EXHIBIT 25.1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY
OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) ________
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BANK ONE, NA
(Exact name of trustee as specified in its charter)
A National Banking Association 31-4148768
(I.R.S. employer
identification number)
100 East Broad Street
Columbus, Ohio 43271-0181
(Address of principal executive offices) (Zip Code)
Bank One, N A
1 Bank One Plaza
Mail Code IL1-0120
Chicago, Illinois 60670-0120
Attn: Marla S. Roth, Assistant Vice President, Law Department (312) 732-2773
(Name, address and telephone number of agent for service)
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SPRINT CORPORATION
(Exact name of obligor as specified in its charter)
Kansas 48-0457967
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification number)
2330 Shawnee Mission Parkway
Westwood, Kansas 66205
(Address of principal executive offices) (Zip Code)
Debt Securities
(Title of Indenture Securities)
Item 1. General Information. Furnish the following information as to the
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trustee:
(a) Name and address of each examining or supervising authority to
which it is subject.
Comptroller of Currency, Washington, D.C.; Federal Deposit Insurance
Corporation, Washington, D.C.; The Board of Governors of the Federal
Reserve System, Washington D.C.; Federal Reserve Bank of Cleveland,
Cleveland, Ohio.
(b) Whether it is authorized to exercise corporate trust powers.
The trustee is authorized to exercise corporate trust powers.
Item 2. Affiliations With the Obligor. If the obligor is an affiliate of the
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trustee, describe each such affiliation.
No such affiliation exists with the trustee.
Item 16. List of exhibits. List below all exhibits filed as a part
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of this Statement of Eligibility.
1. A copy of the articles of association of the trustee now in
effect.*
2. A copy of the certificates of authority of the trustee to
commence business.*
3. A copy of the authorization of the trustee to exercise corporate
trust powers.*
4. A copy of the existing by-laws of the trustee.*
5. Not Applicable.
6. The consent of the trustee required by Section 321(b) of the Act.
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.
8. Not Applicable.
9. Not Applicable.
Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the trustee, Bank One, N.A., 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 Chicago and
State of Illinois, on the 27th day of November, 2001
Bank One, NA,
Trustee
By: /s/ Marla S. Roth
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Marla S. Roth
Assistant Vice President
* Exhibits 1, 2, 3, and 4 are herein incorporated by reference to Exhibits
bearing identical numbers in Item 16 of the Form T-1 of Bank One, NA, filed in
connection with Form S-3 relating to Wheeling-Pittsburgh Corporation 9 3/8%
Senior Notes due 2003, Securities Exchange Commission File No. 33-50709.
EXHIBIT 6
THE CONSENT OF THE TRUSTEE REQUIRED
BY SECTION 321(b) OF THE ACT
November 27, 2001
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
In connection with the qualification of an indenture and supplemental indenture
between Sprint Corporation, and Bank One, NA, as Trustee, the undersigned, in
accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended,
hereby consents that the reports of examinations of the undersigned, made by
Federal or State authorities authorized to make such examinations, may be
furnished by such authorities to the Securities and Exchange Commission upon its
request therefor.
Very truly yours,
Bank One, NA
By: /s/ Marla S. Roth
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Marla S. Roth
Assistant Vice President
Bank One, NA FFIEC 041
Legal Title of Bank RC-1
Columbus
City 10
OH 43271
State Zip Code
Transmitted to EDS as 0158097 on 10/30/01 at 17:57:20 CST
FDIC Certificate Number - 06559
Consolidated Report of Condition for Insured Commercial
and State-Chartered Savings Banks for September 30, 2001
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.
