EX-25.1 6 d37329dex251.htm EX-25.1 EX-25.1

Exhibit 25.1

 

 

 

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)

 

 

U.S. BANK NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

 

 

31-0841368

I.R.S. Employer Identification No.

 

800 Nicollet Mall

Minneapolis, Minnesota

   55402
(Address of principal executive offices)   (Zip Code)

David Ferrell

U.S. Bank National Association

1049 West Peachtree Street, NE

Suite 1050

Atlanta, GA 30309

(404) 898-8821

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

 

 

Asbury Automotive Group, Inc.

(Issuer with respect to the Securities)

 

 

 

Delaware   01-0609375

(State or other jurisdiction of

incorporation or organization)

  

(I.R.S. Employer

Identification No.)

 

2905 Premiere Parkway NW
Suite 300

Duluth, Georgia

   30097
(Address of Principal Executive Offices)   (Zip Code)

 

 

 

TABLE OF ADDITIONAL OBLIGORS

 

Exact Name of Obligor
as Specified in its Charter

    State of
Incorporation
or Organization		    IRS Employer
Identification
Number

AF Motors, L.L.C.

    Delaware    59-3604214

ANL, L.P.

    Delaware    59-3503188

Arkansas Automotive Services, L.L.C.

    Delaware    27-1386071

Asbury AR Niss L.L.C.

    Delaware    84-1666361

Asbury Arlington MB, LLC

    Delaware    13-3997031

Asbury Atlanta AC L.L.C.

    Delaware    58-2241119

Asbury Atlanta AU L.L.C.

    Delaware    58-2241119

Asbury Atlanta BM L.L.C.

    Delaware    58-2241119

Asbury Atlanta CHEV, LLC

    Delaware    26-1923764

Asbury Atlanta Chevrolet L.L.C.

    Delaware    58-2241119

Asbury Atlanta Ford, LLC

    Delaware    38-3940402

Asbury Atlanta Hon L.L.C.

    Delaware    58-2241119

Asbury Atlanta Hund L.L.C.

    Delaware    32-0410122

Asbury Atlanta Inf L.L.C.

    Delaware    58-2241119

Asbury Atlanta Infiniti L.L.C.

    Delaware    58-2241119

Asbury Atlanta Jaguar L.L.C.

    Delaware    58-2241119

Asbury Atlanta K L.L.C.

    Delaware    80-0921323

Asbury Atlanta Lex L.L.C.

    Delaware    58-2241119

Asbury Atlanta Nis II, LLC

    Delaware    58-2241119

Asbury Atlanta Nis L.L.C.

    Delaware    58-2241119

Asbury Atlanta Toy 2 L.L.C.

    Delaware    37-1732856

Asbury Atlanta Toy L.L.C.

    Delaware    26-2192047

Asbury Atlanta VB L.L.C.

    Delaware    46-1138538

Asbury Atlanta VL L.L.C.

    Delaware    58-2241119

Asbury Austin JLR, LLC

    Delaware    13-3997031

Asbury Automotive Arkansas Dealership Holdings L.L.C.

    Delaware    71-0817515

Asbury Automotive Arkansas L.L.C.

    Delaware    71-0817514

Asbury Automotive Atlanta II L.L.C.

    Delaware    26-1923764

Asbury Automotive Atlanta L.L.C.

    Delaware    58-2241119

Asbury Automotive Brandon, L.P.

    Delaware    59-3584655

Asbury Automotive Central Florida, L.L.C.

    Delaware    59-3580818

Asbury Automotive Deland, L.L.C.

    Delaware    59-3604210

Asbury Automotive Fresno L.L.C.

    Delaware    03-0508496

Asbury Automotive Group L.L.C.

    Delaware    23-2790555

Asbury Automotive Jacksonville GP L.L.C.

    Delaware    59-3512660

Asbury Automotive Jacksonville, L.P.

    Delaware    59-3512662

Asbury Automotive Management L.L.C.

    Delaware    23-2790555

Asbury Automotive Mississippi L.L.C.

