EX-25.1 7 w78235exv25w1.htm EX-25.1 exv25w1
Table of Contents

Exhibit 25.1
CONFORMED COPY
 
 
 
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)
HSBC Bank USA, National Association
(Exact name of trustee as specified in its charter)
     
N/A   20-1177241
(Jurisdiction of incorporation   (I.R.S. Employer
or organization if not a U.S.   Identification No.)
national bank)    
     
1800 Tyson’s Boulevard, Ste 50    
McLean, VA   22102
(Address of principal executive offices)   (Zip Code)
Kevin T. O’Brien, SVP
HSBC Bank USA, National Association
452 Fifth Avenue
New York, New York 10018-2706
Tel: (212) 525-1311
(Name, address and telephone number of agent for service)
P.H. Glatfelter Company
(Exact name of obligor as specified in its charter)
     
Pennsylvania   23-0628360
(State or other jurisdiction   (I.R.S. Employer
of incorporation or organization)   Identification No.)
     
96 South George Street, Suite 500    
York, Pennsylvania   17401
(Address of principal executive offices)   (Zip Code)
(Title of Indenture Securities)
71/8% Senior Notes due 2016
 
 

 


TABLE OF CONTENTS

Item 1. General Information
Item 2. Affiliations with Obligor
Items 3-15. Not Applicable
Item 16. List of Exhibits
SIGNATURE


Table of Contents

General
Item 1. General Information.
Furnish the following information as to the trustee:
(a) Name and address of each examining or supervisory authority to which it is subject.
Comptroller of the Currency, New York, NY.
Federal Deposit Insurance Corporation, Washington, D.C.
Board of Governors of the Federal Reserve System, Washington, D.C.
(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
Items 3-15. Not Applicable

 


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Item 16. List of Exhibits
Exhibit
             
T1A(i)
    (1 )   Copy of the Articles of Association of HSBC Bank USA, National Association.
 
           
T1A(ii)
    (1 )   Certificate of the Comptroller of the Currency dated July 1, 2004 as to the authority of HSBC Bank USA, National Association to commence business.
 
           
T1A(iii)
    (2 )   Certificate of Fiduciary Powers dated August 18, 2004 for HSBC Bank USA, National Association
 
           
T1A(iv)
    (1 )   Copy of the existing By-Laws of HSBC Bank USA, National Association.
 
           
T1A(v)
          Not applicable.
 
           
T1A(vi)
    (2 )   Consent of HSBC Bank USA, National Association required by Section 321(b) of the Trust Indenture Act of 1939.
 
           
T1A(vii)
          Copy of the latest report of condition of the trustee (September 30, 2009), published pursuant to law or the requirement of its supervisory or examining authority.
 
           
T1A(viii)
          Not applicable.
 
           
T1A(ix)
          Not applicable.
 
(1)   Exhibits previously filed with the Securities and Exchange Commission with Registration No. 333-118523 and incorporated herein by reference thereto.
 
(2)   Exhibits previously filed with the Securities and Exchange Commission with Registration No. 333-125197 and incorporated herein by reference thereto.

 


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SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, HSBC Bank USA, 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 New York and State of New York on the 4th day of May, 2010.
         
  HSBC BANK USA, NATIONAL ASSOCIATION
 
 
  By:   /s/ Joseph A. Lloret    
    Vice President   
       
 

 


Table of Contents

Exhibit T1A (vii)
       
 
  Board of Governors of the Federal Reserve System
 
  OMB Number: 7100-0036
 
  Federal Deposit Insurance Corporation
 
  OMB Number: 3064-0052
 
  Office of the Comptroller of the Currency
 
  OMB Number: 1557-0081
 
Federal Financial Institutions Examination Council
  Expires March 31, 2009
 
   
 
  Please refer to page i,
1
 
  Table of Contents, for
 
  the required disclosure
 
  of estimated burden.
 
Consolidated Reports of Condition and Income for A Bank With Domestic and Foreign Offices—FFIEC 031
     
Report at the close of business September 30, 2009
  (20040630)
 
   
 
  (RCRI 9999)
This report is required by law; 12 U.S.C. §324 (State member banks); 12 U.S.C. § 1817 (State nonmember banks); and 12 U.S.C. §161 (National banks).
NOTE: The Reports of Condition and Income must be signed by an authorized officer and the Report of Condition must be attested to by not less than two directors (trustees) for State nonmember banks and three directors for State member and National Banks.
         
I,
  Gerard Mattia, CFO    
 
 
 
Name and Title of Officer Authorized to Sign Report
   
Of the named bank do hereby declare that these Reports of Condition and Income (including the supporting schedules) have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and believe.
     
