EX-25.1 5 wu3642951-ex251.htm STATEMENT OF ELIGIBILITY OF THE TRUSTEE ON FORM T-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)

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

A National Banking Association 94-1347393
(Jurisdiction of incorporation of (I.R.S. Employer
organization if not a U.S. national Identification No.)
bank)  
 
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, 17
th Floor
Minneapolis, Minnesota 55479
(612) 667-4608
(Name, address and telephone number of agent for service)
_____________________________

THE WESTERN UNION COMPANY
(Exact name of obligor as specified in its charter)

Delaware 20-4531180
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
 
7001 East Belleview Avenue
Denver, Colorado 80237
(Address of principal executive offices) (Zip code)
_____________________________

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 as 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 Navient Funding, LLC and Navient Credit Funding, LLC, 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 30th day of September, 2019.

WELLS FARGO BANK, NATIONAL ASSOCIATION
 
/s/ Casey A. Boyle  
Casey A. Boyle
Assistant Vice President


EXHIBIT 6


September 30, 2019


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/ Casey A. Boyle  
Casey A. Boyle
Assistant 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 June 30, 2019, 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   $      20,317
       Interest-bearing balances   142,689
Securities:  
       Held-to-maturity securities   145,787
       Available-for-sale securities   251,429
       Equity Securities with readily determinable fair value not held for trading   69
Federal funds sold and securities purchased under agreements to resell:  
       Federal funds sold in domestic offices   68
       Securities purchased under agreements to resell   55,111
Loans and lease financing receivables:  
       Loans and leases held for sale   16,171
       Loans and leases, net of unearned income   913,117
       LESS: Allowance for loan and lease losses   9,418
       Loans and leases, net of unearned income and allowance   903,699
Trading Assets   48,804
Premises and fixed assets (including capitalized leases)   11,940
Other real estate owned   372
Investments in unconsolidated subsidiaries and associated companies   13,025
Direct and indirect investments in real estate ventures   110
Intangible assets   36,665
Other assets   53,586
Total assets   $ 1,699,842
 
LIABILITIES  
Deposits:  
       In domestic offices   $ 1,291,135
              Noninterest-bearing   394,107
              Interest-bearing   897,028
       In foreign offices, Edge and Agreement subsidiaries, and IBFs   55,048
              Noninterest-bearing   1,124
              Interest-bearing   53,924
Federal funds purchased and securities sold under agreements to repurchase:  
       Federal funds purchased in domestic offices   2,901
       Securities sold under agreements to repurchase   4,810



Dollar Amounts
In Millions
Trading liabilities 9,936
Other borrowed money
       (Includes mortgage indebtedness and obligations under capitalized leases) 125,064
Subordinated notes and debentures 11,952
Other liabilities 29,918
Total liabilities $      1,530,764
 
EQUITY CAPITAL
Perpetual preferred stock and related surplus 0
Common stock 519
Surplus (exclude all surplus related to preferred stock) 114,628
Retained earnings 53,466
Accumulated other comprehensive income 146
Other equity capital components 0
Total bank equity capital 168,759
Noncontrolling (minority) interests in consolidated subsidiaries 319
Total equity capital 169,078
Total liabilities, and equity capital $ 1,699,842

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
James H. Quigley
Theodore F. Craver, Jr.
Juan A. Pujadas