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)
STATE STREET BANK AND TRUST COMPANY
(Exact name of trustee as specified in its charter)
Massachusetts 04-1867445
(Jurisdiction of incorporation or (I.R.S. Employer
organization if not a U.S. national bank) Identification No.)
225 Franklin Street, Boston, Massachusetts 02110
(Address of principal executive offices) (Zip Code)
Maureen Scannell Bateman, Esq. Executive Vice President and General Counsel
225 Franklin Street, Boston, Massachusetts 02110
(617) 654-3253
(Name, address and telephone number of agent for service)
AEI RESOURCES, INC.
(Exact name of obligor as specified in its charter)
DELAWARE 61-1325837
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1500 NORTH BIG RUN ROAD, ASHLAND, KY 41102
(Address of principal executive offices) (Zip Code)
(TYPE OF SECURITIES)
11-1/2% Senior Subordinated Notes due 2006, Series A and B
*TABLE OF ADDITIONAL REGISTRANT GUARANTORS
- -----------------------------------------------------------------------------------------------------------------
Address, including
Zip
State or Other Code and Telephone
Jurisdiction of IRS Employer Number of Registrant
Exact Name Incorporation or Identification Guarantor's Principal
of Registrant Guarantor Organization Number Executive Offices
- -----------------------------------------------------------------------------------------------------------------
17 West Mining (f/k/a Martiki Coal Delaware 1500 North Big Run Rd.
Corporation) Ashland, KY 41102
- -----------------------------------------------------------------------------------------------------------------
Aceco, Inc. Kentucky 61-0855680 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Addington Mining, Inc. Kentucky 61-0855680 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
AEI Coal Sales Company, Inc. Kentucky 61-1331912 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
AEI Holding Company, Inc. Delaware 61-1325837 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
AEI Resources Holding, Inc. Delaware 61-1331911 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Americoal Development Company Delaware 37-1302915 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Appalachian Realty Company Kentucky 36-3336051 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Ayrshire Land Company Delaware 06-1208946 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Beech Coal Company Delaware 06-1187153 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Bellaire Trucking Company Delaware 76-0012930 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Bentley Coal Company New York 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Bluegrass Coal Development Company Delaware 76-0078312 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Bowie Resources Limited Colorado 84-1287719 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Cannelton, Inc. Delaware 55-0711787 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Cannelton Industries, Inc. West Virginia 55-0136145 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Cannelton Land Company Delaware 55-0715858 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Cannelton Sales Company Delaware 55-0677801 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
Address, including
Zip
State or Other Code and Telephone
Jurisdiction of IRS Employer Number of Registrant
Exact Name Incorporation or Identification Guarantor's Principal
of Registrant Guarantor Organization Number Executive Offices
- -----------------------------------------------------------------------------------------------------------------
CC Coal Company Kentucky 1500 North Big Run Rd.
Ashland, KY 41102
- ---------------------------------------------------------------------------------------------------------------
Coal Ventures Holding Company, Inc. Delaware 61-1328606 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Dunn Coal and Dock Company West Virginia 55-0677800 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
East Kentucky Energy Corporation Kentucky 54-0971896 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Employee Benefits Management, Inc. Delaware 36-4168193 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Encoal Corporation Delaware 76-0287726 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
EnerZ Corporation Delaware 37-1362012 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Evergreen Mining Company West Virginia 54-1206519 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Fairview Land Company Delaware 37-1267975 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Franklin Coal Sales Company Delaware 13-3121923 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Grassy Cove Coal Mining Company Delaware 51-0274983 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Hayman Holdings, Inc. Kentucky 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Heritage Mining Company Delaware 61-1286455 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Highland Coal, Inc. Kentucky 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Ikerd-Bandy Co., Inc. Kentucky 61-0505276 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Kanawha Corporation Delaware 84-1107027 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Kentucky Prince Mining Company New York 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Kermit Coal Company West Virginia 55-0515741 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Kindill Holding, Inc. Kentucky 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Kindill Mining, Inc. Indiana 35-1962074 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
Address, including
Zip
State or Other Code and Telephone
Jurisdiction of IRS Employer Number of Registrant
Exact Name Incorporation or Identification Guarantor's Principal
of Registrant Guarantor Organization Number Executive Offices
- -----------------------------------------------------------------------------------------------------------------
Leslie Resources, Inc. Kentucky 61-1013125 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Leslie Resources Management, Inc. Kentucky 61-1292388 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Meadowlark, Inc. Indiana 35-0782260 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Mega Minerals, Inc. West Virginia 55-0720327 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Mid-Vol Leasing, Inc. West Virginia 55-0691054 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Midwest Coal Company Delaware 84-1324803 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Midwest Coal Sales Company Delaware 35-1599521 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Mining Technologies, Inc. Kentucky 61-1319730 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Mountain Coals Corporation Delaware 63-0725639 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Mountain-Clay Incorporated d/b/a Mountain Kentucky 61-0621350 1500 North Big Run Rd.
