EX-25.1 11 a2118661zex-25_1.htm EXHIBIT 25.1
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Exhibit 25.1

        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)


U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)

31-0841368
I.R.S. Employer Identification No.

60 Livingston
St. Paul, Minnesota
(Address of principal executive offices)
  55107
(Zip Code)

Richard Prokosch
U.S. Bank National Association
60 Livingston Avenue
St. Paul, MN 55107
(651) 495-3918

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

Packaging Corporation of America
(Issuer with respect to the Securities)

Delaware

 

36-4277050
(State or other jurisdiction of incorporation or organization)   (I.R.S.Employer Identification No.)

1900 West Field Court
Lake Forest, Illinois

(Address of Principal Executive Offices)

 

60045
(Zip Code)

4-3/8% Senior Notes Due 2008
5-3/4% Senior Notes Due 2013
(Title of the Indenture Securities)





FORM T-1

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
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

Items 3-15 are not applicable because to the best of the Trustee's knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

Item 16.

LIST OF EXHIBITS:    
List below all exhibits filed as a part of this statement of eligibility and qualification.

 

1.

 

A copy of the Articles of Association of the Trustee.*

 

2.

 

A copy of the certificate of authority of the Trustee to commence business.*

 

3.

 

A copy of the certificate of authority of the Trustee to exercise corporate trust powers.*

 

4.

 

A copy of the existing bylaws of the Trustee.*

 

5.

 

A copy of each Indenture referred to in Item 4. Not applicable.

 

6.

 

The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

 

7.

 

Report of Condition of the Trustee as of June 30, 2003, published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.
*
Incorporated by reference to Registration Number 333-67188.

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NOTE

        The answers to this statement insofar as such answers relate to what persons have been underwriters for any securities of the obligors within three years prior to the date of filing this statement, or what persons are owners of 10% or more of the voting securities of the obligors, or affiliates, are based upon information furnished to the Trustee by the obligors. While the Trustee has no reason to doubt the accuracy of any such information, it cannot accept any responsibility therefor.


SIGNATURE

        Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. 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 and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of St. Paul, State of Minnesota on the 2nd day of September, 2003.

    U.S. BANK NATIONAL ASSOCIATION

 

 

By:

/s/  
RICHARD PROKOSCH      
Richard Prokosch
Vice President

 

 

 

 

 

 

By:

/s/  
BENJAMIN J. KRUEGER      
Benjamin J. Krueger
Trust Officer

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Exhibit 6


CONSENT

        In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

Dated: September 2, 2003


 

U.S. BANK NATIONAL ASSOCIATION

 

By:

/s/  
RICHARD PROKOSCH      
Richard Prokosch
Vice President

 

By:

/s/  
BENJAMIN J. KRUEGER      
Benjamin J. Krueger
Trust Officer

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Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 6/30/2003

($000's)

 
  6/30/2003
Assets      
  Cash and Due From Depository Institutions   $ 11,987,100
  Federal Reserve Stock     0
  Securities     35,336,411
  Federal Funds     4,955,134
  Loans & Lease Financing Receivables     118,648,100
  Fixed Assets     1,864,465
  Intangible Assets     9,999,520
  Other Assets     8,735,830
   
    Total Assets   $ 191,526,560

Liabilities

 

 

 
  Deposits   $ 132,461,590
  Fed Funds     5,061,915
  Treasury Demand Notes     0
  Trading Liabilities     303,140
  Other Borrowed Money     20,320,775
  Acceptances     150,586
  Subordinated Notes and Debentures     6,326,523
  Other Liabilities     5,864,946
   
  Total Liabilities   $ 170,489,475

Equity

 

 

 
  Minority Interest in Subsidiaries   $ 999,216
  Common and Preferred Stock     18,200
  Surplus     11,015,123
  Undivided Profits     9,004,546
   
    Total Equity Capital   $ 21,037,085

Total Liabilities and Equity Capital

 

$

191,526,560

To the best of the undersigned's determination, as of the date hereof, the above financial information is true and correct.

U.S. Bank National Association


By:

/s/  
RICHARD PROKOSCH      
Vice President

 

 

Date: September 2, 2003

 

 

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FORM T-1
NOTE
SIGNATURE
CONSENT