EX-25.1 5 a2233759zex-25_1.htm 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) o

 


 

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)

 

George J. Rayzis

U.S. Bank National Association

50 South 16th Street, Suite 2000

Philadelphia, PA 19102

(215) 761-9317

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

 

TRIUMPH GROUP, INC.

(Issuer with respect to the Securities)

 

Delaware

 

51 0347963

(State or other jurisdiction of incorporation or organization)

 

(I.R.S. Employer Identification No.)

 

899 Cassatt Road
Suite 210
Berwyn, Pennsylvania

 

 

 

19312

(Address of Principal Executive Offices)

 

(Zip Code)

 

7.750% Senior Notes due 2025

(Title of the Indenture Securities)

 

SEE TABLE OF ADDITIONAL REGISTRANTS

(as Guarantors)

 

 

 



 

TABLE OF ADDITIONAL REGISTRANTS

 

The following domestic subsidiaries of Triumph Group, Inc. are guarantors of the new notes and are co-registrants:

 

Exact Name of Registrant as Specified in its Charter

 

State of Incorporation
or Organization

 

I.R.S. Employer
Identification Number

Triumph Processing, Inc.

 

California

 

95-2504410

Triumph Structures - Los Angeles, Inc.

 

California

 

95-2110814

Triumph Brands, Inc.

 

Delaware

 

23-2974847

Triumph Group Acquisition Corp.

 

Delaware

 

23-2974848

The Triumph Group Operations, Inc.

 

Delaware

 

51-0347964

Triumph Group Acquisition Holdings, Inc.

 

Delaware

 

23-3075463

Triumph Fabrications - Fort Worth, Inc.

 

Delaware

 

75-1716019

Triumph Engineered Solutions, Inc.

 

Delaware

 

13-3869941

Nu-Tech Brands, Inc.

 

Delaware

 

23-2990482

Triumph Fabrications - San Diego, Inc.

 

Delaware

 

23-2996633

Triumph Turbine Services, Inc.

 

Delaware

 

23-3072034

Triumph Engineering Services, Inc.

 

Delaware

 

23-3086299

Triumph Actuation Systems - Valencia, Inc.

 

Delaware

 

23-3087691

Triumph Composite Systems, Inc.

 

Delaware

 

55-0803321

Triumph Thermal Systems, LLC

 

Delaware

 

05-0567797

Triumph Gear Systems, Inc.

 

Delaware

 

54-1840009

Triumph Aftermarket Services Group, LLC

 

Delaware

 

20-0701287

Triumph Aerospace Systems Group, LLC

 

Delaware

 

20-0701219

Triumph Structures - Wichita, Inc.

 

Delaware

 

20-4449110

Triumph Accessory Services - Grand Prairie, Inc.

 

Delaware

 

20-8227096

Triumph Integrated Aircraft Interiors, Inc.

 

Delaware

 

20-8646648

Triumph Investment Holdings, Inc.

 

Nevada

 

26-3094119

Triumph Aviations Inc.

 

Pennsylvania

 

23-3101288

Triumph Actuation Systems - Connecticut, LLC

 

Delaware

 

23-2985939

Triumph Actuation Systems, LLC

 

Delaware

 

51-0347968

HT Parts, L.L.C.

 

Delaware

 

02-0593102

Triumph Structures - Long Island, LLC

 

Delaware

 

26-1739922

Triumph Controls, LLC

 

Delaware

 

23-2831481

Triumph Insulation Systems, LLC

 

Nevada

 

90-0804428

Triumph Airborne Structures, LLC

 

Arkansas

 

71-0781909

Triumph Gear Systems - Macomb, Inc.

 

Michigan

 

38-2180514

Triumph Structures - Kansas City, Inc..

 

Missouri

 

43-0996699

Triumph Structures - East Texas, Inc.

 

Texas

 

75-1477455

Triumph Aerostructures, LLC

 

Delaware

 

27-2570489

Triumph Fabrications - Orangeburg, Inc.

 

Illinois

 

37-1291831

VAC Industries, Inc.

 

Delaware

 

52-1784782

Triumph Structures - Everett, Inc.

 

Delaware

 

20-0450975

Triumph Aerostructures Holdings, LLC

 

Delaware

 

27-2891121

Triumph Aerostructures Real Estate Investment Co., LLC

 

Delaware

 

45-3611458

Triumph Engine Control Systems, LLC

 

Delaware

 

46-1826747

Triumph Engine Control Holdings, Inc.

 

Delaware

 

46-2717921

MEP NAAS, Inc.

 

Delaware

 

45-2800076

Triumph Actuation Systems — Yakima, LLC

 

Delaware

 

46-5718307

Triumph Aerostructures — Tulsa, LLC

 

Delaware

 

36-4797012

Triumph Aviation Services — NAAS Division, Inc.

 

Texas

 

74-2692340

Triumph Thermal Systems — Maryland, Inc.

 

Delaware

 

52-1887708

 



 

c/o Triumph Group, Inc.

899 Cassatt Road

Suite 210

Berwyn, Pennsylvania  19312

(610) 251-1000

(Address, Including Zip Code, and Telephone Number, Including Area Code,

of Each of the Co-Registrant’s Principal Executive Offices)

 



 

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 September 30, 2017 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.

 



 

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 Philadelphia, State of Pennsylvania on the 13th of November, 2017.

 

 

By:

/s/ George J. Rayzis

 

 

George J. Rayzis

 

 

Vice President

 

2



 

Exhibit 2

 

 

3



 

Exhibit 3

 

 

4



 

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: November 13, 2017

 

 

 

By:

/s/ George J. Rayzis

 

 

George J. Rayzis

 

 

Vice President

 

5



 

Exhibit 7

U.S. Bank National Association

Statement of Financial Condition

As of 9/30/2017

 

($000’s)

 

 

 

9/30/2017

 

Assets

 

 

 

Cash and Balances Due From Depository Institutions

 

$

20,502,653

 

Securities

 

110,797,206

 

Federal Funds

 

24,647

 

Loans & Lease Financing Receivables

 

277,953,611

 

Fixed Assets

 

4,538,527

 

Intangible Assets

 

12,820,876

 

Other Assets

 

25,614,306

 

Total Assets

 

$

452,251,826

 

 

 

 

 

Liabilities

 

 

 

Deposits

 

$

353,914,855

 

Fed Funds

 

992,263

 

Treasury Demand Notes

 

0

 

Trading Liabilities

 

989,885

 

Other Borrowed Money

 

31,965,947

 

Acceptances

 

0

 

Subordinated Notes and Debentures

 

3,300,000

 

Other Liabilities

 

14,438,977

 

Total Liabilities

 

$

405,601,927

 

 

 

 

 

Equity

 

 

 

Common and Preferred Stock

 

18,200

 

Surplus

 

14,266,915

 

Undivided Profits

 

31,565,657

 

Minority Interest in Subsidiaries

 

799,127

 

Total Equity Capital

 

$

46,649,899

 

 

 

 

 

Total Liabilities and Equity Capital

 

$

452,251,826

 

 

6