Schedule RC--Balance Sheet
Dollar Amounts in Thousands RCON Bil | Mil |
ASSETS Thou
1. Cash and balances due from depository institutions (from Schedule RC-A):
a. Noninterest-bearing balances and currency and coin (1) ____________________________________ 0081 1,913,203 1.a
b. Interest-bearing balances (2) ____________________________________________________________ 0071 1,000 1.b
2. Securities:
a. Held-to-maturity securities (from Schedule RC-B, column A) ____________________________________ 1754 0 2.a
b. Available-for-sale securities (from Schedule RC-B, column D) __________________________________ 1773 3,705,819 2.b
3. Federal funds sold and securities purchased under agreements to resell _________________________ 1350 2,806,925 3
4. Loans and lease financing receivables (from Schedule RC-C):
a. Loans and leases held for sale __________________________________________________________ 5369 1,693,500 4.a
b. Loans and leases, net of unearned income ________________________ B528 32,885,879 4.b
c. LESS: Allowance for loan and lease losses ___________________________ 3123 568,145 4.c
d. Loans and leases, net of unearned income and allowance (item 4.b minus 4.c) ___________________ B529 32,317,734 4.d
5. Trading assets (from Schedule RC-D)_______________________________________________________ 3545 69,554 5
6. Premises and fixed assets (including capitalized leases) ________________________________________ 2145 310,265 6
7. Other real estate owned (from Schedule RC-M)_______________________________________________ 2150 41,522 7
8. Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M) __________ 2130 542,098 8
9. Customers' liability to this bank on acceptances outstanding _____________________________________ 2155 0 9
10. Intangible assets
a. Goodwill ____________________________________________________________________________ 3163 55,404 10.a
b. Other intangible assets (from Schedule RC-M) ____________________________________________ 0426 30,596 10.b
11. Other assets (from Schedule RC-F)______________________________________________________ 2160 2,408,719 11
12. Total assets (sum of items 1 through 11) __________________________________________________ 2170 45,896,339 12
(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
Bank One, NA FFIEC 041
Legal Title of Bank RC-2
Transmitted to EDS as 0142024 on 07/30/01 at 12:08:03 CST
FDIC Certificate Number - 06559 11
Schedule RC - Continued
Dollar Amounts in Thousands RCON Bil | Mil
| Thou
LIABILITIES
13. Deposits:
a. In domestic offices (sum of totals of columns A and C from Schedule RC-E) _________________________ 2200 15,241,790 13.a
(1) Noninterest-bearing (1) __________________________________________________________________________ 6631 5,218,029 13.a.1
(2) Interest-bearing _________________________________________________________________________________ 6636 10,023,761 13.a.2
b. Not applicable
14. Federal funds purchased and securities sold under agreements to repurchase _______________________ 2800 11,480,324 14
15. Trading liabilities (from Schedule RC-D) _________________________________________________________ 3548 74,249 15
16. Other borrowed money (includes mortgage indebtedness and obligations under
capitalized leases) (from Schedule RC-M): ____________________________________________________________ 3190 12,461,349 16
17. Not applicable
18. Bank's liability on acceptances executed and outstanding _________________________________________ 2920 0 18
19. Subordinated notes and debentures (2) ____________________________________________________________ 3200 1,650,000 19
20. Other liabilities (from Schedule RC-G) ___________________________________________________________ 2930 2,065,346 20
21. Total liabilities (sum of items 13 through 20) __________________________________________________ 2948 42,973,058 21
22. Minority interest in consolidated subsidiaries____________________________________________________ 3000 300,278 22
EQUITY CAPITAL
23. Perpetual preferred stock and related surplus ____________________________________________________ 3838 0 23
24. Common stock _____________________________________________________________________________________ 3230 127,044 24
25. Surplus (exclude all surplus related to preferred stock) _________________________________________ 3839 1,594,558 25
26. a. Retained earnings______________________________________________________________________________ 3632 927,354 26.a
b. Accumulated other comprehensive income (3)_________________________________________________________ B530 (25,953) 26.b
27. Other equity capital components (4) ______________________________________________________________ A130 0 27
28. Total equity capital (sum of items 23 through 27)_________________________________________________ 3210 2,623,003 28
29. Total liabilities, minority interest, and equity capital (sum of items 21, 22, and 28)____________ 3300 45,896,339 29
Memorandum
To be reported 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 RCON Number
auditors as of any date during 2000 ____________________________________________________________ 6724 N/A M. 1
1 = Independent audit of the bank conducted in accordance 4 = Directors' examination of the bank conducted
with generally accepted auditing standards by a certified in accordance with generally accepted auditing
public accounting firm which submits a report on the bank standards by a certified public accounting firm
2 = Independent audit of the bank's parent holding company (may be required by state chartering authority)
conducted in accordance with generally accepted auditing 5 = Directors' examination of the bank performed
standards by a certified public accounting firm which by other external auditors (may be required by
submits a report on the consolidated holding company (but state chartering authority)
not on the bank separately) 6 = Review of the bank's financial statements by
3 = Attestation on bank management's assertion on the external auditors
effectiveness of the bank's internal control over financial 7 = Compilation of the bank's financial statements by
reporting by a certified public accounting firm external auditors
8 = Other audit procedures (excluding tax
preparation work)
9 = No external audit work
(1) Includes total demand deposits and noninterest-bearing time and savings
deposits.
(2) Includes limited-life preferred stock and related surplus.
(3) Includes net unrealized holding gains (losses) on available-for-sale
securities, accumulated net gains (losses) on cash flow hedges, and minimum
pension liability adjustments.
(4) Includes treasury stock and unearned Employee Stock Ownership Plan shares.