EX-25.1 7 d234614dex251.htm EX-25.1 EX-25.1

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)

 

 

 

  95-3571558

(State of incorporation

if not a U.S. national bank)

 

(I.R.S. employer

identification no.)

400 South Hope Street

Suite 500

Los Angeles, California

  90071
(Address of principal executive offices)   (Zip code)

The Bank of New York Mellon Trust Company, N.A.

Legal Department

225 Liberty Street

New York, New York 10286

212-635-1270

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

 

 

TEMPUR SEALY INTERNATIONAL, INC.

(Exact name of obligor as specified in its charter)

 

 

 

Delaware   33-1022198

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. employer

identification no.)

1000 Tempur Way

Lexington, Kentucky

  40511
(Address of principal executive offices)   (Zip code)

 

 

5.500% Senior Notes due 2026

Guarantees of 5.500% Senior Notes due 2026

(Title of the Indenture Securities)

 

 

 


Table of Guarantor Co-Registrants

 

Name

   State or Other
Jurisdiction of
Incorporation/
Formation
   Primary Standard
Industrial Classification
Code Number
     I.R.S. Employer
Identification Number
 

Tempur World, LLC

   Delaware      2510         61-1364709   

Tempur-Pedic Management, LLC

   Delaware      2510         26-2807648   

Tempur-Pedic North America, LLC

   Delaware      2510         20-0798531   

Tempur-Pedic Technologies, Inc.

   Delaware      2510         20-8165334   

Tempur Production USA, LLC

   Virginia      2510         61-1368322   

Cocoon International Sales, LLC

   Delaware      2510         33-1069158   

Tempur Retail Stores, LLC

   Delaware      2510         61-1666069   

Tempur Sealy International Distribution, LLC

   Delaware      2510         46-4713308   

Sealy Mattress Corporation

   Delaware      2510         20-1178482   

Sealy Mattress Company

   Ohio      2510         34-0439410   

Sealy, Inc.

   Ohio      2510         34-1439379   

The Ohio Mattress Company Licensing and Components Group

   Delaware      2510         36-1750335   

Sealy Mattress Manufacturing Company, LLC

   Delaware      2510         36-3209918   

Sealy Technology LLC

   North Carolina      2510         56-2168370   

Sealy Mattress Company of Puerto Rico

   Ohio      2510         34-6544153   

Sealy US Sales, LLC

   Delaware      2510         32-0480178   


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.

 

2. Affiliations with Obligor.

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

None.

 

3-15. Not applicable.

 

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).

 

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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 as Exhibit 25.1 to the Registration Statement on Form S-3 File No. 333-121948 and Exhibit 1 to Form T-1 filed as Exhibit 25.1 to the Registration Statement on Form S-3 No. 333-152875).

 

2. A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed as Exhibit 25.1 to the Registration Statement on Form S-3 File No. 333-152875).

 

3. A copy of the authorization of the trustee to exercise corporate trust powers. (Exhibit 3 to Form T-1 filed as Exhibit 25.1 to the Registration Statement on Form S-3 File No. 333-152875).

 

4. A copy of the existing by-laws of the trustee. (Exhibit 4 to Form T-1 filed as Exhibit 25.1 to the Registration Statement on Form S-3 File No. 333-152875).

 

6. The consent of the trustee required by Section 321(b) of the Act.

 

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.


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 Chicago, and State of Illinois on the 9th day of September, 2016.

 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
By:    

/s/  Richard Tarnas

  Name:    Richard Tarnas
  Title:        Vice President

 

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EXHIBIT 6

CONSENT OF THE TRUSTEE

Pursuant to the requirements of Section 321 (b) of the Trust Indenture Act of 1939, and in connection with the proposed issue of Tempur Sealy International, Inc., The Bank of New York Mellon Trust Company, N.A. hereby consents that reports of examinations by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon request therefore.

 

THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
By:    

/s/ Richard Tarnas

  Richard Tarnas
   Vice President

Chicago, Illinois

September 9, 2016


EXHIBIT 7

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, 2016, 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

     3,785   

Interest-bearing balances

     377,955   

Securities:

  

Held-to-maturity securities

     0   

Available-for-sale securities

     616,663   

Federal funds sold and securities purchased under agreements to resell:

  

Federal funds sold

     0   

Securities purchased under agreements to resell

     0   

Loans and lease financing receivables:

  

Loans and leases held for sale

     0   

Loans and leases, net of unearned income

     0   

LESS: Allowance for loan and lease losses

     0   

Loans and leases, net of unearned income and allowance

     0   

Trading assets

     0   

Premises and fixed assets (including capitalized leases)

     10,952   

Other real estate owned

     0   

Investments in unconsolidated subsidiaries and associated companies

     0   

Direct and indirect investments in real estate ventures

     0   

Intangible assets:

  

Goodwill

     856,313   

Other intangible assets

     70,697   

Other assets

     121,423   
  

 

 

 

Total assets

   $ 2,057,788   
  

 

 

 

 

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LIABILITIES

  

Deposits:

  

In domestic offices

     509   

Noninterest-bearing

     509   

Interest-bearing

     0   

Not applicable

  

Federal funds purchased and securities sold under agreements to repurchase:

  

Federal funds purchased

     0   

Securities sold under agreements to repurchase

     0   

Trading liabilities

     0   

Other borrowed money:

  

(includes mortgage indebtedness and obligations under capitalized leases)

     0   

Not applicable

  

Not applicable

  

Subordinated notes and debentures

     0   

Other liabilities

     289,496   

Total liabilities

     290,005   

Not applicable

  

EQUITY CAPITAL

  

Perpetual preferred stock and related surplus

     0   

Common stock

     1,000   

Surplus (exclude all surplus related to preferred stock)

     1,122,532   

Not available

  

Retained earnings

     643,735   

Accumulated other comprehensive income

     516   

Other equity capital components

     0   

Not available

  

Total bank equity capital

     1,767,783   

Noncontrolling (minority) interests in consolidated subsidiaries

     0   

Total equity capital

     1,767,783   
  

 

 

 

Total liabilities and equity capital

     2,057,788   
  

 

 

 

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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