Clay, Inc. Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Mountaineer Coal Development Company West Virginia 54-0989613 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
NuCoal LLC Delaware 36-4143611
- ----------------------------------------------------------------------------------------------------------------
Old Ben Coal Company Delaware 34-1291413 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Phoenix Land Company Delaware 37-1302916 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Premium Coal Development Company Delaware 36-4186350 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Premium Processing, Inc. West Virginia 55-0750451 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Pro-Land, Inc. d/b/a Kem Coal Company Kentucky 61-0727363 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
R. &. F. Coal Company Ohio 34-0832344 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
River Coal Company, Inc. Kentucky 61-0567214 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Roaring Creek Coal Company Delaware 35-1597000 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------
Address, including
Zip
State or Other Code and Telephone
Jurisdiction of IRS Employer Number of Registrant
Exact Name Incorporation or Identification Guarantor's Principal
of Registrant Guarantor Organization Number Executive Offices
- -----------------------------------------------------------------------------------------------------------------
Shipyard River Coal Terminal Company South Carolina 54-1156890 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Skyline Coal Company New York 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Straight Creek Coal Resources Company Kentucky 36-3317309 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Tennessee Mining, Inc. Kentucky 62-1640672 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Turris Coal Company Delaware 74-2121674 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
West Virginia-Indiana Coal Holding Company, Delaware 1500 North Big Run Rd.
Inc. Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Wyoming Coal Technology, Inc. Wyoming 61-1336980 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Zeigler Coal Holding Company Delaware 36-3344449 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Zeigler Environmental Services Company Delaware 36-4143610 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
Zenergy, Inc. Delaware 35-1870468 1500 North Big Run Rd.
Ashland, KY 41102
- ----------------------------------------------------------------------------------------------------------------
GENERAL
Item 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.
Department of Banking and Insurance of The Commonwealth of
Massachusetts, 100 Cambridge Street, Boston, Massachusetts.
Board of Governors of the Federal Reserve System, Washington,
D.C., Federal Deposit Insurance Corporation, Washington, D.C.
(b) Whether it is authorized to exercise corporate trust powers.
Trustee is authorized to exercise corporate trust powers.
Item 2. Affiliations with Obligor.
If the Obligor is an affiliate of the trustee, describe each such
affiliation.
The obligor is not an affiliate of the trustee or of its
parent, State Street Corporation.
(See note on page 2.)
Item 3. through Item 15. Not applicable.
Item 16. List of Exhibits.
List below all exhibits filed as part of this statement of eligibility.
1. A copy of the articles of association of the trustee as now in
effect.
A copy of the Articles of Association of the trustee, as now
in effect, is on file with the Securities and Exchange
Commission as Exhibit 1 to Amendment No. 1 to the Statement of
Eligibility and Qualification of Trustee (Form T-1) filed with
the Registration Statement of Morse Shoe, Inc. (File No.
22-17940) and is incorporated herein by reference thereto.
2. A copy of the certificate of authority of the trustee to commence
business, if not contained in the articles of association.
A copy of a Statement from the Commissioner of Banks of
Massachusetts that no certificate of authority for the trustee
to commence business was necessary or issued is on file with
the Securities and Exchange Commission as Exhibit 2 to
Amendment No. 1 to the Statement of Eligibility and
Qualification of Trustee (Form T-1) filed with the
Registration Statement of Morse Shoe, Inc. (File No. 22-17940)
and is incorporated herein by reference thereto.
3. A copy of the authorization of the trustee to exercise corporate
trust powers, if such authorization is not contained in the documents
specified in paragraph (1) or (2), above.
A copy of the authorization of the trustee to exercise
corporate trust powers is on file with the Securities and
Exchange Commission as Exhibit 3 to Amendment No. 1 to the
Statement of Eligibility and Qualification of Trustee (Form
T-1) filed with the Registration Statement of Morse Shoe, Inc.
(File No. 22-17940) and is incorporated herein by reference
thereto.
4. A copy of the existing by-laws of the trustee, or instruments
corresponding thereto.
A copy of the by-laws of the trustee, as now in effect, is on
file with the Securities and Exchange Commission as Exhibit 4
to the Statement of Eligibility and Qualification of Trustee
(Form T-1) filed with the Registration Statement of Eastern
Edison Company (File No. 33-37823) and is incorporated herein
by reference thereto.
1
5. A copy of each indenture referred to in Item 4. if the obligor is in
default.
Not applicable.
6. The consents of United States institutional trustees required by
Section 321(b) of the Act.
The consent of the trustee required by Section 321(b) of the
Act is annexed hereto as Exhibit 6 and made a part hereof.
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.
A copy of the latest report of condition of the trustee
published pursuant to law or the requirements of its
supervising or examining authority is annexed hereto as
Exhibit 7 and made a part hereof.
