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) [ ]
FIRST UNION NATIONAL BANK
(Exact name of trustee as specified in its charter)
22-1147033
(I.R.S. Employer Identification No.)
2 FIRST UNION CENTER, CHARLOTTE, NORTH CAROLINA
(Address of principal executive offices)
28288-0201
(Zip Code)
FIRST UNION NATIONAL BANK
12 EAST 49TH STREET, 37TH FLOOR
NEW YORK, NEW YORK 10017
ATTENTION: CORPORATE TRUST ADMINISTRATION
(212) 451-2533
(Name, address and telephone number of agent for service)
YOUNG BROADCASTING INC.
(Exact name of obligor as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
13-3339681
(I.R.S. Employer Identification No.)
YOUNG BROADCASTING OF LANSING, INC.
(Exact Name of Obligor as Specified in its Charter)
Michigan
(State or other jurisdiction of Incorporation or Organization)
38-2826434
(I.R.S. Employer Identification No.)
YOUNG BROADCASTING OF LOUISIANA, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
13-3464633
(I.R.S. Employer Identification No.)
YOUNG BROADCASTING OF NASHVILLE, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
62-1391810
(I.R.S. Employer Identification No.)
YOUNG BROADCASTING OF ALBANY, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
14-1718758
(I.R.S. Employer Identification No.)
WINNEBAGO TELEVISION CORPORATION
(Exact Name of Obligor as Specified in its Charter)
Illinois
(State or other jurisdiction of Incorporation or Organization)
36-2239648
(I.R.S. Employer Identification No.)
KLFY, L.P.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
51-0325249
(I.R.S. Employer Identification No.)
LAT, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
51-0325252
(I.R.S. Employer Identification No.)
YBT, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
51-0325250
(I.R.S. Employer Identification No.)
YOUNG BROADCASTING OF RICHMOND, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
51-0356703
(I.R.S. Employer Identification No.)
YOUNG BROADCASTING OF GREEN BAY, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
51-0356704
(I.R.S. Employer Identification No.)
YOUNG BROADCASTING OF KNOXVILLE, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
51-0356702
(I.R.S. Employer Identification No.)
YBK, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
51-0356705
(I.R.S. Employer Identification No.)
HONEY BUCKET FILMS, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
13-4062522
(I.R.S. Employer Identification No.)
ADAM YOUNG INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
13-1516500
(I.R.S. Employer Identification No.)
YOUNG BROADCASTING OF SAN FRANCISCO, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
52-2242171
(I.R.S. Employer Identification No.)
FIDELITY TELEVISION, INC.
(Exact Name of Obligor as Specified in its Charter)
California
(State or other jurisdiction of Incorporation or Organization)
95-6140187
(I.R.S. Employer Identification No.)
YOUNG BROADCASTING OF LOS ANGELES, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
13-3914036
(I.R.S. Employer Identification No.)
YOUNG BROADCASTING OF RAPID CITY, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
13-3884784
(I.R.S. Employer Identification No.)
YOUNG BROADCASTING OF SIOUX FALLS, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
13-3884783
(I.R.S. Employer Identification No.)
YOUNG BROADCASTING OF DAVENPORT, INC.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
13-3858546
(I.R.S. Employer Identification No.)
WATE, G.P.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
51-0356837
(I.R.S. Employer Identification No.)
WKRN, G.P.
(Exact Name of Obligor as Specified in its Charter)
Delaware
(State or other jurisdiction of Incorporation or Organization)
13-3577063
(I.R.S. Employer Identification No.)
599 Lexington Avenue
New York, New York
(Address of principal executive offices)
10022
(Zip Code)
8-1/2% Senior Notes due 2008
(Title of indenture securities)
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:
Comptroller of the Currency
United States Department of the Treasury
Washington, D.C. 20219
Federal Reserve Bank
Richmond, Virginia 23219
Federal Deposit Insurance Corporation
Washington, D.C. 20429
b) 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.
Exhibits identified in parentheses below, on file with the Commission,
are incorporated herein by reference as an exhibit hereto, pursuant to
Rule 7a-29 under the Trust Indenture Act of 1939 (the "Act") and 17
C.F.R. 229.10(d).
1. Copy of Articles of Association of the trustee as now in effect.
(Previously filed with the Securities and Exchange Commission on March
16, 1998 as an Exhibit to Form T-1 in connection with Registration
Statement Number 333-47985.)
2. Copy of the Certificate of the Comptroller of the Currency dated March
4, 1998, evidencing the authority of the trustee to transact business.
