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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) o
WACHOVIA BANK, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
22-1147033
(I.R.S. Employer Identification No.)
301 SOUTH COLLEGE STREET, CHARLOTTE, NORTH CAROLINA
(Address of principal executive offices)
28288-0630
(Zip Code)
WACHOVIA BANK, NATIONAL ASSOCIATION,
ONE PENN PLAZA, SUITE 1414
NEW YORK, NEW YORK 10119
ATTENTION: CORPORATE TRUST ADMINISTRATION
(212) 273-7012
(Name, address and telephone number of agent for service)
YOUNG BROADCASTING INC.
(Exact name of obligor as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
13-3339681
(I.R.S. Employer Identification No.)
YOUNG BROADCASTING OF LANSING, INC.
(Exact Name of Obligor as Specified in its Charter)
Michigan
(State or other jurisdiction of Incorporation or Organization)
38-2826434
(I.R.S. Employer Identification No.)
YOUNG BROADCASTING OF LOUISIANA, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
13-3464633
(I.R.S. Employer Identification No.)
YOUNG BROADCASTING OF NASHVILLE, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
62-1391810
(I.R.S. Employer Identification No.)
YOUNG BROADCASTING OF ALBANY, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
14-1718758
(I.R.S. Employer Identification No.)
WINNEBAGO TELEVISION CORPORATION
(Exact Name of Obligor as Specified in its Charter)
Illinois
(State or other jurisdiction of Incorporation or Organization)
36-2239648
(I.R.S. Employer Identification No.)
KLFY, L.P.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
51-0325249
(I.R.S. Employer Identification No.)
2
LAT, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
51-0325252
(I.R.S. Employer Identification No.)
YBT, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
51-0325250
(I.R.S. Employer Identification No.)
YOUNG BROADCASTING OF RICHMOND, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
51-0356703
(I.R.S. Employer Identification No.)
YOUNG BROADCASTING OF GREEN BAY, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
51-0356704
(I.R.S. Employer Identification No.)
YOUNG BROADCASTING OF KNOXVILLE, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
51-0356702
(I.R.S. Employer Identification No.)
3
YBK, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
51-0356705
(I.R.S. Employer Identification No.)
HONEY BUCKET FILMS, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
13-4062522
(I.R.S. Employer Identification No.)
ADAM YOUNG INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
13-1516500
(I.R.S. Employer Identification No.)
YOUNG BROADCASTING OF SAN FRANCISCO, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
52-2242171
(I.R.S. Employer Identification No.)
YOUNG BROADCASTING OF RAPID CITY, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
13-3884784
(I.R.S. Employer Identification No.)
4
YOUNG BROADCASTING OF SIOUX FALLS, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
13-3884783
(I.R.S. Employer Identification No.)
YOUNG BROADCASTING OF DAVENPORT, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
13-3858546
(I.R.S. Employer Identification No.)
WATE, G.P.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
51-0356837
(I.R.S. Employer Identification No.)
WKRN, G.P.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
13-3577063
(I.R.S. Employer Identification No.)
599 Lexington Avenue
New York, New York
(Address of principal executive offices)
10022
(Zip Code)
81/2% Senior Notes due 2008
(Title of indenture securities)
5
1. General information.
Furnish the following information as to the trustee:
- a)
- Name and address of each examining or supervisory authority to which it is subject:
Comptroller of the Currency
United States Department of the Treasury
Washington, D.C. 20219
Federal Reserve Bank
Richmond, Virginia 23219
Federal Deposit Insurance Corporation
Washington, D.C. 20429
- b)
- Whether it is authorized to exercise corporate trust powers.
Yes.
2. Affiliations with obligor.
If the obligor is an affiliate of the trustee, describe each such affiliation.
None.
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.
- Copy of Articles of Association of the trustee as now in effect. (Previously filed with the Securities and Exchange Commission on March 16, 1998 as an Exhibit to Form T-1 in connection with Registration Statement Number 333-47985.)
- 2.
- Copy of the Certificate of the Comptroller of the Currency dated March 4, 1998, evidencing the authority of the trustee to transact business. (Previously filed with the Securities and Exchange Commission on July 15, 1998 as an Exhibit to Form T-1 in connection with Registration Statement Number 333-59145.)
- 3.
- Copy of the Certification of Fiduciary Powers of the trustee by the Office of the Comptroller of the Currency dated April 7, 1999. (Previously filed with the Securities and Exchange Commission on May 20, 1999 in connection with Registration Statement Number 333-78927.)
- 4.
- Copy of existing by-laws of the trustee.(Previously filed with the Securities and Exchange Commission on April 30, 2001 in connection with Registration Statement Number 333-59848.)
- 6.
- Consent of the trustee required by Section 321(b) of the Act. (Previously filed with the Securities and Exchange Commission on April 30, 2001 in connection with Registration Statement Number 333-59848.)
