EX-25.1 5 d369743dex251.htm EX-25.1 EX-25.1

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)

 

 

THE BANK OF NEW YORK MELLON

TRUST COMPANY, N.A.

(Exact name of trustee as specified in its charter)

 

 

 

  95-3571558

(Jurisdiction of incorporation

if not a U.S. national bank)

 

(I.R.S. employer

identification no.)

 

400 South Hope Street

Suite 500

Los Angeles, California

  90071
(Address of principal executive offices)   (Zip code)

 

 

Westlake Chemical Corporation

(Exact name of obligor as specified in its charter)

 

 

 

Delaware   76-0346924

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. employer

identification no.)

Table of Additional Registrants

 

Exact Name of Additional Registrant as

Specified in its Charter

   State or Other Jurisdiction of
Incorporation or Organization
   I.R.S. Employer
Identification No.

Geismar Holdings, Inc.

   Delaware    33-1036002

GVGP, Inc.

   Delaware    71-0921650

Westlake Chemical Investments, Inc.

   Delaware    76-0664309

Westlake Geismar Power Company LLC

   Delaware    35-2330798

Westlake Longview Corporation

   Delaware    61-1496835

Westlake Management Services, Inc.

   Delaware    76-0321065

Westlake NG I Corporation

   Delaware    30-0343980

Westlake Olefins Corporation

   Delaware    52-1629821

Westlake Pipeline Investments LLC

   Delaware    27-3400646

Westlake Polymers LLC

   Delaware    76-0144230

Westlake PVC Corporation

   Delaware    76-0346192

Westlake Resources Corporation

   Delaware    76-0321064


Exact Name of Additional Registrant as

Specified in its Charter

   State or Other Jurisdiction of
Incorporation or Organization
   I.R.S. Employer
Identification No.

Westlake Styrene LLC

   Delaware    76-0294926

Westlake Supply and Trading Company

   Delaware    76-0377613

Westlake Vinyl Corporation

   Delaware    76-0414632

Westlake Vinyls Company LP

   Delaware    06-1641487

Westlake Vinyls, Inc.

   Delaware    76-0542667

WPT LLC

   Delaware    76-0469048

Westlake Petrochemicals LLC

   Delaware    76-0553330

Westech Building Products (Evansville) LLC

   Delaware    81-2373646

North American Specialty Products LLC

   Delaware    46-2429042

Lagoon LLC

   Delaware    81-3419020

Axiall Corporation

   Delaware    58-1563799

Axiall Holdco, Inc.

   Delaware    46-4153802

Axiall Noteco, Inc.

   Delaware    47-2798878

Axiall Ohio, Inc.

   Delaware    46-1252288

Axiall, LLC

   Delaware    06-1559253

Eagle Holdco 3 LLC

   Delaware    46-1726321

Eagle Natrium LLC

   Delaware    46-1260242

Eagle Pipeline, Inc.

   Louisiana    74-2446833

Eagle Spinco Inc.

   Delaware    46-0769929

Eagle US 2 LLC

   Delaware    46-1269681

Georgia Gulf Lake Charles, LLC

   Delaware    06-1559251

PHH Monomers, L.L.C.

   Louisiana    52-1930252

Plastic Trends, Inc.

   Michigan    38-1869628

Rome Delaware Corporation

   Delaware    20-5546010

Royals Building Products (USA) Inc.

   Delaware    98-0186359

Royal Plastics Group (U.S.A.) Limited

   Delaware    51-0398456

 

2801 Post Oak Boulevard, Suite 600

Houston, Texas

  77056
(Address of principal executive offices)   (Zip code)

 

 

Debt Securities

and Guarantees of Debt Securities

(Title of the indenture securities)

 

 

 

 

- 2 -


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.

 

Name

 

Address

Comptroller of the Currency

United States Department of the

Treasury

  Washington, DC 20219
Federal Reserve Bank   San Francisco, CA 94105
Federal Deposit Insurance Corporation   Washington, DC 20429

 

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

Yes.

 

2. Affiliations with Obligor.

If the obligor is an affiliate of the trustee, describe each such affiliation.

None.

 

16. List of Exhibits.

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”) and 17 C.F.R. 229.10(d).

 

  1. A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152875).

 

  2. A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).

 

  3. A copy of the authorization of the trustee to exercise corporate trust powers (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-152875).

 

- 3 -


  4. A copy of the existing by-laws of the trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-162713).

 

  6. The consent of the trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-152875).

 

  7. A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

 

- 4 -


SIGNATURE

Pursuant to the requirements of the Act, the Trustee, The Bank of New York Mellon Trust Company, N.A., a 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 Chicago, and State of Illinois, on the 7th day of April, 2017.

 

THE BANK OF NEW YORK MELLON

TRUST COMPANY, N.A.

By:   /s/   Lawrence M. Kusch
  Name:   Lawrence M. Kusch
  Title:   Vice President

 

- 5 -


EXHIBIT 7

Consolidated Report of Condition of

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

of 400 South Hope Street, Suite 500, Los Angeles, CA 90071

At the close of business December 31, 2016, published in accordance with Federal regulatory authority instructions.

 

     Dollar
amounts in
thousands
 

ASSETS

  

Cash and balances due from depository institutions:

  

Noninterest-bearing balances and currency and coin

     1,645  

Interest-bearing balances

     278,360  

Securities:

  

Held-to-maturity securities

     0  

Available-for-sale securities

     719,638  

Federal funds sold and securities purchased under agreements to resell:

  

Federal funds sold

     0  

Securities purchased under agreements to resell

     0  

Loans and lease financing receivables:

  

Loans and leases held for sale

     0  

Loans and leases, net of unearned income

     0  

LESS: Allowance for loan and lease losses

     0  

Loans and leases, net of unearned income and allowance

     0  

Trading assets

     0  

Premises and fixed assets (including capitalized leases)

     11,405  

Other real estate owned

     0  

Investments in unconsolidated subsidiaries and associated companies

     0  

Direct and indirect investments in real estate ventures

     0  

Intangible assets:

  

Goodwill

     856,313  

Other intangible assets

     50,819  

Other assets

     187,830  
  

 

 

 

Total assets

   $ 2,106,010  
  

 

 

 

 

1


LIABILITIES

  

Deposits:

  

In domestic offices

     616  

Noninterest-bearing

     616  

Interest-bearing

     0  

Not applicable

  

Federal funds purchased and securities sold under agreements to repurchase:

  

Federal funds purchased

     0  

Securities sold under agreements to repurchase

     0  

Trading liabilities

     0  

Other borrowed money:

  

(includes mortgage indebtedness and obligations under capitalized leases)

     0  

Not applicable

  

Not applicable

  

Subordinated notes and debentures

     0  

Other liabilities

     292,769  

Total liabilities

     293,385  

Not applicable

  

EQUITY CAPITAL

  

Perpetual preferred stock and related surplus

     0  

Common stock

     1,000  

Surplus (exclude all surplus related to preferred stock)

     1,122,729  

Not available

  

Retained earnings

     690,002  

Accumulated other comprehensive income

     -1,106  

Other equity capital components

     0  

Not available

  

Total bank equity capital

     1,812,625  

Noncontrolling (minority) interests in consolidated subsidiaries

     0  

Total equity capital

     1,812,625  
  

 

 

 

Total liabilities and equity capital

     2,106,010  
  

 

 

 

I, Matthew J. McNulty, CFO of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

 

        Matthew J. McNulty                       

  )        CFO                            

We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date 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.

 

        Antonio I. Portuondo, President    

        William D. Lindelof, Director

        Alphonse J. Briand, Director

 

)

)        Directors (Trustees)

)

 

2