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EXHIBIT 25.1
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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)
303 PEACHTREE STREET 30308 58-0466330
30TH FLOOR (Zip Code) (I.R.S. employer
ATLANTA, GEORGIA identification no.)
(Address of principal executive
offices)
GEORGE T. HOGAN
SUNTRUST BANK
25 PARK PLACE, N.E.
24TH FLOOR
ATLANTA, GEORGIA 30303-2900
(404) 588-7266
(Name, address and telephone number of agent for service)
FELCOR LODGING LIMITED PARTNERSHIP
FELCOR LODGING TRUST INCORPORATED
FELCOR/CSS HOTELS, L.L.C.
FELCOR/LAX HOTELS, L.L.C.
FELCOR EIGHT HOTELS, L.L.C.
FELCOR/CSS HOLDINGS, L.P.
FELCOR/ST. PAUL HOLDINGS, L.P.
FELCOR/LAX HOLDINGS, L.P.
FELCOR HOTEL ASSET COMPANY, L.L.C.
FHAC TEXAS HOLDINGS, L.P.
FELCOR OMAHA HOTEL COMPANY, L.L.C.
FELCOR MOLINE HOTEL, L.L.C.
FELCOR COUNTRY VILLA HOTEL, L.L.C.
FELCOR CANADA CO.
(Exact name of co-obligor as specified in its charter)
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DELAWARE 75-2564994
MARYLAND 72-2541756
DELAWARE 75-2624290
DELAWARE 75-2647535
DELAWARE 75-2582006
DELAWARE 75-2620463
DELAWARE 75-2624292
DELAWARE 75-2624293
DELAWARE 75-2770156
TEXAS 75-2797670
DELAWARE 75-2769826
DELAWARE 75-2771084
DELAWARE 75-2771072
NOVA SCOTIA, CANADA 75-2773637
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
545 E. JOHN CARPENTER FRWY.
SUITE 1300
IRVING, TEXAS 75062
(Address of principal executive offices) (Zip Code)
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FELCOR NEVADA HOLDINGS, L.L.C.
FHAC NEVADA HOLDINGS, L.L.C.
(Exact name of co-obligor as specified in its charter)
NEVADA 74-2906947
NEVADA 74-2906949
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
101 CONVENTION CENTER DRIVE
SUITE 850
LAS VEGAS, NEVADA 89109
(Address of principal executive offices) (Zip Code)
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9 1/2% SENIOR NOTES DUE 2008
GUARANTEES OF SENIOR NOTES(1)
(Title of the indenture securities)
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(1) The following co-obligors have guaranteed the notes issued by FelCor
Lodging Limited Partnership: FelCor Lodging Trust Incorporated;
FelCor/CSS Hotels, L.L.C.; Felcor/LAX Hotels, L.L.C.; FelCor/LAX
Holdings, L.P.; FelCor Eight Hotels, L.L.C.; FelCor/CSS Holdings, L.P.;
FelCor/St. Paul Holdings, L.P.; FelCor Hotel Asset Company, L.L.C.;
FHAC Texas Holdings, L.P.; FelCor Omaha Hotel Company, L.L.C.; FelCor
Moline Hotel, L.L.C.; FelCor Country Villa Hotel, L.L.C.; FelCor Canada
Co.; FelCor Nevada Holdings, L.L.C. and FHAC Nevada Holdings, L.L.C.
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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.
3-12 NO RESPONSES ARE INCLUDED FOR ITEMS 3 THROUGH 12. RESPONSES TO THOSE
ITEMS ARE NOT REQUIRED BECAUSE, AS PROVIDED IN GENERAL INSTRUCTION B
AND AS SET FORTH IN ITEM 13(b), THE OBLIGOR IS NOT IN DEFAULT ON ANY
SECURITIES ISSUED UNDER INDENTURES UNDER WHICH SUNTRUST BANK IS A
TRUSTEE.
13. Defaults by the Obligor.
(a) State whether there is or has been a default with respect to
the securities under this indenture. Explain the nature of any
such default.
THERE IS NOT AND HAS NOT BEEN ANY DEFAULT UNDER THIS INDENTURE.
(b) If the trustee is a trustee under another indenture under
which any other securities, or certificates of interest or
participation in any other securities, of the obligor are
outstanding, or is trustee for more than one outstanding
series of securities under the indenture, state whether there
has been a default under any such indenture or series,
identify the indenture or series affected, and explain the
nature of any such default.
