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) x
THE BANK OF NEW YORK TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)
| | |
Delaware | | 95-3571558 |
(State of incorporation if not a U.S. national bank) | | (I.R.S. employer identification no.) |
| |
700 South Flower Street, Suite 500 Los Angeles, California | | 90017 |
(Address of principal executive offices) | | (Zip code) |
Mildred Quinones-Holmes
Legal Department
The Bank of New York Trust Company, N.A.
One Wall Street, 29th Floor
New York, NY 10286
(212) 635-1889
(Name, address and telephone number of agent for service)
STANDARD PACIFIC CORP.
(Exact name of obligor as specified in its charter)
| | |
Delaware | | 33-0475989 |
(State or other jurisdiction of incorporation or organization) | | (I.R.S. employer identification no.) |
| |
15326 Alton Parkway Irvine, California | | 92618 |
(Address of principal executive offices) | | (Zip code) |
and the Guarantors listed on the next page
Debt Securities
and related Guarantees
(Title of the indenture securities)
GUARANTORS
| | | | | | |
Exact Name of Obligor as Specified in its Charter | | State or Other Jurisdiction of Incorporation or Organization | | IRS Employer Identification Number | | Address of Principal Executive Offices |
CH Construction, Inc. | | Delaware | | 20-0340137 | | 15326 Alton Parkway Irvine, California 92618 |
| | | |
CH Florida, Inc. | | Delaware | | 73-1655648 | | 15326 Alton Parkway Irvine, California 92618 |
| | | |
Hilltop Residential, Ltd. | | Florida | | 20-4357502 | | 15326 Alton Parkway Irvine, California 92618 |
| | | |
HSP Arizona, Inc. | | Delaware | | 86-0927140 | | 15326 Alton Parkway Irvine, California 92618 |
| | | |
HSP Tucson, Inc. | | Delaware | | 20-1372059 | | 15326 Alton Parkway Irvine, California 92618 |
| | | |
HWB Construction, Inc. | | Delaware | | 27-0019250 | | 15326 Alton Parkway Irvine, California 92618 |
| | | |
HWB Investments, Inc. | | Delaware | | 27-0019252 | | 15326 Alton Parkway Irvine, California 92618 |
| | | |
LB/L-Duc II Franceschi, LLC | | Delaware | | 95-4847477 | | 15326 Alton Parkway Irvine, California 92618 |
| | | |
LMD El Dorado 134, LLC | | California | | 30-0115867 | | 15326 Alton Parkway Irvine, California 92618 |
| | | |
OLP Forty Development, LLC. | | Florida | | 54-2074198 | | 15326 Alton Parkway Irvine, California 92618 |
| | | |
Pala Village Investments, Inc. | | Delaware | | 43-1966616 | | 15326 Alton Parkway Irvine, California 92618 |
| | | |
Residential Acquisition GP, LLC | | Florida | | 20-4357574 | | 15326 Alton Parkway Irvine, California 92618 |
| | | |
SP Colony Investments, Inc. | | Delaware | | 74-3044903 | | 15326 Alton Parkway Irvine, California 92618 |
| | | |
SP Coppenbarger Investments, Inc. | | Delaware | | 20-0340118 | | 15326 Alton Parkway Irvine, California 92618 |
| | | |
SP La Floresta, Inc. | | Delaware | | 20-0480222 | | 15326 Alton Parkway Irvine, California 92618 |
| | | |
SP Texas Investments, Inc. | | Delaware | | 73-1629264 | | 15326 Alton Parkway Irvine, California 92618 |
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SP Ventura Investments, Inc. | | Delaware | | 20-2994482 | | 15326 Alton Parkway Irvine, California 92618 |
| | | |
SPLB, Inc. | | Delaware | | 20-2697984 | | 15326 Alton Parkway Irvine, California 92618 |
| | | |
SPNS Golden Gate LLC | | Delaware | | 33-0549584 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific 1, Inc. | | Delaware | | 20-4356066 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific 2, Inc. | | Delaware | | 20-4356126 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific 3, Inc. | | Delaware | | 20-4356153 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific 4, Inc. | | Delaware | | 20-4356269 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific 5, Inc. | | Delaware | | 20-4356328 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific 6, Inc. | | Delaware | | 20-4356653 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific 7, Inc. | | Delaware | | 20-4356698 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific 8, Inc. | | Delaware | | 20-4356795 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific 9, Inc. | | Delaware | | 20-4356844 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific 10, Inc. | | Delaware | | 20-4356880 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific 1, LLC | | Delaware | | 20-4357090 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific 2, LLC | | Delaware | | 20-4357125 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific 3, LLC | | Delaware | | 20-4357154 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific 4, LLC | | Delaware | | 20-4357196 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific 5, LLC | | Delaware | | 20-4357232 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific 6, LLC | | Delaware | | 20-4357295 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific 7, LLC | | Delaware | | 20-4357332 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific 8, LLC | | Delaware | | 20-4357364 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific 9, LLC | | Delaware | | 20-4357403 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific 10, LLC | | Delaware | | 20-4357442 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific Active Adult Communities, Inc. | | Delaware | | 33-0919667 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific of Arizona, Inc. | | Delaware | | 86-0927144 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific of Central Florida GP, Inc. | | Delaware | | 74-3044904 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific of Central Florida, general partnership | | Florida | | 74-3044855 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific of Colorado, Inc. | | Delaware | | 94-3361834 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific of Fullerton, Inc. | | Delaware | | 33-0702275 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific of Illinois, Inc. | | Delaware | | 20-3317424 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific of Jacksonville GP, Inc. | | Delaware | | 20-0302127 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific of Jacksonville, general partnership | | Florida | | 11-3708719 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific of Las Vegas, Inc. | | Delaware | | 20-2834287 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific of Orange County, Inc. | | Delaware | | 33-0558026 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific of South Florida GP, Inc. | | Delaware | | 27-0019247 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific of South Florida, general partnership | | Florida | | 65-0643480 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific of Southwest Florida GP, Inc. | | Delaware | | 74-3066978 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific of Southwest Florida, general partnership | | Florida | | 81-0579292 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific of Tampa GP, Inc. | | Delaware | | 41-2062547 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific of Tampa, general partnership | | Florida | | 81-0579276 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific of Texas GP, Inc. | | Delaware | | 26-0038860 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific of Texas, L.P. | | Delaware | | 33-0489819 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific of the Carolinas, LLC | | Delaware | | 59-3483072 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific of Tonner Hills, LLC | | Delaware | | 20-0350714 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific of Tucson, Inc. | | Delaware | | 20-1372020 | | 15326 Alton Parkway Irvine, California 92618 |
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Standard Pacific of Walnut Hills, Inc. | | Delaware | | 03-0505710 | | 15326 Alton Parkway Irvine, California 92618 |
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Walnut Hills Development 268, LLC | | California | | 71-0940169 | | 15326 Alton Parkway Irvine, California 92618 |
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Westfield Homes USA, Inc. | | Delaware | | 71-0898386 | | 15326 Alton Parkway Irvine, California 92618 |
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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. |
| | |
Name | | Address |
Comptroller of the Currency – United States Department of the Treasury | | Washington, D.C. 20219 |
| |
Federal Reserve Bank | | San Francisco, California 94105 |
| |
Federal Deposit Insurance Corporation | | Washington, D.C. 20429 |
| (b) | Whether it is authorized to exercise corporate trust powers. |
Yes.
