EX-25.4 4 d393244dex254.htm EX-25.4 EX-25.4

Exhibit 25.4

 

 

 

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)

 

 

UMB BANK, NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

 

 

44-0194180

I.R.S. Employer Identification No.

 

1010 Grand Blvd.

Kansas City, Missouri

   64106
(Address of principal executive offices)   (Zip Code)

Anthony Hawkins

UMB BANK, NATIONAL ASSOCIATION

1010 Grand Blvd.

Kansas City, MO 64106

(816) 860-3014

(Name, address and telephone number of agent for service)

 

 

EPR PROPERTIES*

(Issuer with respect to the Securities)

 

 

 

Maryland   43-1790877

(State or other jurisdiction of

incorporation or organization)

  

(I.R.S. Employer

Identification No.)

 

909 Walnut Street, Suite 200

Kansas City, Missouri

   64106
(Address of Principal Executive Offices)   (Zip Code)

 

 

Senior Notes

Guarantees of Senior Notes

(Title of the Indenture Securities)

 

 

 

*ADDITIONAL SUBSIDIARY GUARANTOR REGISTRANTS(1)

 

Exact name of guarantor as specified in its Charter

    State or other jurisdiction of
incorporation or organization		    I.R.S. Employer
Identification Number		  

30 West Pershing, LLC

    Missouri      41-2039368  

Adelaar Developer, LLC

    Delaware      47-3410984  

Burbank Village, L.P.

    Delaware      83-0428433  

Cantera 30 Theatre, L.P.

    Delaware      43-1884501  

Early Childhood Education, LLC

    Delaware      47-5141922  

ECE I, LLC

    Delaware      46-2144353  

ECE II, LLC

    Delaware      46-2148248  

ECS Douglas I, LLC

    Delaware      45-1271582  

Education Capital Solutions, LLC

    Delaware      35-2296092  

EPR Fitness, LLC

    Delaware      81-4672011  

EPR Hialeah, Inc.

    Missouri      30-0197409  

EPR Karting, LLC

    Delaware      81-1847314  

EPR North US LP

    Delaware      47-2492570  

EPR Resorts, LLC

    Delaware      47-2069809  

EPR Tuscaloosa, LLC

    Delaware      80-0873608  

EPT 909, Inc.

    Delaware      27-2523665  

EPT Aliso Viejo, Inc.

    Delaware      59-3831780  

EPT Arroyo, Inc.

    Delaware      20-5367491  

EPT Auburn, Inc.

    Delaware      20-5367214  

EPT Boise, Inc.

    Delaware      34-2057230  

EPT Charlotte, LLC

    Delaware      45-5007632  

EPT Columbiana, Inc.

    Delaware      20-5367067  

EPT Concord II, LLC

    Delaware      27-2858201  

EPT Dallas, LLC

    Delaware      27-4111486  

EPT Davie, Inc.

    Delaware      59-3831787  

EPT Deer Valley, Inc.

    Delaware      34-2057235  

EPT DownREIT II, Inc.

    Missouri      43-1818086  

EPT Fontana, LLC

    Delaware      27-3677983  

EPT Gulf Pointe, Inc.

    Delaware      26-0814259  

EPT Hamilton, Inc.

    Delaware      34-2057236  

EPT Huntsville, Inc.

    Delaware      20-5717893  

EPT Hurst, Inc.

    Delaware      20-4801009  

EPT Kalamazoo, Inc.

    Missouri      74-3139121  

EPT Lafayette, Inc.

    Delaware      20-5367392  

EPT Little Rock, Inc.

    Delaware      34-2057231  

EPT Macon, Inc.

    Delaware      20-5367283  

EPT Mad River, Inc.

    Missouri      86-1150058  

EPT Melbourne, Inc.

    Missouri      20-1341980  

EPT Mesa, Inc.

    Delaware      20-4800922  

EPT Mesquite, Inc.

    Delaware      26-0814568  

EPT Modesto, Inc.

    Delaware      20-5367136  

EPT Mount Snow, Inc.

    Delaware      20-8803058  

EPT Nineteen, Inc.

    Delaware      27-1455380  

EPT Oakview, Inc.

    Delaware      20-8739552  

EPT Pensacola, Inc.

    Missouri      26-0108126  

EPT Pompano, Inc.

    Delaware      34-2057232  

EPT Raleigh Theatres, Inc.

    Delaware      34-2057233  

EPT Ski Properties, Inc.

    Delaware      26-1336192  

EPT South Barrington, Inc.

    Delaware      26-0814611  

EPT Twin Falls, LLC

    Delaware      27-3677936  

EPT Waterparks, Inc.