    Delaware    64-0924573

Asbury Automotive North Carolina Dealership Holdings L.L.C.

    Delaware    56-2106587

Asbury Automotive North Carolina L.L.C.

    Delaware    52-2106838

Asbury Automotive North Carolina Management L.L.C.

    Delaware    52-2106838

Asbury Automotive North Carolina Real Estate Holdings L.L.C.

    Delaware    23-2983952

Asbury Automotive Oregon L.L.C.

    Delaware    52-2106837

Asbury Automotive Southern California L.L.C.

    Delaware    16-1676796

Asbury Automotive St. Louis II L.L.C.

    Delaware    26-2753770

 

2

Asbury Automotive St. Louis, L.L.C.

    Delaware    43-1767192

Asbury Automotive Tampa GP L.L.C.

    Delaware    13-3990508

Asbury Automotive Tampa, L.P.

    Delaware    13-3990509

Asbury Automotive Texas L.L.C.

    Delaware    13-3997031

Asbury Automotive Texas Real Estate Holdings L.L.C.

    Delaware    75-2760935

Asbury Automotive West, LLC

    Delaware    23-2790555

Asbury CH Motors L.L.C.

    Delaware    59-3185442

Asbury CO CDJR, LLC

    Delaware    23-2790555

Asbury CO SUB, LLC

    Delaware    23-2790555

Asbury Dallas BEN, LLC

    Delaware    13-3997031

Asbury Dallas KAR, LLC

    Delaware    13-3997031

Asbury Dallas MAS, LLC

    Delaware    13-3997031

Asbury Dallas MB, LLC

    Delaware    13-3997031

Asbury Dallas MCL, LLC

    Delaware    13-3997031

Asbury Dallas POR, LLC

    Delaware    13-3997031

Asbury Dallas RR, LLC

    Delaware    13-3997031

Asbury Dallas VOL, LLC

    Delaware    13-3997031

Asbury Deland Hund, LLC

    Delaware    46-5171161

Asbury Deland Imports 2, L.L.C.

    Delaware    59-3629420

Asbury DFW JLR, LLC

    Delaware    13-3997031

Asbury Fort Worth MB, LLC

    Delaware    13-3997031

Asbury Fresno Imports L.L.C.

    Delaware    03-0508500

Asbury Ft. Worth Ford, LLC

    Delaware    38-3942921

Asbury Georgia TOY, LLC

    Delaware    26-1923764

Asbury Grapevine LEX, LLC

    Delaware    13-3997031

Asbury IN CBG, LLC

    Delaware    43-1767192

Asbury IN CDJ, LLC

    Delaware    43-1767192

Asbury IN CHEV, LLC

    Delaware    43-1767192

Asbury IN FORD, LLC

    Delaware    43-1767192

Asbury IN HON, LLC

    Delaware    43-1767192

Asbury IN TOY, LLC

    Delaware    43-1767192

Asbury Indy Chev, LLC

    Delaware    43-1767192

Asbury Jax AC, LLC

    Delaware    45-0551011

Asbury Jax Ford, LLC

    Delaware    47-3473001

Asbury Jax Holdings, L.P.

    Delaware    59-3516633

Asbury Jax Hon L.L.C.

    Delaware    02-0811016

Asbury Jax K L.L.C.

    Delaware    36-4572826

Asbury Jax Management L.L.C.

    Delaware    59-3503187

Asbury Jax VW L.L.C.

    Delaware    02-0811020

Asbury MS CHEV L.L.C.

    Delaware    06-1749057

Asbury MS Gray-Daniels L.L.C.

    Delaware    64-0939974

Asbury No Cal Niss L.L.C.

    Delaware    05-0605055

Asbury Plano LEX, LLC

    Delaware    13-3997031

Asbury Sacramento Imports L.L.C.

    Delaware    33-1080505

Asbury SC JPV L.L.C.

    Delaware    27-3565233

Asbury SC LEX L.L.C.

