EX-25.1 7 dex251.htm STATEMENT OF ELIGIBILITY ON FORM T-1 OF WELLS FARGO BANK, N.A. Statement of Eligibility on Form T-1 of Wells Fargo Bank, N.A.

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 or

organization if not a U.S. national bank)

 

(I.R.S. Employer

Identification No.)

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, 17th Floor

Minneapolis, Minnesota 55479

(612) 667-4608

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

 

 

BERRY PLASTICS CORPORATION1

(Exact name of obligor as specified in its charter)

 

Delaware   35-1814673

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

101 Oakley Street

Evansville, Indiana 47710

(Address of principal executive offices)

 

 

First Priority Floating Rate Senior Secured Notes due 2015

(Title of the indenture securities)

 

 

 

 

1

See Table 1 – List of additional obligors


Table 1

 

    

Guarantor

  

State of Incorporation

  

Federal EIN

  

Address of Principal Executive Offices

1.    Aerocon, LLC    Delaware    35-1948748    101 Oakley Street, Evansville, IN 47710
2.    Berry Iowa, LLC    Delaware    42-1382173    101 Oakley Street, Evansville, IN 47710
3.    Berry Plastics Design, LLC    Delaware    62-1689708    101 Oakley Street, Evansville, IN 47710
4.    Berry Plastics Opco, Inc.    Delaware    30-0120989    101 Oakley Street, Evansville, IN 47710
5.    Berry Plastics Technical Services, Inc.    Delaware    57-1028638    101 Oakley Street, Evansville, IN 47710
6.    Berry Sterling Corporation    Delaware    54-1749681    101 Oakley Street, Evansville, IN 47710
7.    Captive Holdings, Inc.    Delaware    20-1290475    101 Oakley Street, Evansville, IN 47710
8.    Caplas Neptune, LLC    Delaware    20-5557846    101 Oakley Street, Evansville, IN 47710
9.    Caplas LLC    Delaware    20-3888603    101 Oakley Street, Evansville, IN 47710
10.    Covalence Specialty Coatings LLC    Delaware    20-4104731    101 Oakley Street, Evansville, IN 47710
11.    Covalence Specialty Adhesives LLC    Delaware    20-4104683    101 Oakley Street, Evansville, IN 47710
12.    CPI Holding Corporation    Delaware    34-1820303    101 Oakley Street, Evansville, IN 47710
13.    Knight Plastics, Inc.    Delaware    35-2056610    101 Oakley Street, Evansville, IN 47710
14.    Packerware Corporation    Delaware    48-0759852    101 Oakley Street, Evansville, IN 47710
15.    Pescor, Inc.    Delaware    74-3002028    101 Oakley Street, Evansville, IN 47710
16.    Poly-Seal, LLC    Delaware    52-0892112    101 Oakley Street, Evansville, IN 47710
17.    Rollpak Acquisition Corporation    Delaware    03-0512845    101 Oakley Street, Evansville, IN 47710
18.    Rollpak Corporation    Delaware    35-1582626    101 Oakley Street, Evansville, IN 47710
19.    Venture Packaging, Inc.    Delaware    51-0368479    101 Oakley Street, Evansville, IN 47710
20.    Venture Packaging Midwest, Inc.    Delaware    34-1809003    101 Oakley Street, Evansville, IN 47710
21.    Berry Plastics Acquisition Corporation III    Delaware    37-1445502    101 Oakley Street, Evansville, IN 47710
22.    Berry Plastics Acquisition Corporation V    Delaware    36-4509933    101 Oakley Street, Evansville, IN 47710
23.    Berry Plastics Acquisition Corporation VIII    Delaware    32-0036809    101 Oakley Street, Evansville, IN 47710
24.    Berry Plastics Acquisition Corporation IX    Delaware    35-2184302    101 Oakley Street, Evansville, IN 47710
25.    Berry Plastics Acquisition Corporation X    Delaware    35-2184301    101 Oakley Street, Evansville, IN 47710
26.    Berry Plastics Acquisition Corporation XI    Delaware    35-2184300    101 Oakley Street, Evansville, IN 47710
27.    Berry Plastics Acquisition Corporation XII    Delaware    35-2184299    101 Oakley Street, Evansville, IN 47710
28.    Berry Plastics Acquisition Corporation XIII    Delaware    35-2184298    101 Oakley Street, Evansville, IN 47710
29.    Berry Plastics Acquisition Corporation XV, LLC    Delaware    35-2184293    101 Oakley Street, Evansville, IN 47710
30.    Kerr Group, LLC    Delaware    95-0898810    101 Oakley Street, Evansville, IN 47710
31.    Saffron Acquisition, LLC    Delaware    94-3293114    101 Oakley Street, Evansville, IN 47710
32.    Setco, LLC    Delaware    56-2374074    101 Oakley Street, Evansville, IN 47710
33.    Sun Coast Industries, LLC    Delaware    59-1952968    101 Oakley Street, Evansville, IN 47710
34.    Tubed Products, LLC    Delaware    56-2374082    101 Oakley Street, Evansville, IN 47710
35.    Landis Plastics, LLC    Illinois    36-2471333    101 Oakley Street, Evansville, IN 47710
36.    Grafco Industries Limited Partnership    Maryland    52-1729327    101 Oakley Street, Evansville, IN 47710
37.    Captive Plastics, Inc.    New Jersey    22-1890735    101 Oakley Street, Evansville, IN 47710
38.    Cardinal Packaging, Inc.    Ohio    34-1396561    101 Oakley Street, Evansville, IN 47710


