Exhibit 25
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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)
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-------------------------------------
SUNTRUST BANK
(Exact name of trustee as specified in its charter)
Georgia 58-0466330
(Jurisdiction of incorporation if not a U.S. national bank) (I.R.S. Employer Identification Number)
303 Peachtree Street, Suite 300
Atlanta, Georgia 30303
(Address of principal executive offices) (Zip Code)
Wallace L. Duke, Jr.
SunTrust Bank
424 Church Street, 6th Floor
Nashville, Tennessee 37219
(615) 748-5324
(Name, address and telephone number of agent for service)
ROADWAY CORPORATION
(Exact name of obligor as specified in its charter)
Delaware 34-1956254
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number)
1077 Gorge Blvd.
Akron, Ohio 44310
(Address of principal executive offices) (Zip Code)
8 1/4% SENIOR NOTES DUE DECEMBER 1, 2008
(Title of the indenture securities)
ITEM 1. GENERAL INFORMATION
(a) The following are the names and addresses of each examining or
supervising authority to which the Trustee is subject.
Name Address
---- -------
Department of Banking and Finance Atlanta, Georgia
State of Georgia
Federal Reserve Bank of Atlanta 104 Marietta Street, N.W.
Atlanta, GA
Federal Deposit Insurance Corp. Washington, D.C.
(b) The Trustee is authorized to exercise corporate trust powers.
ITEM 2. AFFILIATIONS WITH THE OBLIGOR.
The obligor is not an affiliate of the Trustee.
No Responses are included for items 3 through 12, 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 on any Securities issued
under indentures under which SunTrust Bank is a Trustee.
ITEM 13. DEFAULTS BY THE OBLIGOR.
Not applicable.
ITEM 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.
EXHIBIT 1 A copy of the Articles of Amended and Restated Articles of
Association of SunTrust now in effect (dated as of August 8,
2000) (Included in Exhibit 1 to Form T-1, Registration
No. 333-62644).
EXHIBIT 2 A copy of the Certificate of Authority of SunTrust to
commence business. (Included in Exhibit 1).
EXHIBIT 3 A copy of the authorization of SunTrust to exercise corporate
trust powers. (Included in Exhibit 1).
EXHIBIT 4 A copy of the Existing Bylaws of SunTrust Bank, as amended
and restated February 13, 2001 (Included in Exhibit 4 to
Form T-1, Registration No. 333-62644).
EXHIBIT 5 Not applicable.
EXHIBIT 6 Consent of SunTrust Bank, required by Section 321(b) of
the Act.
EXHIBIT 7 The latest report of condition of SunTrust Bank, dated as of
September 30, 2001.
EXHIBIT 8 Not Applicable.
EXHIBIT 9 Not Applicable.
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 Nashville and State of Tennessee on this 10th day
of December, 2001.
SunTrust Bank
By: /s/ Wallace L. Duke, Jr.
--------------------------------
Wallace L. Duke, Jr.
Title: Group Vice President
EXHIBIT 6
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 8 1/4% Senior Notes due
December 1, 2008, of Roadway Corporation, SunTrust Bank hereby consents that
reports of examinations by Federal, State, Territorial or District Authorities
may be furnished by such authorities to the Securities & Exchange Commission
upon request therefor.
SunTrust Bank
By: /s/ Wallace L. Duke, Jr.
---------------------------------
Wallace L. Duke, Jr.
Title: Group Vice President
EXHIBIT 7
THE LATEST REPORT OF CONDITION OF SUNTRUST BANK, DATED AS OF SEPTEMBER 30, 2001
SUNTRUST BANK FFIEC 031
- ------------------------------------ RC-1
Legal Title of Bank
ATLANTA
- ------------------------------------
City --------
GA 30302 11
- ------------------------------------ --------
State Zip Code
Transmitted to EDS as 0154487 on 10/29/01 at 13:53: 18 CST
FDIC Certificate Number - 00867
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 RCFD Bil Mil Thou
- -------------------------------------------------------------------------------------------------------------------
ASSETS
---------------------------------
1. Cash and balances due from depository institutions (from Schedule RC-A):
-----------------------------------
a. Noninterest-bearing balances and currency and coin (1)............ 0081 3,619,465 1.a
-----------------------------------
b. Interest-bearing balances (2)..................................... 0071 114,430 1.b
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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 15,782,894 2.b
-----------------------------------
3. Federal funds sold and securities purchased under agreements to
resell................................................................ 1350 2,759,795 3
-----------------------------------
4. Loans and lease financing receivables (from Schedule RC-C):
-----------------------------------
A. LOANS AND LEASES HELD FOR SALE.................................... 5369 3,254,854 4.a
---------------------- -----------------------------------
B. LOANS AND LEASES, NET OF UNEARNED INCOME B528 69,407,211
---------------------- -----------------------------------
c. LESS: Allowance for loan and lease losses 3123 847,731
---------------------- -----------------------------------
D. LOANS AND LEASES, NET OF UNEARNED INCOME AND ALLOWANCE
(ITEM 4.B MINUS 4.C).............................................. B529 68,559,480 4.d
-----------------------------------
5. Trading assets (from Schedule RC-D) 3545 877,650 5
-----------------------------------
6. Premises and fixed assets (including capitalized leases).............. 2145 1,291,434 6
-----------------------------------
7. Other real estate owned (from Schedule RC-M).......................... 2150 30,450 7
-----------------------------------
8. Investments in unconsolidated and associated companies (from
Schedule RC-M)........................................................ 2130 0 8
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9. Customers' liability to this bank on acceptances outstanding.......... 2155 56,229 9
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10. Intangible assets
