EX-25 9 d629471dex25.htm STATEMENT OF ELIGIBILITY OF TRUSTEE ON FORM T-1 Statement of Eligibility of Trustee on Form T-1

 

 

Exhibit 25

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM T-1

 

 

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939

OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

x CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2)

 

 

LAW DEBENTURE TRUST COMPANY

OF NEW YORK

(Exact name of trustee as specified in its charter)

 

 

 

New York   01-0622605

(State or other jurisdiction of incorporation or organization

if not a U.S. national bank)

 

(I.R.S. employer

identification no.)

400 Madison Avenue, 4th Floor, New York, N.Y.   10017
(Address of principal executive offices)   (Zip code)

 

 

CLEAR CHANNEL COMMUNICATIONS, INC. *

(Exact name of obligor as specified in its charter)

 

 

 

Texas   74-1787539

(State or other jurisdiction of

incorporation or Organization)

 

(I.R.S. employer

identification no.)

200 East Basse Road

San Antonio, Texas

  78209
(Address of principal executive offices)   (Zip code)

 

 

Senior Notes due 2021

Guarantees of Senior Notes due 2021

(Title of the indenture securities)

*The co-obligors listed on the next 2 pages are also included in this Form T-1 as additional obligors.

 

 

 


TABLE OF ADDITIONAL OBLIGORS

 

Exact Name of

Additional Obligors*

   Jurisdiction of
Formation
   I.R.S. Employer
Identification No.
 

Clear Channel Capital I, LLC

   Delaware      27-0263715   

AMFM Broadcasting, Inc.

   Delaware      95-4068583   

AMFM Operating Inc.

   Delaware      13-3649750   

Citicasters Licenses, Inc.

   Texas      90-0183894   

Capstar Radio Operating Company

   Delaware      13-3922738   

CC Broadcast Holdings, Inc.

   Nevada      20-2302507   

Christal Radio Sales, Inc.

   Delaware      13-2618663   

Cine Guarantors II, Inc.

   California      95-2960196   

Citicasters Co.

   Ohio      31-1081002   

Clear Channel Broadcasting Licenses, Inc.

   Nevada      88-0309517   

Clear Channel Broadcasting, Inc.

   Nevada      74-2722883   

Clear Channel Identity, Inc.

   Texas      27-1992018   

Clear Channel Holdings, Inc.

   Nevada      88-0318078   

Clear Channel Investments, Inc.

   Nevada      91-1883551   

Clear Channel Management Services, Inc.

   Texas      02-0619566   

Clear Channel Mexico Holdings, Inc.

   Nevada      20-2303205   

Clear Channel Satellite Services, Inc.

   Delaware      31-1125479   

Critical Mass Media, Inc.

   Ohio      31-1228174   

Katz Communications, Inc.

   Delaware      13-0904500   

Katz Media Group, Inc.

   Delaware      13-3779266   


Exact Name of

Additional Obligors*

   Jurisdiction of
Formation
   I.R.S. Employer
Identification No.
 

Katz Millennium Sales & Marketing Inc.

   Delaware      06-0963166   

Katz Net Radio Sales, Inc.

   Delaware      74-3221051   

M Street Corporation

   Washington      54-1526578   

Premiere Radio Networks, Inc.

   Delaware      95-4083971   

Terrestrial RF Licensing, Inc.

   Nevada      55-0858211   

CC Licenses, LLC

   Delaware      20-3498527   

Clear Channel Real Estate, LLC

   Delaware      74-2745435   

AMFM Broadcasting Licenses, LLC

   Delaware      01-0824545   

AMFM Radio Licenses, LLC

   Delaware      75-2779594   

AMFM Texas, LLC

   Delaware      74-2939082   

AMFM Texas Broadcasting, LP

   Delaware      75-2486577   

AMFM Texas Licenses, LLC

   Texas      75-2486580   

Capstar TX, LLC

   Texas      13-3933048   

CC Finco Holdings, LLC

   Delaware      26-3757034   

 

  * The address for each of the additional obligors is the same as for Clear Channel Communications, Inc.


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
Superintendent of Banks of the State of New York  

One State Street, New York, N.Y.

