Exhibit 25
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
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FORM T-1
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STATEMENT OF ELIGIBILITY UNDER THE
TRUST INDENTURE ACT OF 1939 OF A CORPORATION
DESIGNATED TO ACT AS TRUSTEE
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CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE
PURSUANT TO SECTION 305(b)(2)
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SUNTRUST BANK
(Exact name of trustee as specified in its charter)
25 PARK PLACE, N.E.
SUITE 1100 58-0466330
ATLANTA, GEORGIA 30303 (I.R.S. employer identification
(Address of principal (Zip Code) number)
executive offices)
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KRISTINE PRALL
SUNTRUST BANK
25 PARK PLACE, N.E.
24TH FLOOR
ATLANTA, GEORGIA 30303-2900
404-588-7296
(Name, address and telephone number of agent for service)
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GEORGIA GULF CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 58 - 1563799
(State or other (IRS employer
jurisdiction of incorporation identification no.)
or organization)
400 PERIMETER CENTER TERRACE, SUITE 595
ATLANTA, GEORGIA 30346
(Address of principal executive offices) (Zip Code)
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OFFER TO EXCHANGE ALL OUTSTANDING 10 3/8% SENIOR SUBORDINATED NOTES DUE 2007
FOR 10 3/8% SENIOR SUBORDINATED NOTES DUE 2007, WHICH HAVE BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933
(Title of the indenture securities)
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333-
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Registration No.
1. GENERAL INFORMATION.
Furnish the following information as to the trustee--
Name and address of each examining or supervising authority to
which it is subject.
DEPARTMENT OF BANKING AND FINANCE,
STATE OF GEORGIA
ATLANTA, GEORGIA
FEDERAL RESERVE BANK OF ATLANTA
104 MARIETTA STREET, N.W.
ATLANTA, GEORGIA
FEDERAL DEPOSIT INSURANCE CORPORATION
WASHINGTON, D.C.
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.
List below all exhibits filed as a part of this statement of
eligibility; 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 Rule 24 of the Commission's Rules of Practice.
(1) A copy of the Articles of Amendment and Restated Articles of
Association of the trustee as now in effect. (Exhibit 1 to Form
T-1, Registration No. 333-25463).
(2) A copy of the Certificate of Authority of the Trustee to Commence
Business (included in Exhibit 1).
(3) A copy of the Authorization of the Trustee to Exercise Corporate
Trust Powers (included in Exhibit 1).
(4) A copy of the existing By-laws of the Trustee (included in Exhibit
4 to Form T-1, Registration No. 333-25463).
(6) The Consent of the Trustee required by Section 321(b) of the Trust
Indenture Act
of 1939.
(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,
1999.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939 the
trustee, SunTrust Bank, a banking corporation organized and existing under the
laws of the State of Georgia, 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 and the State of Georgia, on the 9th day
of April, 2000.
SUNTRUST BANK
By: /S/ KRISTINE PRALL
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Kristine Prall
Trust Officer
EXHIBIT 6 TO FORM T-1
CONSENT OF TRUSTEE
Pursuant to the requirements of Section 321(b) of the Trust Indenture
Act of 1939 in connection with the proposed exchange of Senior Subordinated
Notes of Georgia Gulf Corporation, SunTrust Bank hereby consents that reports of
examinations by Federal, State, Territorial or District Authorities may be
furnished by such authorities to the Securities and Exchange Commission upon
request therefor.
SUNTRUST BANK
By: /S/ KRISTINE PRALL
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Kristine Prall
Trust Officer
EXHIBIT 7 TO FORM T-1
REPORT OF CONDITION
SUNTRUST BANK Call Date: 12/31/99 State #: 130330 FFIEC 031
P.O. BOX 4418 CENTER 632 Vendor ID: D Cert. #: 00867 RC-1
ATLANTA, GA 30302 Transit #: 61000104
CONSOLIDATED REPORT OF CONDITION FOR INSURED COMMERCIAL
AND STATE-CHARTERED SAVINGS BANKS FOR DECEMBER 31, 1999
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.
C400
SCHEDULE RC - BALANCE SHEET
Dollar Amounts in Thousands
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ASSETS
1. Cash and balances due from depository institutions (from Schedule RC-A): RCFD
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a. Noninterest-bearing balances and currency and coin (1)
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0081 979,460 1.a
b. Interest-bearing balances (2) 0071 8,271 1.b
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2. Securities:
a. Held-to-maturity securities (from Schedule RC-B, column A) 1754 0 2.a
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b. Available-for-sale securities (from Schedule RC-B, column D) 1773 3,595,042 2.b
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3. Federal funds sold and securities purchased under agreements to resell 1350 2,636,793 3.
