EX-25.1 18 a2233417zex-25_1.htm 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)

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

A National Banking Association

 

94-1347393

(Jurisdiction of incorporation or

 

(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, 17th Floor

Minneapolis, Minnesota 55479

(612) 667-4608

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

 

 

CyrusOne LP

CyrusOne Finance Corp.

(Exact name of obligor as specified in its charter)

 

Maryland
Maryland

 

46-0982896
61-1697505

(State or other jurisdiction of

 

(I.R.S. Employer

incorporation or organization)

 

Identification No.)

 

2101 Cedar Springs Road, Suite 900

Dallas, Texas 75201

TELEPHONE: (972) 350-0060

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

Code, of Registrant’s Principal Executive Offices)

 

5.000% Senior Notes due 2024

And Guarantees of 5.000% Senior Notes due 2024

5.375% Senior Notes due 2027

And Guarantees of 5.375% Senior Notes due 2027

Guarantors(1)(2)

 

Exact Name of Guarantor as
Specified in its Charter

 

State or Other
Jurisdiction of
Incorporation or
Organization

 

I.R.S. Employer
Identification
Number

CyrusOne Inc.

 

Maryland

 

46-0691837

CyrusOne GP

 

Maryland

 

35-6993529

CyrusOne Foreign Holdings LLC

 

Delaware

 

45-3026714

CyrusOne LLC

 

Delaware

 

27-4286158

CyrusOne TRS Inc.

 

Delaware

 

35-2458099

Cervalis Holdings LLC

 

Delaware

 

27-3304848

Cervalis LLC

 

Delaware

 

52-2231014

CyrusOne-NJ LLC

 

Delaware

 

80-0458789

CyrusOne-NC LLC

 

Delaware

 

30-0750860

 

(1)         Address, including zip code, and telephone number, including area code, of each Additional Registrant Guarantor’s Principal Executive Offices is 2101 Cedar Springs Road, Suite 900, Dallas, TX 75201, (972) 350-0060.

 

(2)         Name, address, including zip code, and telephone number, including area code, of each Additional Registrant Guarantor’s Agent for Service is Robert M. Jackson, Esq., 2101 Cedar Springs Road, Suite 900, Dallas, TX 75201, (972) 350-0060.

 

 

 


 

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 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 Amended and Restated 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.

 

**  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 Dallas and State of Texas on the 5th day of October, 2017.

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

 

John C. Stohlmann

 

Vice President

 

 

EXHIBIT 6

 

October 5, 2017

 

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 thereof.

 

 

 

Very truly yours,

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

 

John C. Stohlmann

 

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, 2017, 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

 

 

 

$

19,386

 

Interest-bearing balances

 

 

 

195,432

 

Securities:

 

 

 

 

 

Held-to-maturity securities

 

 

 

140,286

 

Available-for-sale securities

 

 

 

240,904

 

Federal funds sold and securities purchased under agreements to resell:

 

 

 

 

 

Federal funds sold in domestic offices

 

 

 

72

 

Securities purchased under agreements to resell

 

 

 

31,063

 

Loans and lease financing receivables:

 

 

 

 

 

Loans and leases held for sale

 

 

 

20,008

 

Loans and leases, net of unearned income

 

928,756

 

 

 

LESS: Allowance for loan and lease losses

 

10,281

 

 

 

Loans and leases, net of unearned income and allowance

 

 

 

918,475

 

Trading Assets

 

 

 

44,239

 

Premises and fixed assets (including capitalized leases)

 

 

 

7,782

 

Other real estate owned

 

 

 

765

 

Investments in unconsolidated subsidiaries and associated companies

 

 

 

11,629

 

Direct and indirect investments in real estate ventures

 

 

 

294

 

Intangible assets

 

 

 

 

 

Goodwill

 

 

 

22,671

 

Other intangible assets

 

 

 

16,509

 

Other assets

 

 

 

62,422

 

 

 

 

 

 

 

Total assets

 

 

 

$

1,731,937

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

Deposits:

 

 

 

 

 

In domestic offices

 

 

 

$

1,237,791

 

Noninterest-bearing

 

433,623

 

 

 

Interest-bearing

 

804,168

 

 

 

In foreign offices, Edge and Agreement subsidiaries, and IBFs

 

 

 

122,015

 

Noninterest-bearing

 

654

 

 

 

Interest-bearing

 

121,361

 

 

 

Federal funds purchased and securities sold under agreements to repurchase:

 

 

 

 

 

Federal funds purchased in domestic offices

 

 

 

4,026

 

Securities sold under agreements to repurchase

 

 

 

7,123

 

 


 

 

 

Dollar Amounts

 

 

 

In Millions

 

 

 

 

 

Trading liabilities

 

11,964

 

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

 

136,524

 

Subordinated notes and debentures

 

12,952

 

Other liabilities

 

36,121

 

 

 

 

 

Total liabilities

 

$

1,568,516

 

 

 

 

 

EQUITY CAPITAL

 

 

 

Perpetual preferred stock and related surplus

 

0

 

Common stock

 

519

 

Surplus (exclude all surplus related to preferred stock)

 

110,513

 

Retained earnings

 

52,469

 

Accumulated other comprehensive income

 

(470

)

Other equity capital components

 

0

 

 

 

 

 

Total bank equity capital

 

163,031

 

Noncontrolling (minority) interests in consolidated subsidiaries

 

390

 

 

 

 

 

Total equity capital

 

163,421

 

 

 

 

 

Total liabilities, and equity capital

 

$

1,731,937

 

 

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

 

Enrique Hernandez, Jr

 

James Quigley

 

Stephen Sanger