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 now in effect.*
Exhibit 2.    A copy of the Comptroller of the Currency Certificate of Corporate Existence and Fiduciary Powers for Wells Fargo Bank, National Association, dated February 4, 2004.**
Exhibit 3.    See Exhibit 2
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 25 to the Form S-4 dated December 30, 2005 of Hornbeck Offshore Services LLC file number 333-130784-06.


** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of Trans-Lux Corporation file number 022-28721.
*** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25.1 to the Form S-4 dated May 26, 2005 of Penn National Gaming, Inc. file number 333-125274.


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 Middletown and State of Connecticut on the 22nd day of April 2008.

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

/s/ Joseph P. O’Donnell

Joseph P. O’Donnell
Vice President


EXHIBIT 6

April 22, 2008

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/ Joseph P. O’Donnell

Joseph P. O’Donnell
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 December 31, 2007, 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

   $ 14,641

Interest-bearing balances

     1,062

Securities:

  

Held-to-maturity securities

     0

Available-for-sale securities

     62,907

Federal funds sold and securities purchased under agreements to resell:

  

Federal funds sold in domestic offices

     19,757

Securities purchased under agreements to resell

     734

Loans and lease financing receivables:

  

Loans and leases held for sale

     16,660

Loans and leases, net of unearned income

     290,643

LESS: Allowance for loan and lease losses

     3,625

Loans and leases, net of unearned income and allowance

     287,018

Trading Assets

     6,244

Premises and fixed assets (including capitalized leases)

     4,282

Other real estate owned

     946

Investments in unconsolidated subsidiaries and associated companies

     458

Intangible assets

  

Goodwill

     9,730

Other intangible assets

     17,916

Other assets

     25,506
      

Total assets

   $ 467,861
      

LIABILITIES

  

Deposits:

  

In domestic offices

   $ 273,931

Noninterest-bearing

     71,910

Interest-bearing

     202,021

In foreign offices, Edge and Agreement subsidiaries, and IBFs

     69,787

Noninterest-bearing

     9

Interest-bearing

     69,778

Federal funds purchased and securities sold under agreements to repurchase:

  

Federal funds purchased in domestic offices

     14,049

Securities sold under agreements to repurchase

     7,248


     Dollar Amounts
In Millions

Trading liabilities

     3,821

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

     30,268

Subordinated notes and debentures

     10,877

Other liabilities

     16,108
      

Total liabilities

   $ 426,089

Minority interest in consolidated subsidiaries

     57

EQUITY CAPITAL

  

Perpetual preferred stock and related surplus

     0

Common stock

     520

Surplus (exclude all surplus related to preferred stock)

     25,877

Retained earnings

     14,425

Accumulated other comprehensive income

     893

Other equity capital components

     0
      

Total equity capital

     41,715
      

Total liabilities, minority interest, and equity capital

   $ 467,861
      

I, Howard I. Atkins, 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.

Howard I. Atkins

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.

 

Michael Loughlin  
John Stumpf   Directors
Carrie Tolstedt