THERE HAS NOT BEEN ANY SUCH DEFAULT.
14-15 NO RESPONSES ARE INCLUDED FOR ITEMS 14 AND 15. RESPONSES TO THOSE ITEMS
ARE NOT REQUIRED BECAUSE, AS PROVIDED IN GENERAL INSTRUCTION (b) TO
ITEM 13, THE OBLIGOR IS NOT IN DEFAULT IN DEFAULT ON ANY SECURITIES
ISSUED UNDER INDENTURES UNDER WHICH SUNTRUST BANK IS A TRUSTEE.
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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. 333-62338 filed by Rock-Tenn
Company)
(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. (Exhibit 3 to Form T-1, Registration
No. 333-62338 filed by Rock-Tenn Company)
(4) A copy of the existing by-laws of the trustee. (Exhibit 4 to
Form T-1, Registration No. 333-62338 filed by Rock-Tenn
Company)
(5) Not applicable.
(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 March 31, 2001.
(8) Not applicable.
(9) Not applicable.
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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 __ day
of June, 2001.
SUNTRUST BANK
By:
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George T. Hogan
Vice President
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EXHIBIT 1 TO FORM T-1
ARTICLES OF ASSOCIATION
OF
SUNTRUST BANK
(Incorporated by reference from Exhibit 1 to Form T-1,
Registration No. 333-62338 filed by Rock-Tenn Company)
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EXHIBIT 2 TO FORM T-1
CERTIFICATE OF AUTHORITY
OF
SUNTRUST BANK TO COMMENCE BUSINESS
(Included in Exhibit 1)
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EXHIBIT 3 TO FORM T-1
AUTHORIZATION
OF
SUNTRUST BANK TO EXERCISE
CORPORATE TRUST POWERS
(Incorporated by reference from Exhibit 3 to Form T-1,
Registration No. 333-62338 filed by Rock-Tenn Company)
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EXHIBIT 4 TO FORM T-1
BY-LAWS
OF
SUNTRUST BANK
(Incorporated by reference from Exhibit 4 to Form T-1,
Registration No. 333-62338 filed by Rock-Tenn Company)
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EXHIBIT 5 TO FORM T-1
(INTENTIONALLY OMITTED. NOT APPLICABLE.)
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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 issuance of up to $100,000,000 of
debt securities of FelCor Suites Limited Partnership, et al, 9 1/2% Senior Notes
due 2008 and Guarantees of Senior Notes., 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:
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George T. Hogan
Vice President
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EXHIBIT 7 TO FORM T-1
REPORT OF CONDITION
(ATTACHED)
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SUNTRUST BANK Call Date: 03/31/2001 State #: 130330 FFIEC 031
P.O. BOX 4418 CENTER 832 Vendor ID: D Cert #: 00867 RC-1
ATLANTA, GA 30302 Transit #: 61000104
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CONSOLIDATED REPORT OF CONDITION FOR INSURED COMMERCIAL AND
STATE-CHARTERED SAVINGS BANKS FOR MARCH 31, 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 C400
Dollar Amounts in Thousands
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ASSETS
1. Cash and balances due from depository institutions (from Schedule RC-A): RCFC
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a. Noninterest bearing balances and currency and coin (1)........................................ 0081 3,752,683 1.a
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b. Interest-bearing balances (2)................................................................. 0071 253,289 1.b
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2. Securities:
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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 17,660,633 2.b
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3. Federal funds sold and securities purchased under agreements to resell 1350 2,339,417 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 70,147,551 4.a
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b. LESS: Allowance for loan and lease losses............................... 3123 854,744 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, allowance, and reserve RCFD
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(item 4.a minus 4.b and 4.c).................................................................... 2125 69,292,807 4.d
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5. Tracing assets (from Schedule RC-D)............................................................. 3545 586,751 5.
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6. Premises and fixed assets (including capitalized leases)........................................ 2145 1,297,516 6.
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7. Other real estate owned f(from Schedule RC-V)................................................... 2150 34,863 7.
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8. Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M)........ 2130 0 8.
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9. Customers' liability to this bank on acceptances outstanding.................................... 2155 103,607 9.
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10. Intangible assets............................................................................... 2143 10.
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a. Goodwill..................................................................................... 3163 257,967 10.a
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b. Other intangible assets from Schedule RC-M................................................... 0428 377,437 10.b
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11. Other assets (from Schedule RC-F)............................................................... 2160 2,134,204 11.