    Delaware    27-3565101

Asbury SC Toy L.L.C.

    Delaware    27-3564690

Asbury So Cal DC L.L.C.

    Delaware    33-1080498

Asbury So Cal Hon L.L.C.

    Delaware    33-1080502

Asbury So Cal Niss L.L.C.

    Delaware    59-3781893

Asbury South Carolina Real Estate Holdings L.L.C.

    Delaware    27-4085056

Asbury St. Louis Cadillac L.L.C.

    Delaware    43-1767192

 

3

Asbury St. Louis FSKR, L.L.C.

    Delaware    27-1076730

Asbury St. Louis Lex L.L.C.

    Delaware    43-1767192

Asbury St. Louis LR L.L.C.

    Delaware    43-1799300

Asbury St. Louis M L.L.C.

    Delaware    27-3214624

Asbury Tampa Management L.L.C.

    Delaware    59-3512657

Asbury Texas D FSKR, L.L.C.

    Delaware    27-1076393

Asbury Texas H FSKR, L.L.C.

    Delaware    27-1076640

Asbury TX Auction, LLC

    Delaware    13-3997031

Asbury-Deland Imports, L.L.C.

    Delaware    59-3604213

Atlanta Real Estate Holdings L.L.C.

    Delaware    58-2241119

Avenues Motors, Ltd.

    Florida    59-3381433

Bayway Financial Services, L.P.

    Delaware    59-3503190

BFP Motors L.L.C.

    Delaware    30-0217335

C & O Properties, Ltd.

    Florida    59-2495022

Camco Finance II L.L.C.

    Delaware    52-2106838

CFP Motors L.L.C.

    Delaware    65-0414571

CH Motors L.L.C.

    Delaware    59-3185442

CHO Partnership, Ltd.

    Florida    59-3041549

CK Chevrolet L.L.C.

    Delaware    59-3580820

CK Motors LLC

    Delaware    59-3580825

CN Motors L.L.C.

    Delaware    59-3185448

Coggin Automotive Corp.

    Florida    59-1285803

Coggin Cars L.L.C.

    Delaware    59-3624906

Coggin Chevrolet L.L.C.

    Delaware    59-3624905

Coggin Management, L.P.

    Delaware    59-3503191

CP-GMC Motors L.L.C.

    Delaware    59-3185453

Crown Acura/Nissan, LLC

    North Carolina    56-1975265

Crown CHH L.L.C.

    Delaware    52-2106838

Crown CHO L.L.C.

    Delaware    84-1617218

Crown CHV L.L.C.

    Delaware    52-2106838

Crown FDO L.L.C.

    Delaware    04-3623132

Crown FFO Holdings L.L.C.

    Delaware    56-2182741

Crown FFO L.L.C.

    Delaware    56-2165412

Crown GAC L.L.C.

    Delaware    52-2106838

Crown GBM L.L.C.

    Delaware    52-2106838

Crown GCA L.L.C.

    Delaware    14-1854150

Crown GDO L.L.C.

    Delaware    52-2106838

Crown GHO L.L.C.

    Delaware    52-2106838

Crown GNI L.L.C.

    Delaware    52-2106838

Crown GPG L.L.C.

    Delaware    52-2106838

Crown GVO L.L.C.

    Delaware    52-2106838

Crown Honda, LLC

    North Carolina    56-1975264

Crown Motorcar Company L.L.C.

    Delaware    62-1860414

Crown PBM L.L.C.

    Delaware    14-2004771

Crown RIA L.L.C.

    Delaware    52-2106838

Crown RIB L.L.C.

    Delaware    56-2125835

Crown SJC L.L.C.

    Delaware    81-0630983

Crown SNI L.L.C.

    Delaware    30-0199361

CSA Imports L.L.C.

    Delaware    59-3631079

Escude-NN L.L.C.

    Delaware    64-0922808

Escude-NS L.L.C.

    Delaware    64-0922811

Escude-T L.L.C.

    Delaware    64-0922812

 

4

Florida Automotive Services L.L.C.