    Delaware      20-8267442  

EPT Wilmington, Inc.

    Delaware      20-5367007  

Exact name of guarantor as specified in its Charter

    State or other jurisdiction of
incorporation or organization		    I.R.S. Employer
Identification Number

Flik, Inc.

    Delaware    16-1653228

Megaplex Four, Inc.

    Missouri    43-1922877

Megaplex Nine, Inc.

    Missouri    43-1912698

New Roc Associates, L.P.

    New York    22-3337447

Tampa Veterans 24, L.P.

    Delaware    54-2112225

WestCol Center, LLC

    Delaware    45-2179322

 

(1) The address, including zip code, and telephone number, including area code, for each of the additional registrants is 909 Walnut Street, Suite 200, Kansas City, Missouri 64106, (816) 472-1700.

FORM T-1

 

Item 1. GENERAL INFORMATION. Furnish the following information as to the Trustee.

 

  a) Name and address of each examining or supervising authority to which it is subject.

The Comptroller of the Currency

Mid-Western District

2345 Grand Avenue, Suite 700

Kansas City, Missouri 64108

Federal Reserve Bank of Kansas City

Federal Reserve P.O. Station

Kansas City, Missouri 64198

Supervising Examiner

Federal Deposit Insurance Corporation

720 Olive Street, Suite 2909

St. Louis, Missouri 63101

 

  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

 

Items 3-15 Not Applicable

 

Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

 

  1. A copy of the Articles of Association of the Trustee (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-74008).

 

  2. Certificate of Authority from the Comptroller of the Currency evidencing a change of the corporate title of the Association (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-74008).

 

  3. Certificate from the Comptroller of the Currency evidencing authority to exercise corporate trust powers and a letter evidencing a change of the corporate title of the Association (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-74008).

 

  4. Bylaws, as amended of the Trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-74008).

  5. A copy of each Indenture referred to in Item 4. Not applicable.

 

  6. Consent of the Trustee required by Section 321(b) of the Act (Exhibit 6 to Registration Statement No. 333-74008).

 

  7. Report of Condition of the Trustee as of March 31, 2017 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, UMB BANK, NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, 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 Kansas City, State of Missouri on the 16th day of May, 2017.

 

By:  

/s/ Douglas G. Hare

  Douglas G. Hare
  Senior Vice President

Exhibit 7

(See Attached)

Schedule RC 15

Consolidated Report of Condition for Insured Banks

and Savings Associations for March 31, 2017

All schedules are to be reported in thousands of dollars. Unless otherw ise indicated, report the amount outstanding as of the last business day of the quarter.

Schedule RC—Balance Sheet

 

     Dollar Amounts in Thousands             Amount         

Assets

               

1. Cash and balances due from depository institutions (from Schedule RC-A):

               

a. Noninterest-bearing balances and currency and coin (1)

            RCON0081        371,990        1.a.  

b. Interest-bearing balances (2)

            RCON0071        360,219        1.b.  

2. Securities:

               

a. Held-to-maturity securities (from Schedule RC-B, column A)

            RCON1754        1,206,639        2.a.  

b. Available-for-sale securities (from Schedule RC-B, column D)

            RCON1773        6,548,876        2.b.  

3. Federal funds sold and securities purchased under agreements to resell:

               

a. Federal funds sold

            RCONB987        1,066        3.a.  

b. Securities purchased under agreements to resell (3)

            RCONB989        195,401        3.b.  

4. Loans and lease financing receivables (from Schedule RC-C):

               

a. Loans and leases held for sale

            RCON5369        1,934        4.a.  

b. Loans and leases held for investment

     RCONB528        10,757,133              4.b.  

c. LESS: Allow ance for loan and lease losses

      RCON3123        93,323              4.c.  

d. Loans and leases held for investment, net of allowance (item 4.b minus 4.c)

            RCONB529        10,663,810        4.d.  

5. Trading assets (from Schedule RC-D)

            RCON3545        51,353        5.     

6. Premises and fixed assets (including capitalized leases)

            RCON2145        218,602        6.     

7. Other real estate ow ned (from Schedule RC-M)

            RCON2150        225        7.     

8. Investments in unconsolidated subsidiaries and associated companies

            RCON2130        0        8.     

9. Direct and indirect investments in real estate ventures

            RCON3656        0        9.     

10. Intangible assets:

               

a. Goodw ill

            RCON3163        108,650        10.a.  

b. Other intangible assets (from Schedule RC-M)

            RCON0426        10,796        10.b.  

11. Other assets (from Schedule RC-F)

            RCON2160        551,168        11.     

