EX-25.1 7 exhibit251formt1final.htm FORM T-1 Exhibit


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)    [ ]

___________________________

The Bank Of New York Mellon Trust Company, N.A.
(Exact name of trustee as specified in its charter)
N/A 
(State of incorporation
if not a U.S. national bank)
95-3571558 
(I.R.S. employer
identification no.)
400 South Hope Street, Suite 500
Los Angeles, California
(Address of principal executive offices)
 
90071 
(Zip code)

Legal Department

        The Bank of New York Mellon Trust Company, N.A.
225 Liberty Street
New York, NY  10286
(212) 635-1270

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

Rayonier Inc.,
Rayonier Operating Company LLC,
and
Rayonier TRS Holdings Inc.
(Exact name of obligors as specified in charter)

North Carolina
Delaware
Delaware 
(State or other jurisdiction of
incorporation or organization)
13-2607329
27-2793120
20-0392883
 (I.R.S. employer
identification no.)

1 Rayonier Way
Yulee, FL  
(Address of principal executive offices)


32097
(Zip code)
___________________________
Debt Securities
(Title of the indenture securities)
___________________________

    



TABLE OF ADDITIONAL OBLIGORS
Exact Name of Obligor as Specified in its Charter(1)
State of Incorporation or 
Organization
 
I.R.S. Employer Identification
Number
Belfast Commerce Centre LLC
Delaware
 
61-1620525
Neoga Lakes, LLC
Delaware
 
27-1726329
One Rayonier, LLC
Delaware
 
32-0526858
Raydient LLC
Delaware
 
59-3607205
Rayonier Atlantic Timber Company
Delaware
 
46-3029247
Rayonier Canterbury, LLC
Delaware
 
04-3841382
Rayonier East Nassau Timber Properties I, LLC
Delaware
 
45-2904660
Rayonier East Nassau Timber Properties II, LLC
Delaware
 
45-2904745
Rayonier East Nassau Timber Properties III, LLC
Delaware
 
45-2904812
Rayonier East Nassau Timber Properties IV, LLC
Delaware
 
45-2904997
Rayonier East Nassau Timber Properties V, LLC
Delaware
 
45-2905086
Rayonier East Nassau Timber Properties VI, LLC
Delaware
 
45-2922050
Rayonier East Nassau Timber Properties VII, LLC
Delaware
 
45-2922093
Rayonier Forest Resources, L.P.
Delaware
 
06-1159803
Rayonier Gulf Timberlands LLC
Delaware
 
61-1661886
Rayonier Louisiana Timberlands LLC
Delaware
 
45-2890869
Rayonier Mississippi Timberlands Company
Delaware
 
46-1511763
Rayonier Timber Company No. 1, Inc.
Delaware
 
46-2655946
Rayonier Timberland Acquisitions Four, LLC
Delaware
 
27-1672114
Rayonier Timberlands Management, LLC
Delaware
 
06-1148576
Rayonier TRS Forest Operations, LLC
Delaware
 
20-5485294
Rayonier TRS Louisiana Operations Inc.
Delaware
 
45-3621130
Rayonier TRS Mississippi Operations LLC
Delaware
 
45-3621440
Rayonier TRS Operating Company
Delaware
 
46-5579555
Rayonier Washington Timber Company
Delaware
 
46-3020236
Wildlight LLC
Delaware
 
81-3453961
(1) The address of each co-obligor is 1 Rayonier Way, Yulee, FL 32097.

    




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.
Name
Address
Comptroller of the Currency – United States Department of the Treasury

Washington, D.C. 20219
Federal Reserve Bank
San Francisco, California 94105
Federal Deposit Insurance Corporation
Washington, D.C. 20429

(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 articles of association of The Bank of New York Mellon Trust Company, N.A. (Exhibit 1 to Form T-1 filed pursuant to Section 305(b)(2) of the Act in connection with Registration Statement No. 333-135006-10)
2.    A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).
3.     A copy of the authorization of the trustee to exercise corporate trust powers. (Exhibit 3 to Form T-1 filed pursuant to Section 305(b)(2) of the Act in connection with Registration Statement No. 333-135006-10).
4.    A copy of the existing by‑laws of the trustee. (Exhibit 4 to Form T-1 filed pursuant to Section 305(b)(2) of the Act in connection with Registration Statement No. 333-135006-10).
5.    Not applicable.
6.    The consent of the trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed pursuant to Section 305(b)(2) of the Act in connection with Registration Statement No. 333-135006-10).
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.
8.    Not applicable.
9.    Not applicable.

    



SIGNATURE
Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon Trust Company, N.A., a 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 Los Angeles, and State of California, on the 8th day of June, 2018.
THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
    
By: /s/ KAREN YU        
Name:    Karen Yu
    Title:    Vice President

    



    


EXHIBIT 25.1

Consolidated Report of Condition of
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
of 400 South Hope Street, Suite 500, Los Angeles, CA 90071

At the close of business March 31, 2018, published in accordance with Federal regulatory authority instructions.

 
Dollar amounts
in thousands
ASSETS
 
Cash and balances due from depository institutions:
 
                Noninterest-bearing balances and currency and coin
3,649

                Interest-bearing balances
432,247

Securities:
 
                Held-to-maturity securities

                Available-for-sale securities
593,024

Federal funds sold and securities purchased under agreements to resell:
 
              Federal funds sold

              Securities purchased under agreements to resell

Loans and lease financing receivables:
 
              Loans and leases held for sale

              Loans and leases, held for investment

              Less: Allowance for loan and lease losses

              Loans and leases, held for investment, net of allowance

Trading assets

Premises and fixed assets (including capitalized leases)
10,325

Other real estate owned

Investments in unconsolidated subsidiaries and associated companies

Direct and indirect investments in real estate ventures

Intangible assets:
 
Goodwill
856,313

Other intangible assets
17,729

Other assets
123,432

Total assets
2,036,719

 
 
LIABILITIES
 
Deposits:
 
In domestic offices
731

Noninterest-bearing
731

Interest-bearing

Not applicable
 
Federal funds purchased and securities sold under agreements to repurchase:

Federal funds purchased

Securities sold under agreements to repurchase

Trading liabilities

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


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Not applicable
 
Not applicable
 
Subordinated notes and debentures

Other liabilities
226,421

Total liabilities
227,152

Not applicable
 
 
 
EQUITY CAPITAL
 
Perpetual preferred stock and related surplus

Common stock
1,000

Surplus (exclude all surplus related to preferred stock)
1,123,298

Not available
 
Retained earnings
687,782

Accumulated other comprehensive income
(2,513
)
Other equity capital components

Not available
 
Total bank equity capital
1,809,567

Noncontrolling (minority) interests in consolidated subsidiaries

Total equity capital
1,809,567

Total liabilities and equity capital
2,036,719


    I, Matthew J. McNulty, CFO of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date 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 belief.

Matthew J. McNulty     )    CFO


We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date 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.

Antonio I. Portuondo, President )
William D. Lindelof, Director    )    Directors (Trustees)
Alphonse J. Briand, Director    )                                


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