NOTES
In answering any item of this Statement of Eligibility which relates to
matters peculiarly within the knowledge of the obligor or any underwriter for
the obligor, the trustee has relied upon information furnished to it by the
obligor and the underwriters, and the trustee disclaims responsibility for the
accuracy or completeness of such information.
The answer furnished to Item 2. of this statement will be amended, if
necessary, to reflect any facts which differ from those stated and which would
have been required to be stated if known at the date hereof.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the trustee, State Street Bank and Trust Company, a corporation
organized and existing under the laws of The Commonwealth of Massachusetts, has
duly caused this statement of eligibility to be signed on its behalf by the
undersigned, thereunto duly authorized, all in the City of Boston and The
Commonwealth of Massachusetts, on the February 8, 1999.
STATE STREET BANK AND TRUST COMPANY
By: /s/ Susan T. Keller
---------------------------------
NAME Susan T. Keller
TITLE Vice President
2
EXHIBIT 6
CONSENT OF THE TRUSTEE
Pursuant to the requirements of Section 321(b) of the Trust Indenture
Act of 1939, as amended, in connection with the proposed issuance by AEI
Resources, Inc. of its Senior Subordinated Notes, we hereby consent that reports
of examination by Federal, State, Territorial or District authorities may be
furnished by such authorities to the Securities and Exchange Commission upon
request therefor.
STATE STREET BANK AND TRUST COMPANY
By: /s/ Susan T. Keller
-------------------------------------
NAME Susan T. Keller
TITLE Vice President
Dated: February 8, 1999
3
EXHIBIT 7
Consolidated Report of Condition of State Street Bank and Trust Company,
Massachusetts and foreign and domestic subsidiaries, a state banking institution
organized and operating under the banking laws of this commonwealth and a member
of the Federal Reserve System, at the close of business September 30, 1998,
------------------
published in accordance with a call made by the Federal Reserve Bank of this
District pursuant to the provisions of the Federal Reserve Act and in accordance
with a call made by the Commissioner of Banks under General Laws, Chapter 172,
Section 22(a).
Thousands of
ASSETS Dollars
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin .............................................. 2,008,956
Interest-bearing balances ....................................................................... 12,286,877
Securities ............................................................................................... 9,654,241
Federal funds sold and securities purchased
under agreements to resell in domestic offices
of the bank and its Edge subsidiary ............................................................. 10,922,779
Loans and lease financing receivables:
Loans and leases, net of unearned income ........................................................ 7,457,235
Allowance for loan and lease losses ............................................................. 82,851
Allocated transfer risk reserve ................................................................. 0
Loans and leases, net of unearned income and allowances ......................................... 7,374,384
Assets held in trading accounts .......................................................................... 1,898,804
Premises and fixed assets ................................................................................ 513,372
Other real estate owned .................................................................................. 100
Investments in unconsolidated subsidiaries ............................................................... 484
Customers' liability to this bank on acceptances outstanding ............................................. 48,563
Intangible assets ........................................................................................ 220,613
Other assets ............................................................................................. 1,333,210
==========
Total assets ............................................................................................. 46,262,383
==========
LIABILITIES
Deposits:
In domestic offices ............................................................................. 9,557,938
Noninterest-bearing .................................................................... 7,158,356
Interest-bearing ....................................................................... 2,399,582
In foreign offices and Edge subsidiary .......................................................... 18,451,054
Noninterest-bearing .................................................................... 429,797
Interest-bearing ....................................................................... 18,021,257
Federal funds purchased and securities sold under
agreements to repurchase in domestic offices of
the bank and of its Edge subsidiary ............................................................. 12,023,438
Demand notes issued to the U.S. Treasury ................................................................. 451,424
Trading liabilities ............................................................................. 1,582,933
Other borrowed money ..................................................................................... 323,782
Subordinated notes and debentures ........................................................................ 0
Bank's liability on acceptances executed and outstanding ................................................. 48,563
Other liabilities ........................................................................................ 1,226,129
Total liabilities ........................................................................................ 43,665,261
==========
EQUITY CAPITAL
Perpetual preferred stock and related surplus ............................................................ 0
Common stock ............................................................................................. 29,931
Surplus .................................................................................................. 462,782
Undivided profits and capital reserves/Net unrealized holding gains (losses) ............................. 2,080,148
Net unrealized holding gains (losses) on available-for-sale securities .......................... 27,376
Cumulative foreign currency translation adjustments ...................................................... (3,115)
Total equity capital ..................................................................................... 2,597,122
===========
Total liabilities and equity capital ..................................................................... 46,262,383
==========
4
I, Rex S. Schuette, Senior Vice President and Comptroller of the above named
bank do hereby declare that this Report of Condition has been prepared in
conformance with the instructions issued by the Board of Governors of the
Federal Reserve System and is true to the best of my knowledge and belief.
Rex S. Schuette
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 conformance with the instructions
issued by the Board of Governors of the Federal Reserve System and is true and
correct.
David A. Spina
Marshall N. Carter
Truman S. Casner