EX-25.1 10 d395992dex251.htm EX-25.1 EX-25.1

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

 

 

UMB BANK, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

 

44-0201230

(IRS Employer Identification No.)

 

1010 Grand Blvd., Kansas City, Missouri   64106
(Address of principal executive offices)   (Zip Code)

 

 

O’REILLY AUTOMOTIVE, INC.

(Exact name of obligor as specified in its charter)

 

 

 

MISSOURI   27-4358837

(State or other jurisdiction of

incorporation or organization)

  

(IRS employer

identification No.)

233 South Patterson

Springfield, Missouri 65802

   65802
(Address of principal executive offices)   (Zip Code)

 

 

O’Reilly Automotive, Inc.

Senior Notes due 2022

(Title of the indenture securities)

 

 

 

Item 1. General Information

(a) Name and address of each examining or supervising authority to which the Trustee is subject is as follows:

The Comptroller of the Currency

Mid-Western District

2345 Grand Avenue, Suite 700

Kansas City, Missouri 64108

Federal Reserve Bank of Kansas City

Federal Reserve PO Station

Kansas City, Missouri 64198

Supervising Examiner

Federal Deposit Insurance Corporation

720 Olive Street, Suite 2909

St. Louis, Missouri 63101

(b) The Trustee is authorized to exercise corporate trust powers.

 

Item 2. Affiliations with obligor.

The Obligor is not affiliated with the Trustee.

 

Item 3. Voting securities of the Trustee.

NOT APPLICABLE

 

Item 4. Trusteeships under other indentures.

NOT APPLICABLE

 

Item 5. Interlocking directorates and similar relationships with the obligor or underwriters

NOT APPLICABLE

 

Item 6. Voting securities of the trustee owned by the obligor or its officials.

NOT APPLICABLE

Item 7. Voting securities of the trustee owned by underwriters or their officials.

NOT APPLICABLE

 

Item 8. Securities of the obligor owned or held by the trustee.

NOT APPLICABLE

 

Item 9. Securities of the underwriters owned or held by the trustee.

NOT APPLICABLE

 

Item 10. Ownership or holdings by the trustee of voting securities of certain affiliates or security holders of the obligor.

NOT APPLICABLE

 

Item 11. Ownership or holdings by the trustee of any securities of a person owning 50 percent or more of the voting securities of the obligor.

NOT APPLICABLE

 

Item 12. Indebtedness of the Obligor to the Trustee.

NOT APPLICABLE

 

Item 13. Defaults of the Obligor.

NOT APPLICABLE

 

Item 14. Affiliations with the Underwriters.

NOT APPLICABLE

 

Item 15. Foreign Trustee.

NOT APPLICABLE

Item 16. Lists of Exhibits

Listed below are all exhibits as a part of this Statement of eligibility and qualification.

 

  1. Articles of Association of the Trustee, as now in effect (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-74008).

 

  2. Certificate of Authority from the Comptroller of Currency evidencing a change of the corporate title of the Association. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-74008).

 

  3. Certificate from the Comptroller of the Currency evidencing authority to exercise corporate trust powers and a letter evidencing a change of the corporate title of the Association. (Exhibit 3 to Form T-1 filed with the Registration Statement No. 333-74008).

 

  4. Bylaws, as amended of the Trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-74008).

 

  5. N/A

 

  6. Consent of the Trustee required by Section 321(b) of the Act (Exhibit 6 to Registration Statement No. 333-74008).

 

  7. Report of Condition of the Trustee as of 6/30/12. See attached Exhibit 1 to this Form T-1.

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, UMB Bank, National Association, a national bank 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 Kansas City, and State of Missouri, on the 16th day of August, 2012.

 

UMB BANK, NATIONAL ASSOCIATION     
BY:   

/s/ Mark B. Flannagan

     
   Mark B. Flannagan, Senior Vice President   

DATE: August 16, 2012

 

   Schedule RC      

 

 

 

 

 

 

14

 

 

 

  

 

Consolidated Report of Condition for Insured Banks

and Savings Associations for June 30, 2012

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

            Bil     Mil       Thou        

Assets

       

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

       

a. Noninterest-bearing balances and currency and coin ( 1 )

      RCON0081      401,415     1.a.   

b. Interest-bearing balances ( 2 )

      RCON0071      292,101     1.b.   