    Delaware    37-1514249

HFP Motors L.L.C.

    Delaware    06-1631102

JC Dealer Systems, LLC

    Delaware    58-2628641

KP Motors L.L.C.

    Delaware    06-1629064

McDavid Austin-Acra L.L.C.

    Delaware    11-3816170

McDavid Frisco-Hon L.L.C.

    Delaware    11-3816176

McDavid Grande, L.L.C.

    Delaware    11-3816168

McDavid Houston-Hon, L.L.C.

    Delaware    11-3816781

McDavid Houston-Niss, L.L.C.

    Delaware    11-3816172

McDavid Irving-Hon, L.L.C.

    Delaware    11-3816175

McDavid Outfitters, L.L.C.

    Delaware    11-3816166

McDavid Plano-Acra, L.L.C.

    Delaware    11-3816179

Mid-Atlantic Automotive Services, L.L.C.

    Delaware    27-1386312

Mississippi Automotive Services, L.L.C.

    Delaware    27-1386394

Missouri Automotive Services, L.L.C.

    Delaware    27-1386466

NP FLM L.L.C.

    Delaware    71-0819724

NP MZD L.L.C.

    Delaware    71-0819723

NP VKW L.L.C.

    Delaware    71-0819721

Plano Lincoln-Mercury, Inc.

    Delaware    75-2430953

Precision Computer Services, Inc.

    Florida    59-2867725

Precision Enterprises Tampa, Inc.

    Florida    59-2148481

Precision Infiniti, Inc.

    Florida    59-2958651

Precision Motorcars, Inc.

    Florida    59-1197700

Precision Nissan, Inc.

    Florida    59-2734672

Premier NSN L.L.C.

    Delaware    71-0819715

Premier Pon L.L.C.

    Delaware    71-0819714

Prestige Bay L.L.C.

    Delaware    71-0819719

Prestige Toy L.L.C.

    Delaware    71-0819720

Q Automotive Brandon FL, LLC

    Delaware    30-0814873

Q Automotive Cumming GA, LLC

    Delaware    35-2510345

Q Automotive Ft. Myers FL, LLC

    Delaware    35-2512091

Q Automotive Group L.L.C.

    Delaware    46-5095896

Q Automotive Holiday FL, LLC

    Delaware    46-5095896

Q Automotive Jacksonville FL, LLC

    Delaware    35-2503996

Q Automotive Kennesaw GA, LLC

    Delaware    37-1768829

Q Automotive Orlando FL, LLC

    Delaware    37-1759677

Q Automotive Tampa FL, LLC

    Delaware    46-5095896

Southern Atlantic Automotive Services, L.L.C.

    Delaware    37-1514247

Tampa Hund, L.P.

    Delaware    59-3512664

Tampa Kia, L.P.

    Delaware    59-3512666

Tampa LM, L.P.

    Delaware    52-2124362

Tampa Mit, L.P.

    Delaware    59-3512667

Texas Automotive Services, L.L.C.

    Delaware    27-1386537

Thomason Auto Credit Northwest, Inc.

    Oregon    93-1119211

Thomason Dam L.L.C.

    Delaware    93-1266231

Thomason FRD L.L.C.

    Delaware    93-1254703

Thomason Hund L.L.C.

    Delaware    93-1254690

Thomason Pontiac-GMC L.L.C.

    Delaware    43-1976952

WMZ Motors, L.P.

    Delaware    59-3512663

WTY Motors, L.P.

    Delaware    59-3512669

 

5

4.50% Senior Notes Due 2028

Guarantee of 4.50% Senior Notes Due 2028 (Title of the Indenture Securities)

And

4.75% Senior Notes Due 2030

Guarantee of 4.75% Senior Notes Due 2030 (Title of the Indenture Securities)

 

6

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.

Comptroller of the Currency

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

 

Items 3-15

Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

 

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.*

 

  2.

A copy of the certificate of authority of the Trustee to commence business, attached as Exhibit 2.

 

  3.