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12. Total assets (sum of items 1 through 11)........................................................ 2170 100,442,885 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.
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SUNTRUST BANK Call Date: 03/31/2001 State #: 130330 FFIEC 031
P.O. BOX 4418 CENTER 832 Vendor ID: D Cert #: 00867 RC-1
ATLANTA, GA 30302 Transit #: 61000104
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SCHEDULE RC - CONTINUED
Dollar Amounts in Thousands
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LIABILITIES
13. Deposits: RCON
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a. In domestic offices (sum of totals of columns A and C from Schedule RCON 2200 58,032,413 13.a
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RC-E, part 1):
(1) Noninterest-bearing (1)............................................ 6831 9,032,006 13.a.1
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(2) Interest-bearing................................................... 6636 49,000,407 13.a.2
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b. In foreign offices, Edge and Agreement subsidiaries, and IBFs RCFN 13.b
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(from Schedule RC-E, part II)......................................... RCFN 2200 4,984,307
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(1) Noninterest-bearing................................................ 6631 0 13.b.1
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(2) Interest-bearing................................................... 6636 4,984,307 RCFD 13.b.2
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14. Federal funds purchased and securities sold under agreements to repurchase...................... 2800 14,214,221 14
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RCFD
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15. Trading liabilities (from Schedule RC-D)........................................................ 3548 0 15.a
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16. Other borrowed money (includes mortgage indebtedness and obligations under
capitalized leases) (from Schedule RC-M):
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a. With a remaining maturity of one year or less................................................ 3190 9,862,320 16.a
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17. Not applicable..................................................................................
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18. Bank's liability on acceptances executed and outstanding........................................ 2920 103,607 18
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19. Subordinated notes and debentures(2)............................................................ 3200 1,493,549 19
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20. Other liabilities (from Schedule RC-G).......................................................... 2930 2,712,568 20
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21. Total liabilities (sum of items 13 through 20).................................................. 2943 91,513,985 21
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22. Minority interest in consolidated subsidiaries.................................................. 3000 166,493 22
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EQUITY CAPITAL
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23. Perpetual preferred stock and related surplus................................................... 3838 0 23
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24. Common stock.................................................................................... 3230 21,600 24
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25. Surplus (exclude all surplus related to preferred stock)........................................ 3839 2,516,538 25
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26. a. Retained earnings............................................................................ 3632 5,262,819 26.a
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b. Accumulated other comprehensive income (3)................................................... B530 961,450 26.b
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27. Other equity capital components (4)............................................................. A130 0 27
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28. Total equity capital (sum of items 23 through 27)............................................... 3210 8,762,407 28
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29. Total liabilities and equity capital (sum of items 21 and 28)................................... 3300 100,442,885 29
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MEMORANDUM
TO BE REPORTED ONLY WITH THE MARCH REPORT OF CONDITION.
1. Indicated in the box at the right the number of the statement below
that best describes the most comprehensive level of auditing work RCFD Number
performed for the bank by independent external auditors as of ---- ----------
any date during 2000.......................................................................... 6724 2 M.1
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1= Independent audit of the bank conducted in accordance 5.= Directors' examination of the bank performed by other
with generally accepted auditing standards by a external auditors (may be required by state chartering
certified public accounting firm which submits a authority)
report on the bank
2= Independent audit of the bank's parent holding 6= Review of the bank's financial statements by external
company conducted in accordance with generally auditors
accepted auditing standards by a certified public
accounting firm which submits a report on the 7= Compilation of the bank's financial statements by
consolidated holding company (but not on the bank external auditors
separately)
3= Director's examination of the bank conducted in 8= Other audit procedures (excluding tax preparation work)
accordance with generally accepted auditing standards
by a certified public accounting firm (may be
required by state chartering authority) 9= No external audit work
4= Directors' examination of the bank conducted in
accordance 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.
(3) Includes net unrealized holding gains (losses) on available-for-sale
securities, accumulated net gains (losses) on cash flow hedges,
cumulative foreign currency translation adjustments, and minimum
pension liability adjustments.
(4) Includes treasury stock and unearned Employee Stock Ownership Plan
Shares.
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EXHIBIT 8 TO FORM T-1
(INTENTIONALLY OMITTED. NOT APPLICABLE.)
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EXHIBIT 9 TO FORM T-1
(INTENTIONALLY OMITTED. NOT APPLICABLE.)
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