EX-25.2 9 h72683exv25w2.htm EX-25.2 exv25w2
Exhibit 25.2
 
 
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 bank)   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)
 
Newpark Resources, Inc.
(Exact name of registrant as specified in its charter)
     
Delaware   72-1123385
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification No.)
     
2700 Research Forest Drive, Suite 100    
The Woodlands, Texas   77381
(Address of principal executive offices)   (Zip code)
 
Subordinated Debt Securities
Guarantees of Subordinated Debt Securities
(Title of indenture securities)
 
 

 

 

GUARANTORS
         
    State or Other   I.R.S.
    Jurisdiction of   Employer
Exact Name of Obligor as   Incorporation or   Identification
Specified in its Charter(1)   Organization   Number
Dura-Base Nevada, Inc.
   Nevada   43-2040968
Excalibar Minerals LLC
   Texas   93-1055876
Newpark Drilling Fluids LLC
   Texas   20-4994235
Newpark Drilling Fluids International LLC
   Texas   20-4994235
Newpark Drilling Fluids Personnel Services LLC
   Texas   26-3616804
Newpark Environmental Management Company, L.L.C.
   Louisiana   72-0770718
Newpark Environmental Services LLC
   Texas   72-1312748
Newpark Environmental Services-Mississippi, L.P.
   Mississippi   72-1373214
Newpark Environmental Water Solutions LLC
   Delaware   20-1987972
Newpark Mats & Integrated Services LLC
   Texas   72-1284720
Newpark Texas, L.L.C.
   Louisiana   72-1286789
 
(1)   The address for each obligor is 2700 Research Forest Drive, Suite 100, The Woodlands, Texas 77381.

 

 

[Type text]
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 and Fiduciary Powers for Wells Fargo Bank, National Association, dated February 4, 2004.**
 
    
Exhibit 3.
  See Exhibit 2
 
    
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 25 to the Form S-4 dated December 30, 2005 of Hornbeck Offshore Services LLC file number 333-130784-06.
 
**   Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of Trans-Lux Corporation file number 022-28721.
 
***   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 May 26, 2005 of Penn National Gaming Inc. file number 333-125274.

 

 

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 12th day of May, 2010.
         
  WELLS FARGO BANK, NATIONAL ASSOCIATION
 		  
  /s/ Patrick T. Giordano    
  Patrick T. Giordano   
  Vice President   

 

 

         
EXHIBIT 6
May 12, 2010
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
 		  
  /s/ Patrick T. Giordano    
  Patrick T. Giordano   
  Vice President   
 

 

 

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, 2009, 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
           $ 19,272  
Interest-bearing balances
             29,528  
Securities:
                
Held-to-maturity securities
             0  
Available-for-sale securities
             81,918  
Federal funds sold and securities purchased under agreements to resell:
                
Federal funds sold in domestic offices
             6,471  
Securities purchased under agreements to resell
             1,241  
Loans and lease financing receivables:
                
Loans and leases held for sale
             28,147  
Loans and leases, net of unearned income
     376,557          
LESS: Allowance for loan and lease losses
     11,520          
Loans and leases, net of unearned income and allowance
             365,037  
Trading Assets
             7,574  
Premises and fixed assets (including capitalized leases)
             4,376  
Other real estate owned
             1,829  
Investments in unconsolidated subsidiaries and associated companies
             457  
Direct and indirect investments in real estate ventures
             46  
Intangible assets
                
Goodwill
             11,408  
Other intangible assets
             17,220  
Other assets
             34,254  
 
              
 
                
Total assets
           $ 608,778  
 
              
 
                
LIABILITIES
                
Deposits:
                
In domestic offices
           $ 414,131  
Noninterest-bearing
     91,246          
Interest-bearing
     322,885          
In foreign offices, Edge and Agreement subsidiaries, and IBFs
             57,745  
Noninterest-bearing
     1,313          
Interest-bearing
     56,432          
Federal funds purchased and securities sold under agreements to repurchase:
                
Federal funds purchased in domestic offices
             6,921  
Securities sold under agreements to repurchase
             6,908  

 

 

         
    Dollar Amounts  
    In Millions  
Trading liabilities
     8,092  
Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)
     20,733  
Subordinated notes and debentures
     11,006  
Other liabilities
     26,649  
 
      
 
        
Total liabilities
   $ 552,185  
 
        
EQUITY CAPITAL
        
Perpetual preferred stock and related surplus
     0  
Common stock
     520  
Surplus (exclude all surplus related to preferred stock)
     38,209  
Retained earnings
     17,234  
Accumulated other comprehensive income
     452  
Other equity capital components
     0  
 
      
 
        
Total bank equity capital
     56,415  
Noncontrolling (minority) interests in consolidated subsidiaries
     178  
 
      
 
        
Total equity capital
     56,593  
 
      
 
        
Total liabilities, and equity capital
   $ 608,778  
 
      
I, Howard I. Atkins, 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.
Howard I. Atkins
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.
John Stumpf                                                             Directors
Carrie Tolstedt
Michael Loughlin