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4. Loans and lease financing receivables: RCFD
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a. Loans and leases, net of unearned income (from Schedule RC-C) 2122 15,545,738 4.a
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b. LESS: Allowance for loan and lease losses 3123 123,398 4.b
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c. LESS: Allocated transfer risk reserve 3128 0 4.c
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d. Loans and leases, net of unearned income, RCFD
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allowance, and reserve (item 4.a minus 4.b and 4.c) 2125 15,422,340 4.d
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5. Trading assets (from Schedule RC-D) 3545 70,521 5.
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6. Premises and fixed assets (including capitalized leases) 2145 105,763 6.
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7. Other real estate owned (from Schedule RC-M) 2150 1,056 7.
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8. Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M) 2130 12,664 8.
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9. Customers' liability to this bank on acceptances outstanding 2155 179,939 9.
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10. Intangible assets (from Schedule RC-M) 2143 13,663 10.
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11. Other assets (from Schedule RC-F) 2160 300,624 11.
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12. Total assets (sum of items 1 through 11) 2170 23,326,136 12.
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(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
SUNTRUST BANK ATLANTA Call Date: 12/31/99 State #: 130330 FFIEC 031
P.O. BOX 4418 CENTER 632 Vendor ID: D Cert #: 00867 RC-2
ATLANTA, GA 30302 Transit #: 61000104
SCHEDULE RC - CONTINUED
Dollar Amounts in Thousands
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LIABILITIES
13. Deposits:
a. In domestic offices (sum of totals of columns A and C from Schedule RC-E,
RCON
part I) RCON ----
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(1) Noninterest-bearing (1) 6631 3,132,703 2200 7,354,964 13.a
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(2) Interest-bearing 6636 4,222,261 13.a.1
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b. In foreign offices, Edge and Agreement subsidiaries, and IBFs (from
Schedule RC-E, RCFN
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part II) RCF 2200 5,198,865 13.b
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(1) Noninterest-bearing 6631 0 13.b.1
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(2) Interest-bearing 6636 5,198,865 RCFD 13.b.2
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14. Federal funds purchased and securities sold under agreements to repurchase 2800 5,139,291 14
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RCON
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15. a. Demand notes issued to the U.S. Treasury 2840 0 15.a
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RCFD
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b. Trading liabilities (from Schedule RC-D) 3548 0 15.b
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16. Other borrowed money (includes mortgage indebtedness and
obligations under capitalized leases):
a. With a remaining maturity of one year or less 2332 459,758 16.a
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b. With a remaining maturity of more than one year through three years A547 250,000 16.b
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c. With a remaining maturity of more than three years A548 752,693 16.c
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17. Not applicable
18. Bank's liability on acceptances executed and outstanding 2920 179,939 18
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19. Subordinated notes and debentures(2) 3200 250,000 19
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20. Other liabilities (from Schedule RC-G) 2930 1,216,643 20
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21. Total liabilities (sum of items 13 through 20) 2948 20,802,153 21
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22. Not applicable
EQUITY CAPITAL
23. Perpetual preferred stock and related surplus 3838 0 23
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24. Common stock 3230 21,601 24
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25. Surplus (exclude all surplus related to preferred stock) 3839 853,406 25
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26. a. Undivided profits and capital reserves 3632 758,543 26.a
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b. Net unrealized holding gains (losses) on available-for-sale securities 8434 890,433 26.b
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c. Accumulated net gains (losses) on cash flow hedges 4336 026.c
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27. Cumulative foreign currency translation adjustments 3284 0 27
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28, Total equity capital (sum of items 23 through 27) 3210 2,523,983 28
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29. Total liabilities and equity capital (sum of items 21 and 28) 3300 23,326,136 29
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MEMORANDUM
TO BE REPORTED ONLY WITH THE MARCH REPORT OF CONDITION.
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 RCFD Number
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auditors as of any date during 1998 6724 N/A M.1
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1 = Independent audit of the bank conducted in accordance 4 = Directors' examination of the bank performed by other
with generally accepted auditing standards by a certified external auditors (may be required by state chartering
public accounting firm which submits a report on the bank authority)
2 = Independent audit of the bank's parent holding company 5 = Review of the bank's financial statements by external
conducted in accordance with generally accepted auditing auditors
standards by a certified public accounting firm which 6 = Compilation of the bank's financial statements by
submits a report on the consolidated holding company (but external auditors
not on the bank separately) 7 = Other audit procedures (excluding tax preparation work)
3 = Directors' examination of the bank conducted in accordance 8 = No external audit work
with generally accepted auditing standards by a certified
public accounting firm (may be required by state chartering
authority)
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(1) Includes total demand deposits and noninterest-bearing time and savings
deposits.
(2) Includes limited-life preferred stock and related surplus,