EX-25.1 23 y77430exv25w1.htm EX-25.1: FORM T-1 STATEMENT OF ELIGIBILITY 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
     
o   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
(Jurisdiction of incorporation
if not a U.S. national bank) 		  13-5160382
(I.R.S. Employer
Identification No.)
     
One Wall Street
New York, New York
(Address of principal executive offices) 		   
10286
(Zip code)
Legal Department
The Bank of New York Mellon
One Wall Street, 15th Floor
New York, NY 10286
(212) 635-1270
(Name, address and telephone number of agent for service)
 
TELESAT CANADA
(Exact name of obligor as specified in its charter)
     
Canada
(State or other jurisdiction
of incorporation or organization) 		  98-0015564
(I.R.S. Employer
Identification No.)
     
1601 Telesat Court
Ottawa, Ontario, Canada
(Address of principal executive offices) 		  K1B 5P4
(Zip code)
 
Telesat LLC
(Exact name of obligor as specified in its charter)
     
Delaware
(State or other jurisdiction
of incorporation or organization) 		  26-1252906
(I.R.S. Employer
Identification No.)
     
1601 Telesat Court
Ottawa, Ontario, Canada
(Address of principal executive offices) 		  K1B 5P4
(Zip code)
 
(See table of additional obligors on following page)
 
11% Senior Notes due 2015
(Title of the indenture securities)
 
 
 

ii

 

TABLE OF ADDITIONAL OBLIGORS
             
    State or other   I.R.S.    
    Jurisdiction of   Employer   Address, Including
Exact Name of Obligor   Incorporation or   Identification   Zip Code, of Registrant’s Principal
As Specified In Its Charter   Organization   Number   executive Offices
 
            
Telesat Holdings Inc.
  Canada   22-3842936   1601 Telesat Court
Ottawa, Ontario
Canada K1B 5P4
 
            
Telesat Interco Inc.
  Canada   98-0541201   1601 Telesat Court
Ottawa, Ontario
Canada K1B 5P4
 
            
Infosat Communications GP Inc.
  Canada   N/A   3130 – 114 Avenue SE
Calgary, Alberta
Canada T2Z 3V6
 
            
Infosat Communications LP
  Ontario   N/A   3130 – 114 Avenue SE
Calgary, Alberta
Canada T2Z 3V6
 
            
Infosat Able Holdings, Inc.
  Delaware   98-0518999   3130 – 114 Avenue SE
Calgary, Alberta
Canada T2Z 3V6
 
            
Skynet Satellite Corporation
  Delaware   13-4353270   135 Routes 202/206
Bedminster, NJ 07921
 
            
Telesat Brazil Holdings LLC
  Delaware   13-3936710   1601 Telesat Court
Ottawa, Ontario
Canada K1B 5P4
 
            
Telesat Communications Services, Inc.
  Delaware   13-3954501   135 Routes 202/206
Bedminster, NJ 07921
 
            
Telesat International, L.L.C.
  Delaware   22-3842936   135 Routes 202/206
Bedminster, NJ 07921
 
            
Telesat Network Services Holdings L.L.C.
  Delaware   N/A   135 Routes 202/206
Bedminster, NJ 07921
 
            
Telesat Network Services, Inc.
  Delaware   52-2360922   135 Routes 202/206
Bedminster, NJ 07921
 
            
Telesat Network Services International, Inc.
  Delaware   52-1959360   135 Routes 202/206
Bedminster, NJ 07921
 
            
Telesat Network Services, L.L.C.
  Delaware   16-1673352   135 Routes 202/206
Bedminster, NJ 07921
 
            
Telesat NS Holdings, L.L.C.
  Delaware   16-1673354   135 Routes 202/206
Bedminster, NJ 07921
 
            
Telesat NS, Inc.
  Delaware   22-3695841   135 Routes 202/206
Bedminster, NJ 07921
 
            
Telesat NS, L.L.C.
  Delaware   13-3950192   135 Routes 202/206
Bedminster, NJ 07921

iii

 

             
    State or other   I.R.S.    
    Jurisdiction of   Employer   Address, Including
Exact Name of Obligor   Incorporation or   Identification   Zip Code, of Registrant’s Principal
As Specified In Its Charter   Organization   Number   executive Offices
 
            
Telesat Satellite GP, LLC
  Delaware   20-8878667   1601 Telesat Court
Ottawa, Ontario
Canada K1B 5P4
 
            
Telesat Satellite Holdings Corporation
  Delaware   13-4353272   1601 Telesat Court
Ottawa, Ontario
Canada K1B 5P4
 
            
Telesat Satellite LP
  Delaware   20-8879065   135 Routes 202/206
Bedminster, NJ 07921
 
            
Able Infosat Communications, Inc.
  Texas   1-76-0068152-6   5906 Broadway Street
Pearland, TX 77581
 