A copy of the certificate of authority of the Trustee to exercise corporate trust powers, attached as Exhibit 3.

 

  4.

A copy of the existing bylaws of the Trustee.**

 

  5.

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

 

  6.

The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

 

  7.

Report of Condition of the Trustee as of March 31, 2020 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

 

*

Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.

**

Incorporated by reference to Exhibit 25.1 to registration statement on form S-3ASR, Registration Number 333-199863 filed on November 5, 2014.

 

7

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. 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 Atlanta, Georgia on the 14th of August, 2020.

 

By:  

/s/ David Ferrell

 

David Ferrell

Vice President

 

8

Exhibit 2

 

LOGO
CERTIFICATION OF CORPORATE EXISTENCE

I, Joseph Otting, Comptroller of the Currency, do hereby certify that:
1. The Comptroller of the Currency, pursuant to Revised Statutes 324, et seq, as amended, and 12 USC 1, et seq, as amended, has possession, custody, and control of all records pertaining to the chartering, regulation, and supervision of all national banking associations.
IN TESTIMONY WHEREOF, today, February 24, 2020, I have hereunto subscribed my name and caused my seal of office to be affixed to these presents at the U.S. Department of the Treasury in the City of Washington, District of Columbia

/s/ Joseph Otting
Comptroller of the Currency

2. “U.S. Bank National Association,” Cincinnati, Ohio (Charter No. 24), is a national banking association formed under the laws of the United State and is authorized thereunder to transact the business of banking on the date of this certificate.

 

9

Exhibit 3

 

LOGO

CERTIFICATION OF FIDUCIARY POWERS

I, Joseph Otting, Comptroller of the Currency, do hereby certify that:
1. The Office of the Comptroller of the Currency, pursuant to Revised Statutes 324, et seq, as amended, and 12 USC 1, et seq, as amended, has possession, custody, and control of all records pertaining to the chartering, regulation, and supervision of all national banking associations.
2. “U.S. Bank National Association,” Cincinnati, Ohio (Charter No. 24), was granted, under the hand and seal of the Comptroller, the right to act in all fiduciary capacities authorized under the provisions of the Act of Congress approved September 28 1962, 67 Stat. 668, 12 USC 92a, and that the authority so granted remains in full force and effect on the date of this certificate.
IN TESTIMONY WHEREOF, today, December 10, 2019, I have hereunto subscribed my name and caused my seal of office to be affixed to these presents at the U.S. Department of the Treasury in the City of Washington, District of Columbia

/s/ Joseph Otting
Comptroller of the Currency

 

 

10

Exhibit 6

CONSENT

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

Dated: August 14, 2020

 

By:  

/s/ David Ferrell

 

David Ferrell

Vice President

 

11

Exhibit 7

U.S. Bank National Association

Statement of Financial Condition

As of 3/31/2020

($000’s)

 

     3/31/2020  

Assets

   

Cash and Balances Due From Depository Institutions

    $ 46,699,020  

Securities

      122,149,987  

Federal Funds

      2,807  

Loans & Lease Financing Receivables

      316,711,655  

Fixed Assets

      9,075,777  

Intangible Assets

      12,477,802  

Other Assets

      26,012,043  
  

 

 

  

Total Assets

    $ 533,129,091  

Liabilities

   

Deposits

    $ 405,823,094  

Fed Funds

      1,428,527  

Treasury Demand Notes

      0  

Trading Liabilities

      1,392,214  

Other Borrowed Money

      55,078,404  

Acceptances

      0  

Subordinated Notes and Debentures

      3,850,000  

Other Liabilities

      14,338,298  
  

 

 

  

Total Liabilities

    $ 481,910,537  

Equity

   

Common and Preferred Stock

      18,200  

Surplus

      14,266,915  

Undivided Profits

      36,132,907  

Minority Interest in Subsidiaries

      800,532  
  

 

 

  

Total Equity Capital

    $ 51,218,554  

Total Liabilities and Equity Capital

    $ 533,129,091  

 

12