EXHIBIT 25
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
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
(Exact name of trustee as specified in its charter)
New York 00-0000000
(State of incorporation (I.R.S. employer
if not a U.S. national bank) identification no.)
Xxx Xxxx Xxxxxx, Xxx Xxxx, X.X. 00000
(Address of principal executive offices) (Zip code)
TYCO INTERNATIONAL LTD.
(Exact name of obligor as specified in its charter)
Bermuda Not applicable
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
The Zurich Centre, Second Floor
00 Xxxxx Xxx Xxxx
Xxxxxxxx XX 00, Xxxxxxx
(Xxxxxxx of principal executive offices) (Zip code)
TYCO INTERNATIONAL GROUP S.A.
(Exact name of obligor as specified in its charter)
----------------
Luxembourg Not applicable
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
0, xxxxxx Xxxxx Xxxxxx, Xxxxxx Xxxxx
X-0000 Xxxxxxxxxx
(Address of
principal
executive
offices) (Zip code)
----------------
6- 1/8% Notes Due 2007
(Title of the indenture securities)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
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
---- -------
Superintendent of Banks of the State 0 Xxxxxx Xxxxxx, Xxx Xxxx, X.X. 00000,
of New York and Albany, N.Y. 12203
Federal Reserve Bank of New York 00 Xxxxxxx Xxxxx, Xxx Xxxx, X.X. 00000
Federal Deposit Insurance Corporation Washington, D.C. 20429
New York Clearing House Association Xxx Xxxx, Xxx Xxxx 00000
(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.
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 (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 and Exhibit 1 to Form T-1 filed with
Registration Statement No. 33-29637.)
4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1
filed with Registration Statement No. 33-31019.)
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. 33-44051.)
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,
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 27th day of July, 2000.
THE BANK OF NEW YORK
By: /s/ Xxxxxxx Xxxxxxx
_____________________________________
Name: Xxxxxxx Xxxxxxx
Title: Vice President
EXHIBIT 7
Consolidated Report of Condition of
THE BANK OF NEW YORK
of Xxx Xxxx Xxxxxx, Xxx Xxxx, X.X. 00000
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business December 31,
1999, published in accordance with a call made by the Federal Reserve Bank of
this District pursuant to the provisions of the Federal Reserve Act.
Dollar Amounts
In Thousands
ASSETS
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin........... $ 3,247,576
Interest-bearing balances.................................... 6,207,543
Securities:
Held-to-maturity securities ................................. 827,248
Available-for-sale securities................................ 5,092,464
Federal funds sold and Securities purchased under agreements to
resell........................................................ 5,306,926
Loans and lease financing receivables:
Loans and leases, net of unearned income.........$37,734,000
LESS: Allowance for loan and lease losses........ 575,224
LESS: Allocated transfer risk reserve............ 13,278
Loans and leases, net of unearned income, allowance, and
reserve..................................................... 37,145,498
Trading Assets................................................. 8,573,870
Premises and fixed assets (including capitalized leases)....... 723,214
Other real estate owned........................................ 10,962
Investment in unconsolidated subsidiaries and associated
companies..................................................... 215,006
Customer's liability to this bank on acceptances outstanding... 682,590
Intangible assets.............................................. 1,219,736
Other assets................................................... 2,542,157
------------
Total assets............................................... $ 71,794,790
============
LIABILITIES
Deposits:
In domestic offices.......................................... $ 27,551,017
Noninterest-bearing..............................$11,354,172
Interest-bearing................................. 16,196,845
In foreign offices, Edge and Agreement subsidiaries, and
IBFs........................................................ $ 27,950,004
Noninterest-bearing..............................$ 639,410
Interest-bearing..................................27,310,594
Federal funds purchased and Securities sold under agreements to
repurchase.................................................... $ 1,349,708
Demand notes issued to the U.S. Treasury....................... 300,000
Trading liabilities............................................ 2,339,554
Other borrowed money:
With remaining maturity of one year or less.................. 638,106
With remaining maturity of more than one year through three
years....................................................... 449
With remaining maturity of more than three years............. 31,080
Bank's liability on acceptances executed and outstanding....... 684,185
Subordinated notes and debentures.............................. 1,552,000
Other liabilities.............................................. 3,704,252
------------
Total liabilities.......................................... 66,100,355
============
EQUITY CAPITAL
Common Stock................................................... 1,135,284
Surplus........................................................ 866,947
Undivided profits and capital reserves......................... 3,765,900
Net unrealized holding gains (losses) on available-for-sale
securities.................................................... (44,599)
Cumulative foreign currency translation adjustments............ (29,097)
------------
Total equity capital....................................... 5,694,435
------------
Total liabilities and equity capital....................... $ 71,794,790
============
4
I, Xxxxxx X. Xxxxxx, Senior Vice President and Comptroller of the above-named
bank do hereby declare that this Report of Condition has been prepared in
conformance with the instructions issued by the Board of Governors of the
Federal Reserve System and is true to the best of my knowledge and belief.
Xxxxxx X. Xxxxxx
We, the undersigned directors, attest to the correctness of this Report of
Condition 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 Board of Governors of the Federal Reserve System and is true and
correct.
Xxxxxx X. Renyi
Xxxx X. Xxxxxxxx Directors
Xxxxxx X. Xxxxxxx
5
