EX-25.2 5 d686928dex252.htm EX-25.2 EX-25.2

Exhibit 25.2

 

 

 

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.

 

800 Nicollet Mall

Minneapolis, Minnesota

  55402
(Address of principal executive offices)   (Zip Code)

William Sicking

U.S. Bank National Association

425 Walnut Street

Cincinnati, Ohio 45202

(513) 632-4278

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

 

 

AK Steel Corporation

(Issuer with respect to the Securities)

 

 

 

Delaware   31-1267098

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

9227 Centre Pointe Drive

West Chester, Ohio

  45069
(Address of Principal Executive Offices)   (Zip Code)

 

 

AK Steel Holding Corporation

(Parent Guarantor with respect to the Securities)

 

 

 

Delaware   31-1401455

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

9227 Centre Pointe Drive

West Chester, Ohio

  45069
(Address of Principal Executive Offices)   (Zip Code)

Table of Additional Registrant Guarantors with respect to the Securities

 

Name

   State of jurisdiction
of incorporation or
organization
   IRS Employer
Identification Number

AK Tube LLC

   Delaware    31-1781514

AK Steel Properties, Inc.

   Delaware    51-0390894

Mountain State Carbon, LLC

   Delaware    20-2840611

The address, including zip code of the principal executive office of each Additional Registrant Guarantor listed in the table above is the same as those of AK Steel Holding Corporation and AK Steel Corporation.

 

 

Secured Debt Securities

(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 obligors are 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, attached as Exhibit 2.

 

  3.

A copy of the certificate of authority of the Trustee to exercise corporate trust powers, attached as Exhibit 3.

 

  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 September 30, 2018 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

 

*

Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.

 

**

Incorporated by reference to Exhibit 25.1 to registration statement on form S-3ASR, Registration Number 333-199863 filed on November 5, 2014.

 

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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 Cincinnati, State of Ohio on the 15th of February, 2019.

 

By:

 

/s/ Bill Sicking

  William Sicking
  Vice President

 

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Exhibit 2

 

LOGO

 

4


Exhibit 3

 

LOGO

 

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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: February 15, 2019

 

By:

 

/s/ Bill Sicking

  William Sicking
  Vice President

 

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Exhibit 7

U.S. Bank National Association

Statement of Financial Condition

As of 9/30/2018

($000’s)

 

     9/30/2018  

Assets

  

Cash and Balances Due From Depository Institutions

   $ 20,003,448  

Securities

     110,034,104  

Federal Funds

     31,434  

Loans & Lease Financing Receivables

     281,653,128  

Fixed Assets

     3,819,093  

Intangible Assets

     13,233,498  

Other Assets

     27,236,326  
  

 

 

 

Total Assets

   $ 456,011,031  

Liabilities

  

Deposits

   $ 342,906,860  

Fed Funds

     6,964,321  

Treasury Demand Notes

     0  

Trading Liabilities

     977,478  

Other Borrowed Money

     38,881,574  

Acceptances

     0  

Subordinated Notes and Debentures

     3,800,000  

Other Liabilities

     14,600,333  
  

 

 

 

Total Liabilities

   $ 408,130,566  

Equity

  

Common and Preferred Stock

     18,200  

Surplus

     14,266,915  

Undivided Profits

     32,793,053  

Minority Interest in Subsidiaries

     802,297  
  

 

 

 

Total Equity Capital

   $ 47,880,465  

Total Liabilities and Equity Capital

   $ 456,011,031  

 

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