10004-1417 and One Commerce    

Plaza, Albany, NY 12257              

  (b) Whether it is authorized to exercise corporate trust powers.

Yes.

 

2. Affiliations with Obligor.

If the obligor is an affiliate of the trustee, describe each such affiliation.

None.

 

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 trustee as now in effect. (see Exhibit 1 to Form T-1 filed in connection with Registration Statement No. 333-127469, which is incorporated by reference).

 

  2. A copy of the certificate of authority of the trustee to commence business, if not contained in the articles of association. (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 333-127469, which is incorporated by reference).

 

  3. A copy of the existing bylaws of the trustee, or instruments corresponding thereto. (see Exhibit 3 to Form T-1 filed in connection with Registration Statement No. 333-127469, which is incorporated by reference).

 

  4. The consents of the trustee required by Section 321(b) of the Act. (see Exhibit 4 to Form T-1 filed in connection with Registration Statement 333-133414, which is incorporated by reference).

 

  5. A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.


SIGNATURE

Pursuant to the requirements of the Act, the Trustee, Law Debenture Trust Company of New York, a corporation organized and existing under the laws of the State of New York, 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 20th day of November, 2013.

LAW DEBENTURE TRUST COMPANY OF NEW YORK

 

By   /s/ James D. Heaney
  James D. Heaney
  Managing Director


Consolidated Report of Condition (attached as Exhibit 5 hereto) of

LAW DEBENTURE TRUST COMPANY OF NEW YORK

of 400 Madison Avenue, New York, NY 10017,

a limited purpose trust company (“LDTC-NY”) and U.S. subsidiary of Law Debenture Corporation plc, London, England (“Law Debenture”), at the close of business September 30, 2013, published with the Federal Financial Institutions Examination Council/Board of Governors of the Federal Reserve System, and in accordance with Chapter 2 of the Consolidated Laws of the State of New York Banking Department license granted on May 8, 2002.

I, Sam Pau, Controller of Law Debenture Trust Company of New York do hereby declare that this Report of Condition has been prepared in conformance with instructions issued by the Board of Governors of the Federal Reserve System and is true to the best of my knowledge and belief.

IN WITNESS WHEREOF, I have executed this certificate the 20th day of November, 2013.

 

/s/ Sam Pau

Sam Pau

Controller

Law Debenture Trust Company of New York

I, James D. Heaney, Managing Director of Law Debenture Trust Company of New York, do hereby attest that the signature set forth above is the true and genuine signature of Sam Pau, Controller of Law Debenture Trust Company of New York.

 

Attested by:   /s/ James D. Heaney
  James D. Heaney
Its:   Managing Director


Law Debenture Trust Company of New York

   FFIEC 041

PAGE RC-7

   Exhibit A
   13   

Consolidated Report of Condition for Insured Commercial

and State-Chartered Savings Banks for September 30, 2013

All schedules are to be reported in thousands of dollars. Unless otherwise indicated,

report the amount outstanding as of the last business day of the quarter.

Schedule RC—Balance Sheet

 

Dollar Amounts in Thousands  

  RCON     Bil   Mil     Thou       

ASSETS

            

1. Cash and balances due from depository institutions (from Schedule RC-A):

            

a. Noninterest-bearing balances and currency and coin1

    0081                    883       1.a.

b. Interest-bearing balances2

    0071            50        469       1.b.

2. Securities:

            

a. Held-to-maturity securities (from Schedule RC-B, column A)

    1754                           2.a.

b. Available-for-sale securities (from Schedule RC-B, column D)

    1773                           2.b.

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

            

a. Federal funds sold

    B987                           3.a.

b. Securities purchased under agreements to resell3

    B989                           3.b.

4. Loans and lease financing receivables (from Schedule RC-C)

             4.a.

a. Loans and leases held for sale

    5369                          

b. Loans and leases, net of unearned income

    B528                                               4.b.

c. LESS: Allowance for loan and lease losses

    3123                                               4.c.

d. Loans and leases, net of unearned income and allowance (item 4.b minus 4.c)

    B529                           4.d.

5. Trading assets (from Schedule RC-D)

    3545                           5.

