ferry Road, Suite 2000 Atlanta, Georgia 30339 (770) 437-6800 |
| Re:Source Oregon, Inc. | | Oregon | | 333-______-__ | | 58-2246368 | | 2859 Paces Ferry Road, Suite 2000 Atlanta, Georgia 30339 (770) 437-6800 |
| Re:Source Southern California, Inc. | | California | | 333-______-__ | | 58-2315287 | | 2859 Paces Ferry Road, Suite 2000 Atlanta, Georgia 30339 (770) 437-6800 |
| Re:Source Washington, D.C., Inc. | | Virginia | | 333-______-__ | | 58-2246309 | | 2859 Paces Ferry Road, Suite 2000 Atlanta, Georgia 30339 (770) 437-6800 |
| Southern Contract Systems, Inc. | | Georgia | | 333-______-__ | | 58-2246313 | | 2859 Paces Ferry Road, Suite 2000 Atlanta, Georgia 30339 (770) 437-6800 |
| Superior/Reiser Flooring Resources, Inc. | | Texas | | 333-______-__ | | 58-2221598 | | 2859 Paces Ferry Road, Suite 2000 Atlanta, Georgia 30339 (770) 437-6800 |
*The Primary Standard Industrial Classification Code (PSICC) for each of the Additional Registrants is 2273, except that: Interface Americas Re:Source Technologies, LLC’s PSICC is 2891; Interface Architectural Resources, Inc.’s PSICC is 1700; and, Interface Real Estate Holdings, LLC’s PSICC is 6500.
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.
Federal Deposit Insurance Company
Washington, D.C.
The Board of Governors of the Federal Reserve System
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. | Items 3 – 15 are not applicable because, to the best of the knowledge of U.S. Bank National Association (the “Trustee”), the obligor is 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; provided that exhibits identified in parentheses are filed with the Commission and are incorporated
herein by reference as exhibits hereto pursuant to Rule 7a-29 under the Trust Indenture Act of 1939, as amended, and 17 C.F.R. 229.10(d).
| 1. | A copy of the articles of association of the Trustee as now in effect. (Exhibit 1 attached hereto). |
| 2. | A copy of the certificate of authority of the Trustee to commence business, is contained in the articles of association referred to in Paragraph 1 above. |
| 3. | A copy of the authorization of the Trustee to exercise corporate trust powers. (Exhibit 25.1 to Form S-3ASR, Registration Number 333-155592, filed by ONEOK, Inc.) |
| 4. | A copy of the existing by-laws of the Trustee as now in effect. (Exhibit 4 to Exhibit 25.1 to Form S-3, Registration Number 333-160020, filed by The Phoenix Companies, Inc.) |
| 5. | A copy of each indenture referred to in Item 4, if the obligor is in default. |
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. | A copy of the latest report of condition of the Trustee published pursuant to law or the requirements of its supervising or examining authority as of the close of business on December 31, 2010, attached as Exhibit 7. |
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939 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 Atlanta, State of Georgia, on the 3rd day of February, 2011.
U.S. BANK NATIONAL ASSOCIATION
By: /s/ Esther Fannin
Esther Fannin
Vice President
Exhibit 6
CONSENT OF TRUSTEE
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 3, 2011
U.S. BANK NATIONAL ASSOCIATION
By: /s/ Esther Fannin
Esther Fannin
Vice President
Exhibit 1
ARTICLES OF ASSOCIATION
(ATTACHED)
Exhibit 7
REPORT OF CONDITION
(ATTACHED)
U.S. Bank National Association 425 Walnut Street Cincinnati, Ohio FDIC Certificate Number: 6548 | FFIEC 031 Consolidated Report of Condition for December 31, 2010 |
Consolidated Report of Condition for Insured Commercial
and State-Chartered Savings Banks for December 31, 2010
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 C400
Dollar Amounts in Thousands
| ASSETS | | | | | | | | | |
| 1.Cash and balances due from depository institutions (from Schedule RC-A): | | RCFD | | | | | | | |
a.Non-interest bearing balances and currency and coin | | | 0081 | | | | 4,131,456 | | | | 1. | a |
b.Interest-bearing balances | | | 0071 | | | | 10,355,932 | | | | 1. | b |
| 2. Securities: | | | | | | | | | | | | |
| a.Held-to-maturity securities (from Schedule RC-B, column A) | | | 1754 | | | | 1,469,173 | | | | 2. | a |
| b.Available-for-sale securities (from Schedule RC-B, column D) | | | 1773 | | | | 49,839,081 | | | | 2. | b |
3.Federal funds sold and securities purchased under agreements to resell: | | RCON | | | | | | | | | |
| a. Federal funds sold in domestic offices | | | B987 | | | | 4,252,675 | | | | 3. | a |