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A. GOODWILL.......................................................... 3163 235,241 10.a
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B. OTHER INTANGIBLE ASSETS (FROM SCHEDULE RC-M)...................... 0426 392,836 10.b
-----------------------------------
11. Other assets (from Schedule RC-F)..................................... 2160 2,294,715 11
-----------------------------------
12. Total assets (sum of items 1 through 11).............................. 2170 99,269,473 12
-----------------------------------
- ----------
(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
SUNTRUST BANK .................. FFIEC 031
Legal Title of Bank................. RC-2
Transmitted to EDS as 0154487 on 10/29/01 at 13:53: 18 CST
FDIC Certificate Number - 00867 [ 12 ]
SCHEDULE RC--CONTINUED
-----------------------------------
Dollar Amounts in Thousands Bil Mil Thou
- -------------------------------------------------------------------------------------------------------------------
LIABILITIES
---------------------------------
13. Deposits: RCON
-----------------------------------
a. In domestic offices (sum of totals of columns A and C from
Schedule RC-E, part I)............................................ 2200 60,058,110 13.a
---------------------- -----------------------------------
(1) Noninterest-bearing(1) .................. 6631 7,915,172 13.a.1
---------------------- -----------------------------------
(2) Interest-bearing......................... 6636 52,142,938 13.a.2
---------------------- -----------------------------------
b. In foreign offices, Edge and Agreement subsidiaries, and IBFs RCFN
(from Schedule RC-E, part II)..................................... 2200 3,453,811 13.b
---------------------- -----------------------------------
(1) Noninterest-bearing ..................... 6631 0 13.b.1
---------------------- -----------------------------------
(2) Interest-bearing......................... 6636 3,453,811 RCFD 13.b.2
---------------------- -----------------------------------
14. Federal funds purchased and securities sold under agreements to
repurchase............................................................ 2800 11,364,770 14
-----------------------------------
15. Trading liabilities (from Schedule RC-D).............................. 3548 0 15
-----------------------------------
16. OTHER BORROWED MONDY (INCLUDES MORTGAGE INDEBTEDNESS AND
OBLIGATIONS UNDER CAPITALIZED LEASES) (FROM SCHEDULE RC-M):........... 3190 10,552,726 16
-----------------------------------
17. Not applicable
-----------------------------------
18. Bank's liability on acceptances executed and outstanding.............. 2920 56,229 18
-----------------------------------
19. Subordinated notes and debentures (2)................................. 3200 2,003,320 19
-----------------------------------
20. Other liabilities (from Schedule RC-G)................................ 2930 2,982,694 20
-----------------------------------
21. Total liabilities (sum of items 13 through 20)........................ 2948 90,471,660 21
-----------------------------------
22. MINORITY INTEREST IN CONSOLIDATED SUBSIDIARIES........................ 3000 166,493 22
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EQUITY CAPITAL
-----------------------------------
23. Perpetual preferred stock and related surplus......................... 3838 0 23
-----------------------------------
24. Common stock.......................................................... 3230 21,600 24
-----------------------------------
25. Surplus (exclude all surplus related to preferred stock).............. 3839 2,516,538 25
-----------------------------------
26. a. Retained earnings................................................. 3632 5,068,364 26.a
-----------------------------------
B. ACCUMULATED OTHER COMPREHENSIVE INCOME(3) ........................ B530 1,024,818 26.b
-----------------------------------
27. OTHER EQUITY CAPITAL COMPONENTS(4).................................... A130 0 27
-----------------------------------
28. Total equity capital (sum of items 23 through 27) 3210 8,631,320 28
-----------------------------------
29. Total liabilities, minority interest, and equity capital (sum of items
21, 22 and 28)........................................................ 3300 99,269,473 29
-----------------------------------
____________________________________
(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.
MEMORANDUM
TO BE REPORTED ONLY WITH THE MARCH REPORT OF CONDITION.
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1. Indicate in the box at the right the number of the statement below that best RCFD Number
describes the most comprehensive level of auditing work performed for the bank by
independent external auditors as of any date during 2000 ........................ 6724 N/A M.1
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1 = Independent audit of the bank conducted in accordance with 4 = Director's examination of the bank conducted in
generally accepted auditing standards by a certified public accordance with generally accepted auditing
accounting firm which submits a report on the bank standards by a certified public accounting firm
(may be required by state chartering authority)
2 = Independent audit of the bank's parent holding company 5 = Director's examination of the bank performed by
conducted in accordance with generally accepted auditing other external auditors (may be required by other
standards by a certified public accounting firm which external auditors
submits a report on the consolidated holding company (but 6 = Review of the bank's financial statements by
not on the bank separately) external auditors
3 = Attestation on bank management's assertion on the 7 = Compilation of the bank's financial statements by
effectiveness of the bank's internal control over financial external auditors
reporting by a certified public accounting firm 8 = Other audit procedures (excluding tax preparation
work)
9 = No external audit work