6. Premises and fixed assets (including capitalized leases)

    2145                    13       6.

7. Other real estate owned (from Schedule RC-M

    2150                           7.

8. Investments in unconsolidated subsidiaries and associated companies

    2130                           8.

9. Direct and indirect investments in real estate ventures

    3656                           9.

10. Intangible assets:

            

a. Goodwill

    3163                           10.a.

b. Other intangible assets (from Schedule RC-M)

    0426                           10.b.

11. Other assets (from Schedule RC-F)

    2160            3        923       11.

12. Total assets (sum of items 1 through 11)

    2170            55        288       12.

 

1 Includes cash items in process of collection and unposted debits.
2 Includes time certificates of deposit not held for trading.
3 Includes all securities resale agreements, regardless of maturity.


   FFIEC 041

PAGE RC-8

  
   14   

Schedule RC—Continued

 

Dollar Amounts in Thousands  

   RCON      Bil    Mil      Thou       

LIABILITIES

                

13. Deposits:

                

a. In domestic offices (sum of totals of columns A and C from Schedule RC-E)

     2200                              13.a.

(1) Noninterest-bearing1

     6631                                    13.a.(1)

(2) Interest-bearing

     6636                                    13.a.(2)

b. Not applicable

                

14. Federal funds purchased and securities sold under agreements to repurchase:

                

a. Federal funds purchased2

     B993                              14.a.

b. Securities sold under agreements to repurchase3

     B995                              14.b.

15. Trading liabilities (from Schedule RC-D)

     3548                              15.

16. Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases) (from Schedule RC-M)

     3190                              16.

17. and 18. Not applicable

                

19. Subordinated notes and debentures4

     3200                              19.

20. Other liabilities (from Schedule RC-G)

     2930              4         797       20.

21. Total liabilities (sum of items 13 through 20)

     2948              4         797       21.

22. Not applicable

                

EQUITY CAPITAL

                

        Bank Equity Capital

                

23. Perpetual preferred stock and related surplus

     3838                              23.

24. Common stock

     3230                       1       24.

25. Surplus (excludes all surplus related to preferred stock)

     3839              49         876       25.

26.   a. Retained earnings

     3632                       614       26.a.

b. Accumulated other comprehensive income5

     B530                              26.b.

c. Other equity capital components6

     A130                              26.c.

27.   a. Total bank equity capital (sum of items 23 through 26.c)

     3210              50         491       27.a.

b. Noncontrolling (minority) interests in consolidated subsidiaries

     3000                              27.b

28. Total equity capital (sum of items 27.a and 27.b)

     G105              50         491       28.

29. Total liabilities and equity capital (sum of items 21 and 28)

     3300              55         288       29.

Memoranda

To be reported with the March Report of Condition.

 

1. Indicate in the box at the right the number of the statement below that best describes the most comprehensive level of auditing work performed for the bank by independent external auditors as of any date during 2012

   RCON      Number      
          1         M.1.   

 

1 =   Independent audit of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the bank

 

4 =   Directors’ examination of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm (may be required by state chartering authority)

2 =   Independent audit of the bank’s parent holding company conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the consolidated holding company (but not on the bank separately)

 

5 =   Directors’ examination of the bank performed by other external auditors (may be required by state chartering authority)

 

6 =   Review of the bank’s financial statements by external auditors

 

3 =   Attestation on bank management’s assertion on the effectiveness of the bank’s internal control over financial reporting by a certified public accounting firm

 

7 =   Compilation of the bank’ financial statements by external auditors

 

8 =   Other audit procedures (excluding tax preparation work)

 

9 =   No external audit work

 

To be reported with the March Report of Condition.      RCON         MM         DD      

2. Bank’s fiscal year-end date

     8678         12         31         M.2.   

 

1 Includes total demand deposits and noninterest-bearing time and savings deposits.
2 Report overnight Federal Home Loan Bank advances in Schedule RC, item 16, “Other borrowed money.”
3 Includes all securities repurchase agreements, regardless of maturity.
4 Includes limited-life preferred stock and related surplus.
5 Includes net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, and minimum pension liability adjustments.
6  Includes treasury stock and unearned Employee Stock Ownership Plan shares.