Exhibit 25.1
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 CHASE MANHATTAN BANK
(Exact name of trustee as specified in its charter)
New York 13-4994650
(State of incorporation (I.R.S. employer
if not a national bank) identification No.)
270 Park Avenue
New York, New York 10017
(Address of principal executive offices) (Zip Code)
William H. McDavid
General Counsel
270 Park Avenue
New York, New York 10017
Tel: (212) 270-2611
(Name, address and telephone number of agent for service)
TRITON ENERGY CORPORATION
(Exact name of obligor as specified in its charter)
Delaware 75-1151855
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification No.)
688 North Central Expressway
Suite 1400
Dallas, Texas 75206-9926
(Address of principal executive offices) (Zip Code)
TRITON ENERGY LIMITED
(Exact name of obligor [guarantor] as specified in its charter)
Cayman Islands Not Applicable
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification No.)
Caledonian House
Mary Street, P.O. Box 1043
George Town Grand Cayman, Cayman Islands Not Applicable
(Address of principal executive offices) (Zip Code)
Senior Debt Securities
(Title of the indenture securities)
GENERAL
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.
New York State Banking Department, State House, Albany, New
York 12110.
Board of Governors of the Federal Reserve System, Washington,
D.C., 20551
Federal Reserve Bank of New York, District No. 2, 33 Liberty
Street, New York, N.Y.
Federal Deposit Insurance Corporation, Washington, D.C.
20429.
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
Item 2. Affiliations with the Obligor.
If the obligor is an affiliate of the trustee, describe each such
affiliation.
None.
Item 16. List of Exhibits
List below all exhibits filed as a part of this Statement of
Eligibility.
1. A copy of the Articles of Association of the Trustee as now
in effect, including the Organization Certificate and the Certificates of
Amendment dated February 17, 1969, August 31, 1977, December 31, 1980,
September 9, 1982, February 28, 1985, December 2, 1991 and July 10, 1996 (see
Exhibit 1 to Form T-1 filed in connection with Registration Statement No. 333-
06249 which is incorporated by reference).
2. A copy of the Certificate of Authority of the Trustee to
Commence Business (see Exhibit 2 to Form T-1 filed in connection with
Registration Statement No. 33-50010, which is incorporated by reference.
On July 14, 1996, in connection with the merger of Chemical Bank and The Chase
Manhattan Bank (National Association), Chemical Bank, the surviving corporation,
was renamed The Chase Manhattan Bank).
3. None, authorization to exercise corporate trust powers being
contained in the documents identified above as Exhibits 1 and 2.
4. A copy of the existing By-Laws of the Trustee (see Exhibit 4
to Form T-1 filed in connection with Registration Statement No. 333-06249,
which is incorporated by reference).
5. Not applicable.
6. The consent of the Trustee required by Section 321(b) of the
Act (see Exhibit 6 to Form T-1 filed in connection with Registration Statement
No. 33-50010, which is incorporated by reference. On July 14, 1996, in
connection with the merger of Chemical Bank and The Chase Manhattan Bank
(National Association), Chemical Bank, the surviving corporation, was renamed
The Chase Manhattan Bank).
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. (On July 14, 1996, in connection with the merger of Chemical Bank
and The Chase Manhattan Bank (National Association), Chemical Bank, the
surviving corporation, was renamed The Chase Manhattan Bank).
8. Not applicable.
9. Not applicable.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939
the Trustee, Chemical Bank, a corporation organized and existing under the
laws of the State of New York, 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 4th day of September, 1996.
THE CHASE MANHATTAN BANK
By /s/ GREGORY MCFARLANE
-----------------------
Gregory McFarlane
Vice President
Exhibit 7 to Form T-1
Bank Call Notice
RESERVE DISTRICT NO. 2
CONSOLIDATED REPORT OF CONDITION OF
The Chase Manhattan Bank
of 270 Park Avenue, New York, New York 10017
and Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System,
at the close of business March 31, 1996, in
accordance with a call made by the Federal Reserve Bank of this
District pursuant to the provisions of the Federal Reserve Act.
