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
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CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2)
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MARINE MIDLAND BANK
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(Exact name of trustee as specified in its charter)
New York 16-1057879
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(Jurisdiction of incorporation (I.R.S. Employer
or organization if not a U.S. Identification No.)
national bank)
140 Broadway, New York, N.Y. 10005-1180
(212) 658-1000 ----------
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(Address of principal executive offices)
Charles E. Bauer
Vice President
Marine Midland Bank
140 Broadway
New York, New York 10005-1180
Tel: (212) 658-1792
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(Name, address and telephone number of agent for service)
FRENCH FRAGRANCES, INC.
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(Exact name of obligor as specified in its charter)
Florida 59-0914138
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(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
14100 N.W. 60th Avenue
Miami, Florida 33014
(305) 818-8000 --------------------
- ---------------------------------------- (Zip Code)
(Address of principal executive offices)
10 3/8% SENIOR NOTES DUE 2007, SERIES B
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(Title of Indenture Securities)
General
Item 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.
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.
If the obligor is an affiliate of the trustee, describe each such
affiliation.
None
Item 16. LIST OF EXHIBITS.
EXHIBIT
T1A(I) * - Copy of the Organization Certificate of
Marine Midland Bank.
T1A(ii) * - Certificate of the State of New York
Banking Department dated December 31,
1993 as to the authority of Marine
Midland Bank to commence business.
T1A(iii) - Not applicable.
T1A(iv) * - Copy of the existing By-Laws of Marine
Midland Bank as adopted on January 20,
1994.
T1A(v) - Not applicable.
T1A(vi) * - Consent of Marine Midland Bank required
by Section 321(b) of the Trust Indenture
Act of 1939.
T1A(vii) - Copy of the latest report of condition
of the trustee (March 31, 1997),
published pursuant to law or the
requirement of its supervisory or
examining authority.
T1A(viii) - Not applicable.
T1A(ix) - Not applicable.
* Exhibits 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,
Marine Midland Bank, 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 2nd day of June, 1997.
MARINE MIDLAND BANK
By: /s/ FRANK J. GODINO
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Frank J. Godino
Assistant 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, 1999
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1
This financial information has
not been reviewed, or confirmed for accuracy
or relevance, by the Federal Reserve System. Please refer to page 1,
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 MARCH 31, 1997 (950630)
This report is required by law; (RCRI 9999)
12 U.S.C. ss.324 (State member This report form is to be filed
banks); 12 U.S.C. ss. 1817 by banks with branches and
State nonmember banks); and 12 consolidated subsidiaries in U.S.
U.S.C. ss.161 (National banks). territories and possissions,
Edge or Agreement subsidiaries,
foreign branches, consolidated
foreign subsidiaries,or
International Banking Facilities.
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NOTE: The Reports of Condition and The Reports of Condition
Income must be signed by an authorized and Income are to be
officer and the Report of Condition prepared in accordance
must be attested to by not less than with Federal regulatory
two directors (trustees) for State authority instructions.
nonmember banks and three directors NOTE: These instructions
for State member and National Banks. may in some cases differ
from generally accepted
I, GERALD A. RONNING, EXECUTIVE VP & CONTROLLER accounting principles.
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Name and Title of Officer Authorized to Sign We, the undersigned
Report directors (trustees),
attest to the correctness
of the named bank do hereby declare that of this Report of
these Reports of Condition and Income Condition (including the
(including the supporting schedules) have supporting schedules) and
been prepared in conformance with the declare that it has been
instructions issued by the appropriate examined by us and to the
Federal regulatory authority and are true best of out knowledge and
to the best of my knowledge and believe. belief has been prepared
in conformance with the
/s/ GERALD A. RONNING instructions issued by
- ---------------------------------------------- the appropriate Federal
Signature of Officer Authorized to Sign Report regulatory authority and
4/28/97 is true and correct.
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Date of Signature /s/ JAMES H. CLEAVE
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Director (Trustee)
/s/ BERNARD J. KENNEDY
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Director (Trustee)
/s/ MALCOM BURNETT
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Director (Trustee)
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FOR BANKS SUBMITTING HARD COPY REPORT FORMS:
STATE MEMBER BANK: Return the original NATIONAL BANKS: Return the
and one copy to the appropriate Federal original only in the SPECIAL
Reserve District Bank. RETURN ADDRESS ENVELOPE
PROVIDED. If express mail is
STATE NONMEMBER BANKS: Return the original used in lieu of the special
only in the SPECIAL RETURN ADDRESS return address envelope,
ENVELOPE PROVIDED. If express mail is used return the original only to
in lieu of the special return address the FDIC, c/o Quality Data
envelope, return the original only to the Systems, 2127 Espey Court,
FDIC, c/o Quality Data Systems, 2127 Suite 204, Crofton, MD 21114
Espey Court, Suite 204, Crofton, MD 21114.
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FDIC Certificate Number 00589
NOTICE
This form is intended to assist institutions with state publication
requirements. It has not been approved by any state banking authorities. Refer
to your appropriate state banking authorities for your state publication
requirements.
REPORT OF CONDITION
Consolidating domestic and foreign subsidiaries of the
Marine Midland Bank of Buffalo
Name of Bank City
in the state of New York, at the close of business
March 31, 1997
ASSETS
Thousands
of dollars
Cash and balances due from depository institutions:
Noninterest-bearing balances
currency and coin.................................... $1,026,267
Interest-bearing balances ........................... 2,219,196
Held-to-maturity securities.......................... 0
Available-for-sale securities........................ 3,728,393
Federal funds sold and securities purchased
under agreements to resell............................ 1,830,419
Loans and lease financing receivables:
Loans and leases net of unearned
income............................... 21,110,911
LESS: Allowance for loan and lease
losses............................... 441,315
LESS: Allocated transfer risk reserve 0
Loans and lease, net of unearned
income, allowance, and reserve....................... 20,669,596
Trading assets....................................... 1,005,199
Premises and fixed assets (including
capitalized leases).................................. 217,027
Other real estate owned................................. 18,586
Investments in unconsolidated
subsidiaries and associated companies................... 0
Customers' liability to this bank on
acceptances outstanding................................. 21,351
Intangible assets....................................... 495,502
Other assets............................................ 709,342
Total assets............................................ 31,940,878
LIABILITIES
Deposits:
In domestic offices.................................. 20,236,232
Noninterest-bearing.................. 4,166,679
Interest-bearing..................... 16,069,553
In foreign offices, Edge, and Agreement
subsidiaries, and IBFs.................................. 2,639,327
Noninterest-bearing.................. 0
Interest-bearing..................... 2,639,327
Federal funds sold and securities purchased
under agreements to resell............................ 3,281,586
Demand notes issued to the U.S. Treasury 197,415
Trading Liabilities...................................... 267,837
Other borrowed money:
With a remaining maturity of one year
or less.............................................. 1,800,280
With a remaining maturity of more than
one year............................................. 371,195
Bank's liability on acceptances
executed and outstanding................................ 21,351
Subordinated notes and debentures....................... 497,585
Other liabilities....................................... 525,585
Total liabilities....................................... 29,838,393
Limited-life preferred stock and
related surplus......................................... 0
EQUITY CAPITAL
Perpetual preferred stock and related
surplus................................................. 0
Common Stock............................................ 205,000
Surplus................................................. 1,983,378
Undivided profits and capital reserves.................. (76,867)
Net unrealized holding gains (losses)
on available-for-sale securities........................ (9,026)
Cumulative foreign currency translation
adjustments............................................. 0
Total equity capital.................................... 2,102,485
Total liabilities, limited-life
preferred stock, and equity capital..................... 31,940,878