EX-25.1 6 d280173dex251.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

(Exact name of trustee as specified in its charter)

 

New York    13-5160382

(Jurisdiction of incorporation

if not a U.S. national bank)

  

(I.R.S. employer

identification no.)

225 Liberty Street, New York, N.Y.    10286
(Address of principal executive offices)    (Zip code)

 

 

NiSource Finance Corp.

(Exact name of obligor as specified in its charter)

 

Indiana    35-2105468

(State or other jurisdiction of

incorporation or organization)

  

(I.R.S. employer

identification no.)

801 East 86th Avenue

Merrillville, Indiana

   46410
(Address of principal executive offices)    (Zip code)

NiSource Inc.

(Exact name of obligor as specified in its charter)

 

Delaware    35-2108964

(State or other jurisdiction of

incorporation or organization)

  

(I.R.S. employer

identification no.)

801 East 86th Avenue

Merrillville, Indiana

   46410
(Address of principal executive offices)    (Zip code)

 

 

Senior Debt Securities

and Guarantees of Senior Debt Securities

(Title of the indenture securities)

 

 

 


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

Superintendent of the Department of

Financial Services of the State of New York

   One State Street, New York, N.Y. 10004-1417, and Albany, N.Y. 12223

Federal Reserve Bank of New York

   33 Liberty Street, New York, N.Y. 10045

Federal Deposit Insurance Corporation

  

550 17th Street, NW

Washington, D.C. 20429

The Clearing House Association L.L.C.

  

100 Broad Street

New York, N.Y. 10004

 

  (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 Organization Certificate of The Bank of New York Mellon (formerly known as The Bank of New York, itself formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672, Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637, Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121195 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152735).

 

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  4. A copy of the existing By-laws of the Trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-207042).

 

  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. 333-188382).

 

  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.

 

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SIGNATURE

Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Woodland Park, and State of New Jersey, on the 26th day of October, 2016.

 

THE BANK OF NEW YORK MELLON
By:  

                /s/      Laurence J. O’Brien

   Name: Laurence J. O’Brien
   Title:   Vice President

 

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EXHIBIT 7

 

 

Consolidated Report of Condition of

THE BANK OF NEW YORK MELLON

of 225 Liberty Street, New York, N.Y. 10286

And Foreign and Domestic Subsidiaries,

a member of the Federal Reserve System, at the close of business June 30, 2016, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.

 

ASSETS

     Dollar amounts in thousands   

Cash and balances due from depository institutions:

  

Noninterest-bearing balances and currency and coin

     5,045,000   

Interest-bearing balances

     97,696,000   

Securities:

  

Held-to-maturity securities

     40,504,000   

Available-for-sale securities

     72,663,000   

Federal funds sold and securities purchased under agreements to resell:

  

Federal funds sold in domestic offices

     5,000   

Securities purchased under agreements to resell

     16,902,000   

Loans and lease financing receivables:

  

Loans and leases held for sale

     217,000   

Loans and leases, net of unearned income

     35,107,000   

LESS: Allowance for loan and lease losses

     137,000   

Loans and leases, net of unearned income and allowance

     34,970,000   

Trading assets

     5,254,000   

Premises and fixed assets (including capitalized leases)

     1,071,000   

Other real estate owned

     5,000   

Investments in unconsolidated subsidiaries and associated companies

     527,000   

Direct and indirect investments in real estate ventures

     0   

Intangible assets:

  

Goodwill

     6,301,000   

Other intangible assets

     985,000   


Other assets

     16,574,000   
  

 

 

 

Total assets

     298,719,000   
  

 

 

 

LIABILITIES

  

Deposits:

  

In domestic offices

     138,076,000   

Noninterest-bearing

     90,728,000   

Interest-bearing

     47,348,000   

In foreign offices, Edge and Agreement subsidiaries, and IBFs

     114,024,000   

Noninterest-bearing

     8,485,000   

Interest-bearing

     105,539,000   

Federal funds purchased and securities sold under agreements to repurchase:

  

Federal funds purchased in domestic offices

     224,000   

Securities sold under agreements to repurchase

     636,000   

Trading liabilities

     5,507,000   

Other borrowed money: (includes mortgage indebtedness and obligations under capitalized leases)

     7,363,000   

Not applicable

  

Not applicable

  

Subordinated notes and debentures

     515,000   

Other liabilities

     8,594,000   
  

 

 

 

Total liabilities

     274,939,000   
  

 

 

 

EQUITY CAPITAL

  

Perpetual preferred stock and related surplus

     0   

Common stock

     1,135,000   

Surplus (exclude all surplus related to preferred stock)

     10,397,000   

Retained earnings

     13,218,000   

Accumulated other comprehensive income

     -1,320,000   

Other equity capital components

     0   

Total bank equity capital

     23,430,000   

Noncontrolling (minority) interests in consolidated subsidiaries

     350,000   

Total equity capital

     23,780,000   
  

 

 

 

Total liabilities and equity capital

     298,719,000   
  

 

 

 

 

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I, Thomas P. Gibbons, Chief Financial Officer of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.

Thomas P. Gibbons,

Chief Financial Officer

We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We 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 and is true and correct.

 

Gerald L. Hassell

Catherine A. Rein

Joseph J. Echevarria

      Directors

 

 

 

 

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