2. Securities:

       

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

      RCON1754      74,635     2.a.   

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

      RCON1773      5,199,798     2.b.   

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

       

a. Federal funds sold

      RCONB987      450,218     3.a.   

b. Securities purchased under agreements to resell ( 3 )

      RCONB989      24,042     3.b.   

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

       

a. Loans and leases held for sale

      RCON5369      11,027     4.a.   

b. Loans and leases, net of unearned income

      RCONB528      4,240,917     4.b.   

c. LESS: Allow ance for loan and lease losses

      RCON3123      63,127     4.c.   

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

      RCONB529      4,177,790     4.d.   

5. Trading assets (from Schedule RC-D)

      RCON3545      35,916     5.      

6. Premises and fixed assets (including capitalized leases)

      RCON2145      171,706     6.      

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

      RCON2150      5,021     7.      

8. Investments in unconsolidated subsidiaries and associated companies

      RCON2130      0     8.      

9. Direct and indirect investments in real estate ventures

      RCON3656      0     9.      

10. Intangible assets:

       

a. Goodwill

      RCON3163      39,816     10.a.   

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

      RCON0426      12,005     10.b.   

11. Other assets (from Schedule RC-F)

      RCON2160      150,547     11.      

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

      RCON2170      11,046,037     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.

 

   Schedule RC      

 

 

 

 

 

 

15

 

 

 

  

 

Schedule RC—Continued

 

Dollar Amounts in Thousands

         

  Bil  

  

  Mil  

  

  Thou  

      

Liabilities

       

13. Deposits:

       

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

      RCON2200      8,869,390     13.a.   

(1) Noninterest-bearing ( 1 )

      RCON6631      3,684,626     13.a. (1) 

(2) Interest-bearing

      RCON6636      5,184,764     13.a. (2) 

b. Not applicable

       

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

       

a. Federal funds purchased ( 2 )

      RCONB993      85,387     14.a.   

b. Securities sold under agreements to repurchase ( 3 )

      RCONB995      1,206,206     14.b.   

15. Trading liabilities (from Schedule RC-D)

      RCON3548      0     15.      

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

      RCON3190      5,258     16.      

17. Not applicable

       

18. Not applicable

       

19. Subordinated notes and debentures ( 4 )

      RCON3200      0     19.      

20. Other liabilities (from Schedule RC-G)

      RCON2930      93,465     20.      

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

      RCON2948      10,259,706     21.      

22. Not applicable

          22.      

Equity Capital

       

Bank Equity Capital

       

23. Perpetual preferred stock and related surplus

      RCON3838      0     23.      

24. Common stock

      RCON3230      20,254     24.      

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

      RCON3839      183,124     25.      

26.

          26.      

a. Retained earnings

      RCON3632      516,561     26.a.   

b. Accumulated other comprehensive income ( 5 )

      RCONB530      66,392     26.b.   

c. Other equity capital components ( 6 )

      RCONA130      0     26.c.   

27.

          27.      

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

      RCON3210      786,331     27.a.   

b. Noncontrolling (minority) interests in consolidated subsidiaries

      RCON3000      0     27.b.   

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

      RCONG105      786,331     28.      

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

      RCON3300      11,046,037     29.      

 

(1) Includes noninterest-bearing demand, 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 accumulated defined benefit pension and other postretirement plan adjustments.
(6) Includes treasury stock and unearned Employee Stock Ownership Plan shares.

 

   Schedule RC      

 

 

 

 

 

 

16

 

 

 

  

 

Schedule RC—Continued

 

Memoranda

To be reported with the March Report of Condition.

 

                Number         

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 2011

      
       RCON6724         N/A         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’s financial statements by external auditors
    8 =    Other audit procedures (excluding tax preparation work)
    9 =    No external audit work

 

            MM/DD         

        To be reported with the March Report of Condition

      

2. Bank’s fiscal year-end date

      RCON8678         N/A         M.2.