            
Telesat Brasil Capacidade de Satélites Ltda.
  Brazil   N/A   Av. Rio Branco No. 1
Suite 1608
part, CEP 200.90-003
Rio de Janeiro, Brazil
 
            
Telesat Brasil Ltda.
  Brazil   N/A   Alameda da Serra 400
Suites 410 and 414
Nova Lima, Brazil
 
            
Telesat Serviços de Telecomunicação Ltda.
  Brazil   N/A   Alameda da Serra 400
Suites 402 and 406
CEP 34.000-000
Nova Lima, Brazil
 
            
Telesat Space Participações Ltda.
  Brazil   N/A   Av. Rio Branco No. 1
Suite 1608
part, CEP 200.90-003
Rio de Janeiro, Brazil
 
            
Telesat (IOM) Limited
  Isle of Man   N/A   Hillberry Trust Company Limited
West Suite
Exchange House
54-58 Athol Street
Douglas, Isle of Man, IM1 1JD

iv

 

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.
     
Superintendent of Banks 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 Plaza, New York, N.Y. 10045
Federal Deposit Insurance Corporation
  550 17th Street, N.W., Washington, D.C. 20429
New York Clearing House Association
  New York, N.Y. 10005
  (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.
Item 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 The Bank of New York (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 as Exhibit 25.1 to Current Report on Form 8-K of Nevada Power Company, Date of Report (Date of Earliest Event Reported) July 25, 2008 (File No. 000-52378).)
 
        
4.
  —   A copy of the existing By-laws of the Trustee.  (Exhibit 4 to Form T-1 with Registration Statement No. 333-155238.)
 
        
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. 333-152856.)
 
        
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.

 

 

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 New York, and State of New York, on the 5th day of June, 2009.
         
  THE BANK OF NEW YORK MELLON
 		  
  By:   /s/ Carlos Luciano    
    Name:   Carlos Luciano   
    Title:   Vice President   

 

 

         
EXHIBIT 7
(Page i of iii)
Consolidated Report of Condition of
THE BANK OF NEW YORK MELLON
of One Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business March 31, 2009, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.
         
    Dollar Amounts  
    In Thousands  
ASSETS
        
Cash and balances due from depository institutions:
        
Noninterest-bearing balances and currency and coin
   $ 3,141,000  
Interest-bearing balances
     66,775,000  
Securities:
        
Held-to-maturity securities
     6,949,000  
Available-for-sale securities
     26,839,000  
Federal funds sold and securities purchased under agreements to resell
        
Federal funds sold in domestic offices
     1,007,000  
Securities purchased under agreements to resell
     72,000  
Loans and lease financing receivables:
        
Loans and leases held for sale
     0  
Loans and leases, net of unearned income
     31,311,000  
LESS: Allowance for loan and lease losses
     418,000  
Loans and leases, net of unearned income and allowance
     30,893,000  
Trading Assets
     8,140,000  
Premises and fixed assets (including capitalized leases)
     1,129,000  
Other real estate owned
     8,000  
Investments in unconsolidated subsidiaries and associated companies
     796,000  
Not applicable
        
Intangible assets:
        
Goodwill
     4,878,000  
Other intangible assets
     1,546,000  
Other assets
     10,833,000  
 
      
Total assets
   $ 163,006,000  
 
      

 

 

EXHIBIT 7
(Page ii of iii)
         
    Dollar Amounts  
    In Thousands  
LIABILITIES
        
Deposits:
        
In domestic offices
   $ 54,254,000  
Noninterest-bearing
     26,808,000  
Interest-bearing
     27,446,000  
In foreign offices, Edge and Agreement subsidiaries, and IBFs
     79,126,000  
Noninterest-bearing
     1,726,000  
Interest-bearing
     77,400,000  
Federal funds purchased and securities sold under agreements to repurchase
        
Federal funds purchased in domestic offices
     429,000  
Securities sold under agreements to repurchase
     10,000  
Trading liabilities
     6,621,000  
Other borrowed money:
(includes mortgage indebtedness and obligations under capitalized leases)
     2,288,000  
Not applicable
        
Not applicable
        
Subordinated notes and debentures
     3,490,000  
Other liabilities
     4,438,000  
 
      
Total liabilities
   $ 150,656,000  
 
      
Not applicable
        
 
        
EQUITY CAPITAL
        
Perpetual preferred stock and related surplus
     0  
Common stock
     1,135,000  
Surplus (exclude all surplus related to preferred stock)
     8,290,000  
Retained earnings
     7,825,000  
Accumulated other comprehensive income
     -5,270,000  
Other equity capital components
     0  
Total bank equity capital
     11,980,000  
Noncontrolling (minority) interests in consolidated subsidiaries
     370,000  
 
      
 
        
Total equity capital
     12,350,000  
 
      
 
        
Total liabilities, minority interest, and equity capital
   $ 163,006,000  
 
      

ii

 

EXHIBIT 7
(Page iii of iii)
     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    
Steven G. Elliott
  Directors
Robert P. Kelly
    

iii