- 7.
- Copy of latest report of condition of the trustee published pursuant to the requirements of its supervising authority. (Filed herewith.)
6
The trustee disclaims responsibility for the accuracy or completeness of information contained in this Statement of Eligibility not known to the trustee and not obtainable by it through reasonable investigation and as to which information it has obtained from the obligor and has had to rely or will obtain from the principal underwriters and will have to rely.
7
Pursuant to the requirements of the Trust Indenture Act of 1939, the trustee, Wachovia 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 New York and State of New York, on the 19th day of March, 2004.
| WACHOVIA BANK, NATIONAL ASSOCIATION | |||
By: | /s/ DAVID MASSA Name:DAVID MASSA Title:VICE PRESIDENT | ||
8
REPORT OF CONDITION
Wachovia Bank National Association
Statement of Financial Condition
As of 12/31/2003
Consolidating domestic and foreign subsidiaries of the First Union National Bank, Charlotte, North Carolina, at the close of business on December 31, 2000 published in response to call made by Comptroller of the Currency, under title 12, United States Code, Section 161. Charter Number 22693 Comptroller of the Currency.
Statement of Resources and Liabilities
| | Thousand of Dollars | ||||
|---|---|---|---|---|---|
| ASSETS | |||||
| Cash and balance due from depository institutions: | |||||
| Noninterest-bearing balances and currency and coin | 12,097,000 | ||||
| Interest-bearing balances | 700,000 | ||||
| Securities | ///// | ||||
| Held-to-maturity securities (from Schedule RC-B, column A) | 0 | ||||
| Available-for-sale securities (from schedule RC-B, column D) | 97,451,000 | ||||
| Federal funds sold and securities purchased under agreements to resell | 0 | ||||
| Federal funds sold in domestic offices | 464,000 | ||||
| Securities purchased under agreements to resell | 4,667,000 | ||||
| Loans and lease financing receivables (from Schedule RC-C): | |||||
| Loan and leases held for sale | 13,152,000 | ||||
| Loan and leases, net of unearned income | 162,784,000 | ||||
| LESS: Allowance for loan and lease losses | 2,434,000 | ||||
| LESS: Allocated transfer risk reserve | 0 | ||||
| Loans and leases, net of unearned income and allowance (item.4.b misus 4.c) | 160,350,000 | ||||
| Trading assets (from Schedule RC-D) | 24,824,000 | ||||
| Premises and fixed assets (including capitalized leases) | 3,748,000 | ||||
| Other real estate owned (from Schedule RC-M) | 142,000 | ||||
| Investment in unconsolidated subsidiaries and associated companies (from Schedule RC-M) | 866,000 | ||||
| Customer's liability to this bank on acceptances outstanding | 854,000 | ||||
| Intangible assets | |||||
| Goodwill | 9,538,000 | ||||
| Other intangible assets (from Schedule RC-M) | 1,537,000 | ||||
| Other assets (from Schedule RC-F) | 23,151,000 | ||||
| Total assets | 353,541,000 | ||||
LIABILITIES | |||||
| Deposits: | |||||
| In domestic offices | 211,576,000 | ||||
| Noninterest-bearing | 14,797,000 | ||||
| Interest-bearing | 196,779,000 | ||||
| In foreign offices, Edge and Agreement subsidiaries, and IBFs (from Schedule RC-E, partII) | 14,252,000 | ||||
| Noninterest-bearing | 49,000 | ||||
| Interest-bearing | 14,203,000 | ||||
| Federal funds purchased in domestic offices(2) | 4,363,000 | ||||
| Securities sold under agreements to repurchase(3) | 24,808,000 | ||||
| Trading liabilities(from Schedule RC-D) | 15,073,000 | ||||
Other borrowed money (includes mortgage indebtedness and obligations under Capitalized leases)(from Schedule RC-M) | 29,254,000 | ||||
| Bank's liability on acceptances executed and outstanding | 876,000 | ||||
| Subordinated notes and debentures. | 8,549,000 | ||||
| Other liabilities | 12,100,000 | ||||
| Total liabilities | 320,851,000 | ||||
| Minority Interest in consolidated subsidiaries | 2,301,000 | ||||
EQUITY CAPITAL | |||||
| Perpetual preferred stock and related surplus | 0 | ||||
| Common Stock | 455,000 | ||||
| Surplus | 24,216,000 | ||||
| Retained Earnings | 4,415,000 | ||||
| Accumulated other comprehensive income | 1,303,000 | ||||
| Other Equity Capital components | 0 | ||||
| Total equity capital (sum of item 23 through 27) | 30,389,000 | ||||
| Total liabilities and equity capital (sum of items 21,22, and 28 | 353,541,000 | ||||
NOTE
SIGNATURE
Wachovia Bank National Association Statement of Financial Condition As of 12/31/2003