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) [ ]
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)
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N/A | | 95-3571558 |
(State of incorporation if not a U.S. national bank) | | (I.R.S. employer identification no.) |
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700 South Flower Street, Suite 500 Los Angeles, California | | 90017 |
(Address of principal executive offices) | | (Zip code) |
Legal Department
The Bank of New York Mellon Trust Company, N.A.
One Wall Street, 15th Floor
New York, NY 10286
(212) 635-1270
(Name, address and telephone number of agent for service)
STANDARD PACIFIC CORP.
(Exact name of obligor as specified in its charter)
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Delaware | | 33-0475989 |
(State or other jurisdiction of incorporation or organization) | | (I.R.S. Employer Identification No.) |
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26 Technology Drive Irvine, California | | 92618 |
(Address of principal executive offices) | | (Zip code) |
(See table of co-obligors on following page)
Standard Pacific Corp.’s 10.750% Senior Notes due 2016
(Title of the indenture securities)
TABLE OF CO-OBLIGORS
The following direct and indirect wholly-owned subsidiaries of Standard Pacific Corp. will guarantee Standard Pacific Corp.’s 10.750% Senior Notes due 2016 and are co-obligors.
| | | | |
Name of Subsidiary Guarantor | | Jurisdiction of Incorporation or Organization | | I.R.S. Employer Identification No. |
Barrington Estates, LLC | | Delaware | | 20-4532769 |
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CH Construction, Inc. | | Delaware | | 20-0340137 |
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CH Florida, Inc. | | Delaware | | 73-1655648 |
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Hilltop Residential, Ltd. | | Florida | | 20-4357502 |
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HSP Arizona, Inc. | | Delaware | | 86-0927140 |
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HSP Tucson, Inc. | | Delaware | | 20-1372059 |
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HWB Construction, Inc. | | Delaware | | 27-0019250 |
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HWB Investments, Inc. | | Delaware | | 27-0019252 |
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Lagoon Valley Residential, LLC | | California | | 20-2636836 |
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LB/L-Duc II Franceschi, LLC | | Delaware | | 95-4847477 |
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Pala Village Investments, Inc. | | Delaware | | 43-1966616 |
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Residential Acquisition GP, LLC | | Florida | | 20-4357574 |
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SP Colony Investments, Inc. | | Delaware | | 74-3044903 |
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SP Coppenbarger Investments, Inc. | | Delaware | | 20-0340118 |
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SP La Floresta, Inc. | | Delaware | | 20-0480222 |
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SPNS Golden Gate, LLC | | Delaware | | 33-0549584 |
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Standard Pacific 1, Inc. | | Delaware | | 20-4356066 |
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Standard Pacific 1, LLC | | Delaware | | 20-4357090 |
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Standard Pacific 2, LLC | | Delaware | | 20-4357125 |
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Standard Pacific of Arizona, Inc. | | Delaware | | 86-0927144 |
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Standard Pacific of Central Florida GP, Inc. | | Delaware | | 74-3044904 |
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Standard Pacific of Central Florida, general partnership | | Florida | | 74-3044855 |
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Standard Pacific of Colorado, Inc. | | Delaware | | 94-3361834 |
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Standard Pacific of Florida GP, Inc. | | Delaware | | 20-4356126 |
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Standard Pacific of Fullerton, Inc. | | Delaware | | 33-0702275 |
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Standard Pacific of Illinois, Inc. | | Delaware | | 20-3317424 |
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Standard Pacific of Jacksonville GP, Inc. | | Delaware | | 20-0302127 |
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Standard Pacific of Jacksonville, general partnership | | Florida | | 11-3708719 |
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Standard Pacific of Las Vegas, Inc. | | Delaware | | 20-2834287 |
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Standard Pacific of Orange County, Inc. | | Delaware | | 33-0558026 |
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Standard Pacific of South Florida GP, Inc. | | Delaware | | 27-0019247 |
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Standard Pacific of South Florida, general partnership | | Florida | | 65-0643480 |
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Standard Pacific of Southwest Florida GP, Inc. | | Delaware | | 74-3066978 |
| | | | |
Standard Pacific of Southwest Florida, general partnership | | Florida | | 81-0579292 |
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Standard Pacific of Tampa GP, Inc. | | Delaware | | 41-2062547 |
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Standard Pacific of Tampa, general partnership | | Florida | | 81-0579276 |
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Standard Pacific of Texas, Inc. | | Delaware | | 20-4356880 |
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Standard Pacific of the Carolinas, LLC | | Delaware | | 59-3483072 |
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Standard Pacific of Tonner Hills, LLC | | Delaware | | 20-0350714 |
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Standard Pacific of Tucson, Inc. | | Delaware | | 20-1372020 |
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Standard Pacific of Walnut Hills, Inc. | | Delaware | | 03-0505710 |
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Westfield Homes USA, Inc. | | Delaware | | 71-0898386 |
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. |
| | |
Name | | Address |
Comptroller of the Currency – United States Department of the Treasury | | Washington, D.C. 20219 |
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Federal Reserve Bank | | San Francisco, California 94105 |
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Federal Deposit Insurance Corporation | | Washington, D.C. 20429 |
| (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.
Item 16. | List of Exhibits. |
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 Mellon Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-135006) |
| 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). |
| 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. 333-135006). |
| 4. | A copy of the existing by-laws of the trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-135006). |
| 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. 333-135006). |
| 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. |
SIGNATURE
Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon 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 5th day of November, 2009.
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THE BANK OF NEW YORK MELLON |
TRUST COMPANY, N.A. |
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By: | | /s/ Sharon McGrath |
Name: | | Sharon McGrath |
Title: | | Vice President |
EXHIBIT 7
Consolidated Report of Condition of
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
of 700 South Flower Street, Suite 200, Los Angeles, CA 90017
At the close of business June 30, 2009, 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 | | | 4,627 |
Interest-bearing balances | | | 111,263 |
Securities: | | | |
Held-to-maturity securities | | | 22 |
Available-for-sale securities | | | 492,259 |
Federal funds sold and securities purchased under agreements to resell: | | | |
Federal funds sold | | | 0 |
Securities purchased under agreements to resell | | | 0 |
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) | | | 11,783 |
Other real estate owned | | | 0 |
Investments in unconsolidated subsidiaries and associated companies | | | 1 |
Not applicable | | | |
Intangible assets: | | | |
Goodwill | | | 876,153 |
Other Intangible Assets | | | 258,262 |
Other assets | | | 157,588 |
| | | |
Total assets | | $ | 1,911,958 |
| | | |
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LIABILITIES | | |
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Deposits: | | |
In domestic offices | | 599 |
Noninterest-bearing | | 599 |
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) | | 268,691 |
Not applicable | | |
Not applicable | | |
Subordinated notes and debentures | | 0 |
Other liabilities | | 195,831 |
Total liabilities | | 465,121 |
Minority interest in consolidated subsidiaries | | 0 |
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EQUITY CAPITAL | | |
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Perpetual preferred stock and related surplus | | 0 |
Common stock | | 1,000 |
Surplus (exclude all surplus related to preferred stock) | | 1,121,520 |
Retained earnings | | 321,726 |
Accumulated other comprehensive income | | 2,591 |
Other equity capital components | | 0 |
Total equity capital | | 1,446,837 |
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Total liabilities and equity capital (sum of items 21 and 28) | | 1,911,958 |
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I, Karen Bayz, 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.
Karen Bayz ) 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 | | ) | | | | |
Frank P. Sulzberger, MD | | ) | | Directors (Trustees) | | |
William D. Lindelof, VP | | ) | | | | |