EX-25.1 9 c95429_ex25-1.htm

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

 

 

 

___ 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)

 

 

 

Griffon Corporation

(Exact name of obligor as specified in its charter)

 

Delaware 11-1893410
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)

 

712 Fifth Avenue, 18th Floor
New York, New York
10019
(Address of principal executive offices) (Zip code)

 

 

 

5.75% Senior Notes due 2028

(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 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 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 Jacksonville and State of Florida on the 12th day of March, 2020.

 

  WELLS FARGO BANK, NATIONAL ASSOCIATION
     
  /s/ Tina D. Gonzalez  
  Tina D. Gonzalez  
  Vice President  

 

 

EXHIBIT 6

 

March 12, 2020

 

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/ Tina D. Gonzalez  
  Tina D. Gonzalez  
  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, 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         $21,178 
Interest-bearing balances          119,085 
Securities:            
Held-to-maturity securities          153,873 
Available-for-sale securities          251,838 
Equity Securities with readily determinable fair value not held for trading          96 
             
Federal funds sold and securities purchased under agreements to resell:            
Federal funds sold in domestic offices          57 
Securities purchased under agreements to resell          60,355 
Loans and lease financing receivables:            
Loans and leases held for sale          16,488 
Loans and leases, net of unearned income   927,231        
LESS: Allowance for loan and lease losses   9,284        
Loans and leases, net of unearned income and allowance          917,947 
Trading Assets          61,182 
Premises and fixed assets (including capitalized leases)          11,822 
Other real estate owned          296 
Investments in unconsolidated subsidiaries and associated companies          13,242 
Direct and indirect investments in real estate ventures          110 
Intangible assets          36,032 
Other assets          49,318 
             
Total assets         $1,712,919 
             
LIABILITIES            
Deposits:            
In domestic offices         $1,326,735 
Noninterest-bearing   399,083        
Interest-bearing   927,652        
In foreign offices, Edge and Agreement subsidiaries, and IBFs          55,403 
Noninterest-bearing   748        
Interest-bearing   54,655        
Federal funds purchased and securities sold under agreements to repurchase:            
Federal funds purchased in domestic offices          4,283 
Securities sold under agreements to repurchase          5,593 
 
   Dollar Amounts
In Millions
 
        
Trading liabilities     9,458 
Other borrowed money       
(Includes mortgage indebtedness and obligations under capitalized leases)     100,635 
Subordinated notes and debentures     11,937 
Other liabilities     31,482 
        
Total liabilities    $1,545,526 
        
EQUITY CAPITAL       
Perpetual preferred stock and related surplus     0 
Common stock     519 
Surplus (exclude all surplus related to preferred stock)     114,728 
Retained earnings     51,071 
Accumulated other comprehensive income     1,028 
Other equity capital components     0 
        
Total bank equity capital     167,346 
Noncontrolling (minority) interests in consolidated subsidiaries     47 
        
Total equity capital     167,393 
        
Total liabilities, and equity capital    $1,712,919 

 

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