Dollar Amounts
ASSETS in Millions
Cash and balances due from depository
institutions:
Noninterest-bearing balances and
currency and coin . . . . . . . $4,167
Interest-bearing balances . . . . . . . . 5,094
Securities:
Held to maturity securities . . . . . . . . . 3,367
Available for sale securities . . . . . . . . 27,786
Federal Funds sold and securities
purchased under agreements to resell
in domestic offices of the bank and of
its Edge and Agreement subsidiaries,
and in IBF's:
Federal funds sold . . . . . . . . . . . 7,204
Securities purchased under agreements to
resell . . . . . . . . . . . . . . . . . 136
Loans and lease financing receivables:
Loans and leases, net of unearned income . $ 67,215
Less: Allowance for loan and lease losses. 1,768
Less: Allocated transfer risk reserve . . 75
--------
Loans and leases, net of
unearned income, allowance, and reserve . . . . . 65,372
Trading Assets . . . . . . . . . . . . . . . 28,610
Premises and fixed assets (including
capitalized leases) . . . . . . . . . . . . . 1,326
Other real estate owned . . . . . . . . . . . 20
Investments in unconsolidated
subsidiaries and associated companies . . 68
Customer's liability to this bank on
acceptances outstanding . . . . . . . . . . . 995
Intangible assets . . . . . . . . . . . . . . 309
Other assets . . . . . . . . . . . . . . . . 6,993
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TOTAL ASSETS . . . . . . . . . . . . . . . . $151,453
--------
LIABILITIES
Deposits
In domestic offices . . . . . . . . . . . $46,917
Noninterest-bearing . . . . . . . . . . . $16,711
Interest-bearing . . . . . . . . . . . . 30,206
-------
In foreign offices, Edge and Agreement
subsidiaries, and IBF's . . . . . . . . . 31,577
Noninterest-bearing . . . . . . . . . . . $ 2,197
Interest-bearing . . . . . . . . . . . . 29,380
-------
Federal funds purchased and securities
sold under agreements to repurchase in
domestic offices of the bank and of
its Edge and Agreement subsidiaries,
and in IBF's federal funds purchased . . 12,155
Securities sold under agreements to
repurchase . . . . . . . . . . . . . . . 8,536
Demand notes issued to the U.S. Treasury . . 1,000
Trading liabilities . . . . . . . . . . . . . 20,914
Other Borrowed money:
With a remaining maturity of one year or
less . . . . . . . . . . . . . . . . . . 10,018
With a remaining maturity of more than
one year . . . . . . . . . . . . . . . . 192
Mortgage indebtedness and obligations under
capitalized leases . . . . . . . . . . . . . 12
Bank's liability on acceptances executed and
outstanding . . . . . . . . . . . . . . . . . 1,001
Subordinated notes and debentures . . . . . . 3,411
Other liabilities . . . . . . . . . . . . . . 8,091
TOTAL LIABILITIES . . . . . . . . . . . . . . 143,824
EQUITY CAPITAL
Common stock . . . . . . . . . . . . . . . . 620
Surplus . . . . . . . . . . . . . . . . . . . 4,664
Undivided profits and capital reserves . . . 2,970
Net unrealized holding gains (Losses) on
available-for-sale securities . . . . . . (633)
Cumulative foreign currency translation
adjustments . . . . . . . . . . . . . . . . . 8
TOTAL EQUITY CAPITAL . . . . . . . . . . . . 7,629
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TOTAL LIABILITIES, LIMITED-LIFE PREFERRED
STOCK AND EQUITY CAPITAL . . . . . . . . $151,453
I, Joseph L. Sclafani, S.V.P. & Controller of the above-named bank, do hereby
declare that this Report of Condition has been prepared in conformance with the
instructions issued by the appropriate Federal regulatory authority and is true
to the best of my knowledge and belief.
JOSEPH L. SCLAFANI
We, the undersigned directors, attest to the correctness of this Report of
Condition and declare that it has been examined by us, and to the best of our
knowledge and belief has been prepared in conformation with the instructions
issued by the appropriate Federal regulatory authority and is true and correct.
WALTER V. SHIPLEY )
EDWARD D. MILLER ) DIRECTORS
THOMAS G. LABRECQUE )