12. Total assets (sum of items 1 through 11)

            RCON2170        20,290,729        12.     

 

(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
(3) Includes all securities resale agreements, regardless of maturity.

Schedule RC 16

Schedule RC—Continued

 

     Dollar Amounts in Thousands             Amount        

Liabilities

              

13. Deposits:

              

a. In domestic offices (sum of totals of columns A and C from Schedule RC-E)

            RCON2200        16,003,043       13.a.  

(1) Noninterest-bearing (1)

      RCON6631        6,309,793             13.a.(1)  

(2) Interest-bearing

      RCON6636        9,693,250             13.a.(2)  

b. Not applicable

              

14. Federal funds purchased and securities sold under agreements to repurchase:

              

a. Federal funds purchased (2)

            RCONB993        1,052,207       14.a.  

b. Securities sold under agreements to repurchase (3)

            RCONB995        1,338,605       14.b.  

15. Trading liabilities (from Schedule RC-D)

            RCON3548        0       15.  

16. Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases) (from Schedule RC-M)

            RCON3190        8,578       16.  

17. Not applicable

              

18. Not applicable

              

19. Subordinated notes and debentures (4)

            RCON3200        0       19.  

20. Other liabilities (from Schedule RC-G)

            RCON2930        181,016       20.  

21. Total liabilities (sum of items 13 through 20)

            RCON2948        18,583,449       21.  

22. Not applicable

                 22.  

Equity Capital

              

Bank Equity Capital

              

23. Perpetual preferred stock and related surplus

            RCON3838        0       23.  

24. Common stock

            RCON3230        21,250       24.  

25. Surplus (exclude all surplus related to preferred stock)

            RCON3839        750,818       25.  

26.

              

a. Retained earnings

            RCON3632        979,197       26.a.  

b. Accumulated other comprehensive income (5)

            RCONB530        (43,985 )      26.b.  

c. Other equity capital components (6)

            RCONA130        0       26.c.  

27.

              

a. Total bank equity capital (sum of items 23 through 26.c)

            RCON3210        1,707,280       27.a.  

b. Noncontrolling (minority) interests in consolidated subsidiaries

            RCON3000        0       27.b.  

28. Total equity capital (sum of items 27.a and 27.b)

            RCONG105        1,707,280       28.  

29. Total liabilities and equity capital (sum of items 21 and 28)

            RCON3300        20,290,729       29.  

 

(1) Includes noninterest-bearing demand, time, and savings deposits.
(2) Report overnight Federal Home Loan Bank advances in Schedule RC, item 16, “Other borrowed money.”
(3) Includes all securities repurchase agreements, regardless of maturity.
(4) Includes limited-life preferred stock and related surplus.
(5) Includes, but is not limited to, net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, and accumulated defined benefit pension and other postretirement plan adjustments.
(6) Includes treasury stock and unearned Employee Stock Ownership Plan shares.

Schedule RC 17

Schedule RC—Continued

Memoranda

To be reported with the March Report of Condition.

 

                        

Number

     

1. Indicate in the box at the right the number of the statement below that best describes the most comprehensive level of auditing work performed for the bank by independent external auditors as of any date during 2016

   RCON6724    2a    M.1.

 

1a    = An integrated audit of the reporting institution’s financial statements and its internal control over financial reporting conducted in accordance w ith the standards of the American Institute of Certified Public Accountants (AICPA) or the Public Company Accounting Oversight Board (PCAOB) by an independent public accountant that submits a report on the institution.

 

1b    = An audit of the reporting institution’s financial statements only conducted in accordance with the auditing standards of the AICPA or the PCAOB by an independent public accountant that submits a report on the institution.

 

2a    = An integrated audit of the reporting institution’s parent holding company’s consolidated financial statements and its internal control over financial reporting conducted in accordance with the standards of the AICPA or the PCAOB by an independent public accountant that submits a report on the consolidated holding company (but not on the institution separately).
2b    = An audit of the reporting institution’s parent holding company’s consolidated financial statements only conducted in accordance with the auditing standards of the AICPA or the PCAOB by an independent public accountant that submits a report on the consolidated holding company (but not on the institution separately).

 

3    = This number is not to be used.

 

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)

 

5    = Directors’ examination of the bank performed by other external auditors (may be required by state chartering authority)

 

6    = Review of the bank’s financial statements by external auditors

 

7    = Compilation of the bank’s financial statements by external auditors

 

8    = Other audit procedures (excluding tax preparation work)

 

9    = No external audit work
 

 

            Date                

To be reported with the March Report of Condition.

            

2. Bank’s fiscal year-end date (report the date in MMDD format)

      RCON8678           1231        M.2.