2. | Affiliations with Obligors. |
If any obligor is an affiliate of the trustee, describe each such affiliation.
None.
Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”) and 17 C.F.R. 229.10(d).
| 1. | A copy of the articles of association of The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 which is incorporated by reference). |
| 2. | A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948 which is incorporated by reference). |
| 3. | A copy of the authorization of the trustee to exercise corporate trust powers. (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-121948 which is incorporated by reference). |
| 4. | A copy of the existing by-laws of the trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-121948 which is incorporated by reference). |
| 6. | The consent of the trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-121948 which is incorporated by reference). |
| 7. | A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority. |
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SIGNATURE
Pursuant to the requirements of the Act, the trustee, The Bank of New York Trust Company, N.A., a 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 Chicago, and State of Illinois, on the 22nd day of February, 2007.
| | |
THE BANK OF NEW YORK TRUST COMPANY, N.A. |
| |
By: | | /s/ Sharon K. McGrath |
| | Sharon K. McGrath |
| | Vice President |
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EXHIBIT 7
Consolidated Report of Condition of
THE BANK OF NEW YORK TRUST COMPANY, N.A.
of 700 South Flower Street, Suite 200, Los Angeles, CA 90017
At the close of business September 30, 2006, published in accordance with Federal regulatory authority instructions.
| | | |
| | Dollar Amounts in Thousands |
ASSETS | | | |
Cash and balances due from depository institutions: | | | |
Noninterest-bearing balances and currency and coin | | | 3,188 |
Interest-bearing balances | | | 0 |
Securities: | | | |
Held-to-maturity securities | | | 56 |
Available-for-sale securities | | | 64,467 |
Federal funds sold and securities purchased under agreements to resell: | | | |
Federal funds sold | | | 49,000 |
Securities purchased under agreements to resell | | | 128,000 |
Loans and lease financing receivables: | | | |
Loans and leases held for sale | | | 0 |
Loans and leases, net of unearned income | | | 0 |
LESS: Allowance for loan and lease losses | | | 0 |
Loans and leases, net of unearned income and allowance | | | 0 |
Trading assets | | | 0 |
Premises and fixed assets (including capitalized leases) | | | 3,808 |
Other real estate owned | | | 0 |
Investments in unconsolidated subsidiaries and associated companies | | | 0 |
Not applicable | | | |
Intangible assets: | | | |
Goodwill | | | 267,486 |
Other Intangible Assets | | | 15,230 |
Other assets | | | 40,470 |
| | | |
Total assets | | $ | 571,705 |
| | | |
1
| | |
LIABILITIES | | |
Deposits: | | |
In domestic offices | | 2,039 |
Noninterest-bearing | | 2,039 |
Interest-bearing | | 0 |
Not applicable | | |
Federal funds purchased and securities sold under agreements to repurchase: | | |
Federal funds purchased | | 0 |
Securities sold under agreements to repurchase | | 0 |
Trading liabilities | | 0 |
Other borrowed money: | | |
(includes mortgage indebtedness and obligations under capitalized leases) | | 58,000 |
Not applicable | | |
Not applicable | | |
Subordinated notes and debentures | | 0 |
Other liabilities | | 85,004 |
Total liabilities | | 145,043 |
| | |
Minority interest in consolidated subsidiaries | | 0 |
EQUITY CAPITAL | | |
Perpetual preferred stock and related surplus | | 0 |
Common stock | | 1,000 |
Surplus (exclude all surplus related to preferred stock) | | 321,520 |
Retained earnings | | 104,139 |
Accumulated other comprehensive income | | 3 |
Other equity capital components | | 0 |
Total equity capital | | 426,662 |
| | |
Total liabilities, minority interest, and equity capital (sum of items 21, 22, and 28) | | 571,705 |
| | |
I, William J. Winkelmann, Vice President of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.
| | |
William J. Winkelmann ) | | Vice President |
We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date 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.
| | | | |
Michael K. Klugman, President | | ) | | |
Michael F. McFadden, MD | | ) | | Directors (Trustees) |
Frank P. Sulzberger, Vice President | | ) | | |
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