(Previously filed with the Securities and Exchange Commission on July
15, 1998 as an Exhibit to Form T-1 in connection with Registration
Statement Number 333-59145.)
3. Copy of the Certification of Fiduciary Powers of the trustee by the
Office of the Comptroller of the Currency dated April 7, 1999.
(Previously filed with the Securities and Exchange Commission on May
20, 1999 in connection with Registration Statement Number 333-78927.)
4. Copy of existing by-laws of the trustee.(Previously filed with the
Securities and Exchange Commission on April 30, 2001 in connection with
Registration Statement Number 333-59848.)
6. Consent of the trustee required by Section 321(b) of the Act.
(Previously filed with the Securities and
Exchange Commission on April 30, 2001 in connection with Registration
Statement Number 333-59848.)
7. Copy of latest report of condition of the trustee published pursuant to
the requirements of its supervising authority. (Filed herewith.)
NOTE
The trustee disclaims responsibility for the accuracy or completeness
of information contained in this Statement of Eligibility not known to the
trustee and not obtainable by it through reasonable investigation and as to
which information it has obtained from the obligor and has had to rely or will
obtain from the principal underwriters and will have to rely.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939,the trustee,
First Union National Bank, 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 New York and State of New York, on the 25th day
of January, 2002.
FIRST UNION NATIONAL BANK
By: /s/ DAVID MASSA
----------------------------
Name: DAVID MASSA
Title: VICE PRESIDENT
REPORT OF CONDITION EXHIBIT 7
Consolidating domestic and foreign subsidiaries of the First Union National
Bank, Charlotte, North Carolina, at the close of business on December 31, 2000
published in response to call made by Comptroller of the Currency, under title
12, United States Code, Section 161. Charter Number 22693 Comptroller of the
Currency.
Statement of Resources and Liabilities
ASSETS Thousand of Dollars
Cash and balance due from depository institutions:
Noninterest-bearing balances and currency and coin ........................ 10,052,000
Interest bearing balances ................................................. 3,207,000
Securities .................................................................. /////////
Held-to-maturity securities ............................................. 1,529,000
Available-for-sale securities ........................................... 46,184,000
Federal funds sold and securities purchases to resell ....................... 6,010,000
Loans and lease financing receivables:
Loans and leases, net of unearned income ..............131,252,000
LESS: Allowance for loan and lease losses ............. 1,706,000
LESS: Allocated transfer risk reserve ................. 0
Loans and leases, net of unearned income, allowance,
and reserve ...........................................129,546,000
Trading assets .............................................................. 16,578,000
Premises and fixed assets (including capitalized leases) .................... 2,849,000
Other real estate owned ..................................................... 91,000
Investment in unconsolidated subsidiaries and associated companies .......... 264,000
Customer's liability to this bank on acceptances outstanding ................ 873,000
Intangible assets ........................................................... 2,791,000
Other assets ................................................................ 11,863,000
Total assets ................................................................ 231,837,000
LIABILITIES
Deposits:
In domestic offices .................................................... 134,399,000
Noninterest-bearing .................................................. 21,026,000
Interest-bearing ..................................................... 113,373,000
In foreign offices, Edge and Agreement subsidiaries, and IBFs .......... 12,567,000
Noninterest-bearing .................................................. 48,000
Interest-bearing ..................................................... 12,519,000
Federal funds purchased and securities sold under agreements to repurchase .. 21,452,000
Demand notes issued to the U.S. Treasury .................................... 979,000
Trading liabilities ......................................................... 9,919,000
Other borrowed money: ....................................................... /////////
With a remaining maturity of one year or less ......................... 14,559,000
With a remaining maturity of more than 1 year thru 3 yrs .............. 4,649,000
With a maturity of more than three years .............................. 2,928,000
Not applicable .............................................................. ////////
Bank's liability on acceptances executed and outstanding .................... 879,000
Subordinated notes and debentures ........................................... 5,992,000
Other liabilities ........................................................... 8,310,000
Total liabilities ........................................................... 216,633,000
Not applicable .............................................................. ///////////
EQUITY CAPITAL
Perpetual preferred stock and related surplus ............................... 161,000
Common Stock ................................................................ 455,000
Surplus ..................................................................... 13,306,000
Undivided profits and capital reserves ...................................... 1,467,000
Net unrealized holding gains (losses) on available-for-sale securities ...... (178,000)
Accumulated net gains (loses on cash flow hedges ............................ 0
Cumulative foreign currency translation adjustments ......................... (7,000)
Total equity capital ........................................................ 15,204,000
Total liabilities and equity capital ........................................ 231,837,000