EXHIBIT 25.1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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)
HSBC Bank USA
(Exact name of trustee as specified in its charter)
New York 16-1057879
(Jurisdiction of incorporation (I.R.S. Employer
or organization if not a U.S. Identification No.)
national bank)
140 Broadway, New York, NY 10005-1180
(212) 658-1000 (Zip Code)
(Address of principal executive offices)
Warren L. Tischler, Senior Vice President
HSBC Bank USA
140 Broadway
New York, New York 10005-1180
Tel: (212) 658-5167
(Name, address and telephone number of agent for service)
ELIZABETH ARDEN, INC.*
(Exact name of obligor as specified in its charter)
Florida 59-0914138
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
14100 N.W. 60th Avenue
Miami Lakes, Florida 33014
(305) 818-8000 (Zip Code)
(Address of principal executive offices)
11 3/4% Series B Senior Secured Notes due 2011
Guarantees of 11 3/4% Series B Senior Secured Notes due 2011
(Title of Indenture Securities)
*TABLE OF ADDITIONAL REGISTRANTS
State or Other
Jurisdiction of I.R.S. Employer
Incorporation or Identification
Name, Address and Telephone Number Organization Number
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DF Enterprises, Inc. Delaware 51-0406399
300 Delaware Avenue, 9th Floor
Wilmington, DE 19801
(302) 552-3200
FD Management, Inc. Delaware 51-0406398
300 Delaware Avenue, 9th Floor
Wilmington, DE 19801
(302) 552-3200
FFI International, Inc. Delaware 54-2021921
14100 NW 60th Avenue
Miami Lakes, FL 33014
(305) 818-8000
FFI GmbH Switzerland N/A
c/o French Fragrances, Inc.;
14100 NW 60th Avenue
Miami Lakes, FL 33014
(305) 818-8000
General
Item 1. General Information..
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Furnish the following information as to the trustee:
(a) Name and address of each examining or supervisory
authority to which it is subject.
State of New York Banking Department.
Federal Deposit Insurance Corporation, Washington, D.C.
Board of Governors of the Federal Reserve System,
Washington, D.C.
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
Item 2. Affiliations with Obligor.
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If the obligor is an affiliate of the trustee, describe
each such affiliation.
None
Item 16. List of Exhibits
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T1A(i) (1) Copy of the Organization Certificate of HSBC Bank USA.
T1A(ii) (1) Certificate of the State of New York Banking Department
dated December 31, 1993 as to the authority of HSBC
Bank USA to commence business as amended effective on
March 29, 1999.
T1A(iii) Not applicable.
T1A(iv) (1) Copy of the existing By-Laws of HSBC Bank USA as
adopted on January 20, 1994 as amended on October 23,
1997.
T1A(v) Not applicable.
T1A(vi) (2) Consent of HSBC Bank USA required by Section 321(b) of
the Trust Indenture Act of 1939.
T1A(vii) Copy of the latest report of condition of the trustee
(September 30, 2000), published pursuant to law or the
requirement of its supervisory or examining authority.
T1A(viii) Not applicable.
T1A(ix) Not applicable.
(1) Exhibits previously filed with the Securities and Exchange Commission with
registration No. 022-22429 and incorporated herein by reference thereto.
(2) Exhibit previously filed with the Securities and Exchange Commission with
Registration No. 33-53693 and incorporated herein by reference thereto.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee,
HSBC Bank USA, a banking corporation and trust company organized 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 16th day of February, 2001.
HSBC BANK USA
By: /s/ Frank J. Godino
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Frank J. Godino
Vice President
Exhibit T1A (vii)
Board of Governors of the Federal Reserve System
OMB Number: 7100-0036
Federal Deposit Insurance Corporation
OMB Number: 3064-0052
Office of the Comptroller of the Currency
OMB Number: 1557-0081
Federal Financial Institutions Examination Council Expires March 31, 2000
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Please refer to page i,
Table of Contents, for
the required disclosure
of estimated burden.
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Consolidated Reports of Condition and Income for
A Bank With Domestic and Foreign Offices--FFIEC 031
Report at the close of business September 30, 2000
This report is required by law; 12 U.S.C. (S)324 (State member banks); 12
U.S.C. (S) 1817 (State nonmember banks); and 12 U.S.C. (S)161 (National
banks).
NOTE: The Reports of Condition and Income must be signed by an authorized
officer and the Report of Condition must be attested to by not less than two
directors (trustees) for State nonmember banks and three directors for State
member and National Banks.
I, Gerald A. Ronning, Executive VP & Controller
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Name and Title of Officer Authorized to Sign Report
Of the named bank do hereby declare that these Reports of Condition and Income
(including the supporting schedules) 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 believe.
