EX-25.1 5 a2236348zex-25_1.htm EX-25.1
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Exhibit 25.1

 

UNITED STATES
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)

WELLS FARGO BANK, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)

A National Banking Association   94-1347393
(Jurisdiction of incorporation or
organization if not a U.S. national bank)
  (I.R.S. Employer
Identification No.)

101 North Phillips Avenue
Sioux Falls, South Dakota

 

57104
(Address of principal executive offices)   (Zip code)

Wells Fargo & Company
Law Department, Trust Section
MAC N9305-175
Sixth Street and Marquette Avenue, 17th Floor
Minneapolis, Minnesota 55479
(612) 667-4608
(Name, address and telephone number of agent for service)



FLUOR CORPORATION
(Exact name of obligor as specified in its charter)

Delaware   33-0927079
(State or other jurisdiction of
incorporation or organization)
  (I.R.S. Employer
Identification No.)

6700 Las Colinas Boulevard
Irving, Texas

 

75039
(Address of principal executive offices)   (Zip code)



Senior Debt Securities
(Title of the indenture securities)


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.

      Comptroller of the Currency
      Treasury Department
      Washington, D.C.

      Federal Deposit Insurance Corporation
      Washington, D.C.

      Federal Reserve Bank of San Francisco
      San Francisco, California 94120

    (b)
    Whether it is authorized to exercise corporate trust powers.

      The trustee is authorized to exercise corporate trust powers.

Item 2.    Affiliations with Obligor. If the obligor is an affiliate of the trustee, describe each such affiliation.

        None with respect to the trustee.

No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.

Item 15.    Foreign Trustee. Not applicable.

Item 16.    List of Exhibits. List below all exhibits filed as a part of this Statement of Eligibility.

  Exhibit 1.   A copy of the Articles of Association of the trustee now in effect.*

 

Exhibit 2.

 

A copy of the Comptroller of the Currency Certificate of Corporate Existence for Wells Fargo Bank, National Association, dated January 14, 2015.*

 

Exhibit 3.

 

A copy of the Comptroller of the Currency Certification of Fiduciary Powers for Wells Fargo Bank, National Association, dated January 6, 2014.*

 

Exhibit 4.

 

Copy of By-laws of the trustee as now in effect.*

 

Exhibit 5.

 

Not applicable.

 

Exhibit 6.

 

The consent of the trustee required by Section 321(b) of the Act.

 

Exhibit 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.

 

Exhibit 8.

 

Not applicable.

 

Exhibit 9.

 

Not applicable.

*
Incorporated by reference to the exhibit of the same number to the trustee's Form T-1 filed as exhibit to the Filing 305B2 dated March 13, 2015 of file number 333-190926.


SIGNATURE

        Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo 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 to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Los Angeles and State of California on the 26th day of July, 2018.

    WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

/s/ MADDY HUGHES

Maddy Hughes
Vice President


EXHIBIT 6

July 26, 2018

Securities and Exchange Commission
Washington, D.C. 20549

Gentlemen:

        In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

    Very truly yours,

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

/s/ MADDY HUGHES

Maddy Hughes
Vice President


Exhibit 7

Consolidated Report of Condition of Wells Fargo Bank National Association
of 101 North Phillips Avenue, Sioux Falls, SD 57104
And Foreign and Domestic Subsidiaries,
at the close of business March 31, 2018, filed in accordance with 12 U.S.C. §161 for National Banks.

 
   
  Dollar Amounts
In Millions
 

ASSETS

             

Cash and balances due from depository institutions:

             

Noninterest-bearing balances and currency and coin

        $ 17,369  

Interest-bearing balances

          184,177  

Securities:

             

Held-to-maturity securities

          141,338  

Available-for-sale securities

          255,739  

Equity Securities with readily determinable fair value not held for trading

          91  

Federal funds sold and securities purchased under agreements to resell:

             

Federal funds sold in domestic offices

          62  

Securities purchased under agreements to resell

          33,549  

Loans and lease financing receivables:

             

Loans and leases held for sale

          8,236  

Loans and leases, net of unearned income

    921,233        

LESS: Allowance for loan and lease losses

    9,937        

Loans and leases, net of unearned income and allowance

          911,296  

Trading Assets

          47,470  

Premises and fixed assets (including capitalized leases)

          8,067  

Other real estate owned

          564  

Investments in unconsolidated subsidiaries and associated companies

          12,080  

Direct and indirect investments in real estate ventures

          95  

Intangible assets

             

Goodwill

          22,467  

Other intangible assets

          17,972  

Other assets

          55,960  

Total assets

        $ 1,716,532  

LIABILITIES

             

Deposits:

             

In domestic offices

        $ 1,300,220  

Noninterest-bearing

    419,558        

Interest-bearing

    880,662        

In foreign offices, Edge and Agreement subsidiaries, and IBFs

          57,496  

Noninterest-bearing

    740        

Interest-bearing

    56,756        

Federal funds purchased and securities sold under agreements to repurchase:

             

Federal funds purchased in domestic offices

          8,394  

Securities sold under agreements to repurchase

          6,610  

Trading liabilities

          10,762  

Other borrowed money

             

(includes mortgage indebtedness and obligations under capitalized leases)

          125,409  

Subordinated notes and debentures

          11,864  

Other liabilities

          31,546  

Total liabilities

        $ 1,552,301  

 
   
  Dollar Amounts
In Millions
 

EQUITY CAPITAL

             

Perpetual preferred stock and related surplus

          0  

Common stock

          519  

Surplus (exclude all surplus related to preferred stock)

          112,560  

Retained earnings

          53,885  

Accumulated other comprehensive income

          –3,088  

Other equity capital components

          0  

Total bank equity capital

          163,876  

Noncontrolling (minority) interests in consolidated subsidiaries

          355  

Total equity capital

          164,231  

Total liabilities, and equity capital

        $ 1,716,532  

I, John R. Shrewsberry, Sr. EVP & CFO of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.

    John R. Shrewsberry
Sr. EVP & CFO

We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

Directors
Enrique Hernandez, Jr
Federico F. Pena
James Quigley




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SIGNATURE
EXHIBIT 6
Exhibit 7 Consolidated Report of Condition of Wells Fargo Bank National Association of 101 North Phillips Avenue, Sioux Falls, SD 57104 And Foreign and Domestic Subsidiaries, at the close of business March 31, 2018, filed in accordance with 12 U.S.C. §161 for National Banks.