EX-25.2 7 tv481206_ex25-2.htm EXHIBIT 25.2

 

Exhibit 25.2

 

 

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

(Exact name of trustee as specified in its charter)

 

New York

(Jurisdiction of incorporation

if not a U.S. national bank)

13-5160382

(I.R.S. Employer

Identification No.)

   

225 Liberty Street

New York, New York

(Address of principal executive offices)

10286

(Zip code)

 

Legal Department

The Bank of New York Mellon

225 Liberty Street

New York, NY 10286

(212) 635-1270

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

 

MDC PARTNERS INC.

(Exact name of obligor as specified in its charter)

 

Canada

(State or other jurisdiction

of incorporation or organization)

98-0364441

(I.R.S. Employer

Identification No.)

   

745 Fifth Avenue, 19th Floor
New York, NY

(Address of principal executive offices)

10151

(Zip code)

 

 

  

Senior Subordinated Debt Securities and Subordinated Debt Securities

(Title of the indenture securities)

 

 
   

 

 

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.

 

Superintendent of the Department of Financial
Services of the State of New York
  One State Street, New York, N.Y. 10004-1417
and Albany, N.Y. 12203
Federal Reserve Bank of New York   33 Liberty Plaza, New York, N.Y. 10045
Federal Deposit Insurance Corporation   550 17th Street, N.W., Washington, D.C. 20429
New York Clearing House Association   New York, N.Y. 10005

 

(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 Organization Certificate of The Bank of New York Mellon (formerly The Bank of New York (formerly Irving Trust Company)) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers.  (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672, Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637, Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121195 and Exhibit 1 to Form T-1 filed as Exhibit 25.1 to Current Report on Form 8-K of Nevada Power Company, Date of Report (Date of Earliest Event Reported) July 25, 2008 (File No. 000-52378).)
     
4. - A copy of the existing By-laws of the Trustee.  (Exhibit 4 to Form T-1 with Registration Statement No. 333-155238.)
     
6. - The consent of the Trustee required by Section 321(b) of the Act.  (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-152856.)
     
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, 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 15 day of December, 2017.

 

  THE BANK OF NEW YORK MELLON
     
  By: /s/ Elizabeth Stern
    Name: Elizabeth Stern
    Title: Vice President

 

 

  EXHIBIT 7
(Page i of ii)
 

Consolidated Report of Condition of

THE BANK OF NEW YORK MELLON

of 225 Liberty Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,

a member of the Federal Reserve System, at the close of business September 30, 2017, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.

 

ASSETS   Dollar Amounts
In Thousands
 
Cash and balances due from depository institutions:        
Noninterest-bearing balances and currency and coin   $ 4,915,000  
Interest-bearing balances     85,278,000  
Securities:        
Held-to-maturity securities     39,433,000  
Available-for-sale securities     76,289,000  
Federal funds sold and securities purchased under agreements to resell:        
   Federal funds sold in domestic offices     0  
Securities purchased under agreements to resell     14,181,000  
Loans and lease financing receivables:        
Loans and leases held for sale     0  
Loans and leases, held for investment     29,492,000  
LESS: Allowance for loan and lease losses     136,000  
Loans and leases, held for investment, net of allowance     29,356,000  
Trading assets     3,201,000  
Premises and fixed assets (including capitalized leases)     1,386,000  
Other real estate owned     4,000  
Investments in unconsolidated subsidiaries and associated companies     584,000  
Direct and indirect investments in real estate ventures     0  
Intangible assets:        
   Goodwill     6,378,000  
   Other intangible assets     861,000  
Other assets     15,476,000  
Total assets     281,342,000  
         
LIABILITIES        
Deposits:        
In domestic offices   $ 120,206,000  
Noninterest-bearing     74,342,000  
Interest-bearing     45,864,000  
In foreign offices, Edge and Agreement subsidiaries, and IBFs     116,952,000  
Noninterest-bearing     6,351,000  
Interest-bearing     110,601,000  
Federal funds purchased and securities sold under agreements to repurchase:        
Federal funds purchased in domestic offices     260,000  
Securities sold under agreements to repurchase     2,833,000  
Trading liabilities     2,409,000  
Other borrowed money:
(includes mortgage indebtedness and obligations under capitalized leases)
    4,522,000  
Not applicable        
Not applicable        
Subordinated notes and debentures     515,000  
Other liabilities     6,939,000  
Total liabilities     254,636,000  

 

EQUITY CAPITAL

       
Perpetual preferred stock and related surplus     0  
Common stock     1,135,000  
Surplus (exclude all surplus related to preferred stock)     10,744,000  
Retained earnings     15,995,000  
Accumulated other comprehensive income     -1,518,000  
Other equity capital components     0  
Total bank equity capital     26,356,000  
Noncontrolling (minority) interests in consolidated subsidiaries     350,000  
Total equity capital     26,706,000  
Total liabilities and equity capital     281,342,000  

 

  EXHIBIT 7
(Page ii of ii)

  

I, Thomas P. Gibbons, Chief Financial Officer of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.

 

Thomas P. Gibbons,
Chief Financial Officer

 

We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We 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 and is true and correct.

   

Gerald L. Hassell

Catherine A. Rein

Joseph J. Echevarria

 

 

Directors