FORM T-1
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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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UNITED STATES TRUST COMPANY OF NEW YORK
(Exact name of trustee as specified in its charter)
New York 13-3818954
(Jurisdiction of incorporation (I.R.S. employer
if not a U.S. national bank) identification No.)
114 West 47th Street 10036-1532
New York, NY (Zip Code)
(Address of principal
executive offices)
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DELCO REMY INTERNATIONAL, INC.
(Exact name of obligor as specified in its charter)
Delaware 35-1909253
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification No.)
2902 Enterprise Drive
Anderson, Indiana 46013
(Address of principal executive offices) (Zip Code)
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% Senior Notes Due
(Title of the indenture securities)
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GENERAL
1. General Information
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Furnish the following information as to the trustee:
(a) Name and address of each examining or supervising authority to which it
is subject.
Federal Reserve Bank of New York (2nd District), New York, New York
(Board of Governors of the Federal Reserve System).
Federal Deposit Insurance Corporation, Washington, D. C.
New York State Banking Department, Albany, New York
(b) Whether it is authorized to exercise corporate trust powers.
The trustee is authorized to exercise corporate trust powers.
2. Affiliations with the Obligor
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If the obligor is an affiliate of the trustee, describe each such
affiliation.
None.
3. Voting Securities of the Trustee
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2,999,020 shares of Common Stock - par value $5 per share
4. Trusteeships under Other Indentures
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Not applicable.
5. Interlocking Directorates and Similar Relationships with the Obligor or
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Underwriters
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Not applicable.
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6. Voting Securities of the Trustee Owned by the Obligor or its Officials
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Not applicable.
7. Voting Securities of the Trustee Owned by Underwriters or their Officials
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Not applicable.
8. Securities of the Obligor Owned or Held by the Trustee
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Not applicable.
9. Securities of Underwriters Owned or Held by the Trustee
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Not applicable.
10. Ownership or Holdings by the Trustee of Voting Securities of Certain
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Affiliates or Securities Holders of the Obligor
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Not applicable.
11. Ownership or Holdings by the Trustee of any Securities of a Person Owning
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50 Percent or More of the Voting Securities of the Obligor
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Not applicable.
12. Indebtedness of the Obligor to the Trustee
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Not applicable.
13. Defaults by the Obligor
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Not applicable.
14. Affiliations with the Underwriters
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Not applicable.
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15. Foreign Trustee
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Not applicable.
16. List of Exhibits
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T-1.1 -- Organization Certificate, as amended, issued by the State of New
York Banking Department to transact business as a Trust Company,
is incorporated by reference to Exhibit T-1.1 to Form T-1 filed
on October 6, 1995 with the Commission pursuant to the Trust
Indenture Act of 1939, as amended by the Trust Indenture Reform
Act of 1990 in an amended filing to an original Registration
Statement filed on August 28, 1995 (Registration No. 33-96262).
T-1.2 -- Included in Exhibit T-1.1.
T-1.3 -- Included in Exhibit T-1.1.
T-1.4 -- The By-Laws of United States Trust Company of New York, as
amended, is incorporated by reference to Exhibit T-1.4 to Form
T-1 filed on October 6, 1995 with the Commission pursuant to the
Trust Indenture Act of 1939, as amended by the Trust Indenture
Reform Act of 1990 in an amended filing to an original
Registration Statement filed on August 28, 1995 (Registration
No. 33-96262).
T-1.6 -- The consent of the trustee required by Section 321(b) of the
Trust Indenture Act of 1939, as amended by the Trust Indenture
Reform Act of 1990.
T-1.7 -- A copy of the latest report of condition of the trustee pursuant
to law or the requirements of its supervising or examining
authority.
NOTE
As of September 24,1997, the trustee had 2,999,020 shares of Common Stock
outstanding, all of which are owned by its parent company, U. S. Trust
Corporation. The term "trustee" in Item 2, refers to each of United States Trust
Company of New York and its parent company, U. S. Trust Corporation.
In answering Item 2 in this statement of eligibility, as to matters peculiarly
within the knowledge of the obligor or its directors, the trustee has relied
upon information furnished to it by the obligor and will rely on information to
be furnished by the obligor and the trustee disclaims responsibility for the
accuracy or completeness of such information.
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Pursuant to the requirements of the Trust Indenture Act of 1939, the
trustee, United States Trust Company of New York, a corporation organized
and existing 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 24th day of September, 1997.
UNITED STATES TRUST COMPANY OF
NEW YORK, Trustee
By: /s/JOHN GUILIANO
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John Guiliano
Vice President
Exhibit T-1.6
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The consent of the trustee required by Section 321(b) of the Act.
United States Trust Company of New York
114 West 47th Street
New York, NY 10036
September 1, 1995
Securities and Exchange Commission
450 5th Street, N.W.
Washington, DC 20549
Gentlemen:
Pursuant to the provisions of Section 321(b) of the Trust Indenture Act of 1939,
as amended by the Trust Indenture Reform Act of 1990, and subject to the
limitations set forth therein, United States Trust Company of New York ("U.S.
Trust") hereby consents that reports of examinations of U.S. Trust by Federal,
State, Territorial or District authorities may be furnished by such authorities
to the Securities and Exchange Commission upon request therefor.
Very truly yours,
UNITED STATES TRUST COMPANY
OF NEW YORK
By:
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Gerard F. Ganey
Senior Vice President
EXHIBIT T-1.7
UNITED STATES TRUST COMPANY OF NEW YORK
CONSOLIDATED STATEMENT OF CONDITION
June 30, 1997
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(IN THOUSANDS)
ASSETS
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Cash and Due from Banks $ 83,529
Short-Term Investments 259,746
Securities, Available for Sale 924,165
Loans 1,437,342
Less: Allowance for Credit Losses 13,779
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Net Loans 1,423,563
Premises and Equipment 61,515
Other Assets 122,696
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Total Assets $2,875,214
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LIABILITIES
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Deposits:
Non-Interest Bearing $ 763,075
Interest Bearing 1,409,017
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Total Deposits 2,172,092
Short-Term Credit Facilities 404,212
Accounts Payable and Accrued Liabilities 132,213
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Total Liabilities $2,708,517
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STOCKHOLDER'S EQUITY
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Common Stock 14,995
Capital Surplus 49,541
Retained Earnings 100,930
Unrealized Gains (Losses) on Securities
Available for Sale, Net of Taxes 1,231
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Total Stockholder's Equity 166,697
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Total Liabilities and
Stockholder's Equity $2,875,214
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I, Richard E. Brinkmann, Senior Vice President & Comptroller of the named bank
do hereby declare that this Statement of Condition has been prepared in
conformance with the instructions issued by the appropriate regulatory authority
and is true to the best of my knowledge and belief.
Richard E. Brinkman, SVP & Controller
August 7, 1997