/s/ Joseph R. Simpson
   
 
Signature of Officer Authorized to Sign Report
   
 
   
11/04/2009
   
 
Date of Signature
   
This report form is to be filed by banks with branches and consolidated subsidiaries in U.S. territories and possessions, Edge or Agreement subsidiaries, foreign branches, consolidated foreign subsidiaries, or International Banking Facilities.
The Reports of Condition and Income are to be prepared in accordance with Federal regulatory authority instructions.
We, the undersigned directors (trustees), attest to the correctness of this Report of Condition (including the supporting schedules) 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.
     
/s/ Sal H. Alfieri
   
 
Director (Trustee)
   
 
   
/s/ Donald Boswell
   
 
Director (Trustee)
   
 
   
/s/ Paul Lawrence
   
 
Director (Trustee)
   
Submission of Reports
Each Bank must prepare its Reports of Condition and Income either:
(a)   in electronic form and then file the computer data file directly with the banking agencies’ collection agent, Electronic Data System Corporation (EDS), by modem or computer diskette; or
 
b)   in hard-copy (paper) form and arrange for another party to convert the paper report to automated for. That party (if other than EDS) must transmit the bank’s computer data file to EDS.
                                         
FDIC Certificate Number
    5       7       8       9       0  
    (RCRI 9030)
http://WWW.BANKING.US.HSBC.COM
Primary Internet Web Address of Bank (Home Page), if any (TEXT 4087)
(Example: www.examplebank.com)
For electronic filing assistance, contact EDS Call report Services, 2150 N. Prospect Ave., Milwaukee, WI 53202, telephone (800) 255-1571.
To fulfill the signature and attestation requirement for the Reports of Condition and Income for this report date, attach this signature page to the hard-copy f the completed report that the bank places in its files.
                 
HSBC Bank USA, NATIONAL ASSOCIATION  
         
Legal Title of Bank (TEXT 9010)
               
 
               
Wilmington
               
         
City (TEXT 9130)
               
 
               
DE
    19801          
         

 


Table of Contents

    State Abbrev. (TEXT 9200)   ZIP Code (TEXT 9220)
Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency
REPORT OF CONDITION
Consolidated domestic subsidiaries
         
HSBC Bank USA, National Association
  of Buffalo    
     
Name of Bank
  City    
in the state of New York, at the close of business September 30, 2009
                 
            Thousands of dollars
ASSETS
               
 
               
Cash and balances due from depository institutions:
               
a. Non-interest-bearing balances currency and coin
            2,570,556  
b. Interest-bearing balances
            17,656,608  
Held-to-maturity securities
            2,731,128  
Available-for-sale securities
            25,710,388  
Federal funds sold and securities purchased under agreements to resell:
               
a. Federal funds sold in domestic offices
            0  
b. Securities purchased under agreements to resell
            4,463,048  
Loans and lease financing receivables:
               
Loans and leases held for sale
            3,078,970  
Loans and leases net of unearned income
    80,652,389          
LESS: Allowance for loan and lease losses
    3,831,446          
Loans and lease, net of unearned income, allowance, and reserve
            76,820,943  
Trading assets
            24,855,776  
Premises and fixed assets
            531,151  
Other real estate owned
            82,463  
Investments in unconsolidated subsidiaries
            11,789  
Customers’ liability to this bank on acceptances outstanding
          NA  
Intangible assets: Goodwill
            2,056,813  
Intangible assets: Other intangible assets
            428,791  
Other assets
            7,264,450  
 
               
Total assets
            168,262,874  
 
               
 
               
LIABILITIES
               
 
               
Deposits:
               
In domestic offices
            86,634,006  
Non-interest-bearing
    17,482,305          
Interest-bearing
    69,151,701          
In foreign offices
            32,221,411  
Non-interest-bearing
    1,243,619          
Interest-bearing
    30,977,792          
 
               
Federal funds purchased and securities sold under agreements to repurchase:
               
a. Federal funds purchased in domestic offices
            42,100  
b. Securities sold under agreements to repurchase
            2,929,258  

 


Table of Contents

                 
            Thousands of dollars
Trading Liabilities
            10,557,630  
Other borrowed money
            10,503,183  
Bank’s liability on acceptances
          NA  
Subordinated notes and debentures
            4,843,133  
Other liabilities
            4,714,369  
Total liabilities
            152,445,090  
Minority Interests in consolidated Subsidiaries
            N/A  
EQUITY CAPITAL
               
 
               
Perpetual preferred stock and related surplus
            0  
Common Stock
            2,001  
Surplus
            15,805,455  
Retained earnings
            223,297  
Accumulated other comprehensive income
            -213,180  
Other equity capital components
            0  
Total equity capital
            15,817,784  
Total liabilities, minority interests and equity capital
            168,262,874