| | | RCFD | | | | | | | | | |
| b. Securities purchased under agreements to resell | | | B989 | | | | 0 | | | | 3. | b |
| 4.Loans and lease financing receivables (from Schedule RC-C): | | | | | | | | | | | | |
| a.Loans and leases held for sale | | | 5369 | | | | 8,370,473 | | | | 4. | a |
| b.Loans and leases, net of unearned income | | | B528 | | | | 188,524,308 | | | | 4. | b |
| c.Allowance for loan and lease losses | | | 3123 | | | | 5,075,663 | | | | 4. | c |
d.Loans and leases, net of unearned income and allowance | | | B529 | | | | 183,448,645 | | | | 4. | d |
| 5.Trading assets (from Schedule RC-D) | | | 3545 | | | | 1,231,511 | | | | 5 | |
| 6.Premises and fixed assets (including capitalized leases) | | | 2145 | | | | 2,462,972 | | | | 6 | |
| 7.Other real estate owned (from Schedule RC-M) | | | 2150 | | | | 1,533,586 | | | | 7 | |
| 8.Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M) | | | 2130 | | | | 54,474 | | | | 8 | |
| 9.Direct and indirect investments in real estate ventures | | | 3656 | | | | 0 | | | | 9 | |
| 10. Intangible assets: | | | | | | | | | | | 10 | |
| a. Goodwill | | | 3163 | | | | 8,941,257 | | | | 10. | a |
| b. Other intangible assets (from Schedule RC-M) | | | 0426 | | | | 4,113,910 | | | | 10. | b |
| 11.Other assets (from Schedule RC-F) | | | 2160 | | | | 22,054,399 | | | | 11 | |
12.Total assets | | | 2170 | | | | 302,259,544 | | | | 12 | |
U.S. Bank National Association 425 Walnut Street Cincinnati, Ohio FDIC Certificate Number: 6548 | FFIEC 031 Consolidated Report of Condition for December 31, 2010 |
Schedule RC - Continued
Dollar Amounts in Thousands
| 13. Deposits: | | RCON | | | | | | | |
| a.In domestic offices: | | | 2200 | | | | 187,595,615 | | | | 13. | a |
(1)Noninterest-bearing | | | 6631 | | | | 45,785,953 | | | | 13. | a.1 |
| (2)Interest-bearing | | | 6636 | | | | 141,809,662 | | | | 13. | a.2 |
| b.In foreign offices, Edge and Agreement subsidiaries, and IBFs | | RCFN | | | | | | | | | |
| (from Schedule RC-E, part II) | | | 2200 | | | | 23,821,574 | | | | 13. | b |
(1)Noninterest-bearing | | | 6631 | | | | 0 | | | | 13. | b.1 |
| (2)Interest-bearing | | | 6636 | | | | 23,821,574 | | | | 13. | b.2 |
| 14.Federal funds purchased and securities sold under agreements to repurchase: | | RCON | | | | | | | | | |
a. Federal funds purchased in domestic offices | | | B993 | | | | 776,158 | | | | 14. | a |
| | | RCFD | | | | | | | | | |
b. Securities sold under agreements to repurchase | | | B995 | | | | 9,175,352 | | | | 14. | b |
| 15.Trading liabilities (from Schedule RC-D) | | | 3548 | | | | 524,005 | | | | 15 | |
| 16.Other borrowed money (includes mortgage indebtedness and obligations under | | | | | | | | | | | | |
capitalized leases) (from Schedule RC-M) | | | 3190 | | | | 33,939,855 | | | | 16 | |
| 17.Not applicable | | | | | | | | | | | 17 | |
| 18.Not applicable | | | | | | | | | | | 18 | |
19.Subordinated notes and debentures | | | 3200 | | | | 7,760,721 | | | | 19 | |
| 20.Other liabilities (from Schedule RC-G) | | | 2930 | | | | 7,839,191 | | | | 20 | |
21.Total liabilities | | | 2948 | | | | 271,432,471 | | | | 21 | |
| 22.Not applicable | | | | | | | | | | | 22 | |
| 23.Perpetual preferred stock and related surplus | | | 3838 | | | | 0 | | | | 23 | |
| 24.Common stock | | | 3230 | | | | 18,200 | | | | 24 | |
| 25.Surplus (exclude all surplus related to preferred stock) | | | 3839 | | | | 14,136,872 | | | | 25 | |
| 26. Not available | | | | | | | | | | | 26 | |
a.Retained earnings | | | 3632 | | | | 16,237,551 | | | | 26. | a |
| b.Accumulated other comprehensive income | | | B530 | | | | -1,302,030 | | | | 26. | b |
| c.Other equity capital components | | | A130 | | | | 0 | | | | 26. | c |
27.Not available | | | | | | | | | | | 27 | |
a.Total bank equity capital (sum of items 23 through 26.c) | | | 3210 | | | | 29,090,593 | | | | 27. | a |
b.Noncontrolling (minority) interests in consolidated subsidiaries | | | 3000 | | | | 1,736,480 | | | | 27. | b |
| 28. Total equity capital (sum of items 27.a and 27.b) | | | 105 | | | | 30,827,073 | | | | 28 | |
| 29.Total liabilities, minority interest, and equity capital (sum of items 21 and 28) | | | 3300 | | | | 302,259,544 | | | | 29 | |
| 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 | RCFD | | | |
| any date during 2008 | 6724 | | NR | M.1 |
| 2. Bank’s fiscal year-end date | 8678 | | NR | M.2 |