/s/ Gerald A. Ronning
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Signature of Officer Authorized to Sign Report
08/09/00
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Date of Signature
Submission of Reports
Each Bank must prepare its Reports of Condition and Income either:
(a) in electronic form and then file the computer data file directly with the
banking agencies' collection agent, Electronic Data System Corporation
(EDS), by modem or computer diskette; or
(b) in hard-copy (paper) form and arrange for another party to convert the
paper report to automated for. That party (if other than EDS) must transmit
the bank's computer data file to EDS.
This report form is to be filed by banks with branches and consolidated
subsidiaries in U.S. territories and possessions, Edge or Agreement
subsidiaries, foreign branches, consolidated foreign subsidiaries, or
International Banking Facilities.
The Reports of Condition and Income are to be prepared in accordance with
Federal regulatory authority instructions.
We, the undersigned directors (trustees), attest to the correctness of this
Report of Condition (including the supporting schedules) 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.
/s/ Youssef Nar
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Director (Trustee)
/s/ Bernard J. Kennedy
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Director (Trustee)
/s/ Sal H. Alfieri
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Director (Trustee)
For electronic filing assistance, contact EDS Call report Services, 2150 N.
Prospect Ave., Milwaukee, WI 53202, telephone (800) 255-1571.
To fulfill the signature and attestation requirement for the Reports of
Condition and Income for this report date, attach this signature page to the
hard-copy f the completed report that the bank places in its files.
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0 0 5 8 9
FDIC Certificate Number (RCRI 9030)
http://WWW.BANKING.US.HSBC.COM HSBC Bank USA
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Primary Internet Web Address of Bank Legal Title of Bank (TEXT 9010)
(Home Page), if any (TEXT 4087)
(Example: www.examplebank.com) Buffalo
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City (TEXT 9130)
N.Y. 14203
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State Abbrev. (TEXT 9200) ZIP Code (TEXT 9220)
Board of Governors of the Federal Reserve System, Federal Deposit Insurance
Corporation, Office of the Comptroller of the Currency
REPORT OF CONDITION
Consolidating domestic and foreign subsidiaries of the
HSBC Bank USA of Buffalo
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Name of Bank City
in the state of New York, at the close of business September 30, 2000
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.
ASSETS
Thousands of dollars
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Cash and balances due from depository institutions:
Non-interest-bearing balances currency and coin $ 1,986,803
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Interest-bearing balances 6,432,408
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Held-to-maturity securities 4,227,953
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Available-for-sale securities 16,867,689
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Federal funds sold and securities purchased under agreements to resell 2,629,177
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Loans and lease financing receivables:
Loans and leases net of unearned income $ 38,813,494
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LESS: Allowance for loan and lease losses 531,808
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LESS: Allocated transfer risk reserve -
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Loans and lease, net of unearned income, allowance, and reserve $ 38,281,686
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Trading assets 4,937,459
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Premises and fixed assets (including capitalized leases) 731,615
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Other real estate owned 17,793
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Investments in unconsolidated subsidiaries and associated companies 2,549,829
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Customers' liability to this bank on acceptances outstanding 226,814
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Intangible assets 2,969,884
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Other assets 2,165,839
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Total assets 84,024,949
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LIABILITIES
Deposits:
In domestic offices 34,632,582
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Non-interest-bearing 5,234,945
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Interest-bearing 29,397,637
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In foreign offices, Edge and Agreement subsidiaries, and IBFs 21,655,922
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Non-interest-bearing 246,990
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Interest-bearing 21,408,932
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Federal funds purchased and securities sold under agreements to repurchase 1,314,197
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Demand notes issued to the U.S. Treasury 4,140,116
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Trading Liabilities 2,280,559
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Other borrowed money (including mortgage indebtedness and obligations under
capitalized leases):
With a remaining maturity of one year or less 4,396,659
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With a remaining maturity of more than one year through three years 603,614
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With a remaining maturity of more than three years 568,109
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Bank's liability on acceptances executed and outstanding 226,814
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Subordinated notes and debentures 1,648,467
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Other liabilities 2,908,320
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Total liabilities 74,375,359
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EQUITY CAPITAL
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Perpetual preferred stock and related surplus -
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Common Stock 205,000
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Surplus 9,129,848
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Undivided profits and capital reserves 310,156
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Net unrealized holding gains (losses) on available-for-sale securities 20,473
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Accumulated net gain (losses) on cash flow hedges -
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Cumulative foreign currency translation adjustments (15,887)
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Total equity capital 9,649,590
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Total liabilities and equity capital 84,024,949
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