EXHIBIT 25.1
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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)
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IBJ WHITEHALL BANK & TRUST COMPANY
(Exact name of trustee as specified in its charter)
NEW YORK 00-0000000
(Jurisdiction of incorporation (I.R.S. employer
or organization if not a U.S. national bank) identification No.)
XXX XXXXX XXXXXX, XXX XXXX, XXX XXXX 00000
(Address of principal executive offices) (Zip code)
XXXX XXXXX, ASSISTANT VICE PRESIDENT
IBJ WHITEHALL BANK & TRUST COMPANY
XXX XXXXX XXXXXX
XXX XXXX, XXX XXXX 00000
(000) 000-0000
(Name, address and telephone number of agent for service)
ALASKA COMMUNICATIONS SYSTEMS HOLDINGS, INC.
(Exact name of Registrant as specified in its charter)
DELAWARE 00-0000000
(State or other jurisdiction of (I.R.S employer
incorporation or organization) identification No.)
000 X. XXXXXX, XXXXX 000 00000
XXXXXXXXX, XXXXXX (Zip code)
(Address of principal executive offices)
9 3/8% Senior Subordinated Notes Due 2009
(Title of indenture securities)
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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.
New York State Banking
Department
Two Xxxxxx Street
New York, New York
Federal Deposit Insurance
Corporation
Washington, D.C.
Federal Reserve Bank of New York
Second District
00 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx
(x) Whether it is authorized to exercise corporate trust powers.
Yes
ITEM 2. AFFILIATIONS WITH THE OBLIGOR.
If the obligor is an affiliate of the trustee; describe each such
affiliation.
The obligor is not an affiliate of the trustee.
ITEM 13. DEFAULTS BY THE OBLIGOR.
(a) State whether there is or has been a default with respect to the securities
under this indenture. Explain the nature of any such default.
None
(b) If the trustee is a trustee under another indenture under which any other
securities, or certificates of interest or participation in any other
securities, of the obligors are outstanding, or is trustee for more than one
outstanding series of securities under the indenture, state whether there
has been a default under any such indenture or series, identify the
indenture or series affected, and explain the nature of any such default.
None
ITEM 16. LIST OF EXHIBITS.
List below all exhibits filed as part of this statement of eligibility.
*1. A copy of the charter of IBJ Whitehall Bank & Trust Company as amended
to date. (See Exhibit 1A to Form T-1, Securities and Exchange Commission
File No 22-18460 and Exhibit 25.1 to Form T-1, Securities and Exchange
Commission File No. 333-46849).
*2. A copy of the Certificate of Authority of the trustee to Commence
Business (Included in Exhibit 1 above).
*3. A copy of the Authorization of the trustee to exercise corporate trust
powers, as amended to date (See Exhibit 4 to Form T-1, Securities and
Exchange Commission File No. 22-19146).
*4. A copy of existing By-Laws of the trustee, as amended to date (See
Exhibit 25.1 to Form T-1, Securities and Exchange Commission File No.
33-46849).
5. Not Applicable.
6. The consent of United States institutional 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 the requirements of its supervising or examining
authority.
* The Exhibits thus designated are incorporated herein by reference as
exhibits hereto. Following the description of such Exhibits is a reference
to the copy of the Exhibit heretofore filed with the Securities and Exchange
Commission, to which there have been no amendments or changes.
NOTE
In answering any item in this Statement of Eligibility which relates to
matters peculiarly within the knowledge of the obligor and its directors or
officers, the trustee has relied upon information furnished to it by the
obligor.
Inasmuch as this Form T-1 is filed prior to the ascertainment by the trustee
of all facts on which to base responsive answers to Item 2, the answer to said
Item is based on incomplete information.
Item 2, may, however be considered as correct unless amended by an amendment
to this Form T-1.
Pursuant to General Instruction B, the trustee has responded to Items 1, 2
and 16 of this form since to the best knowledge of the trustee as indicated in
Item 13, the obligor is not in default under any indenture under which the
applicant is trustee.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the
trustee, IBJ Whitehall Bank & Trust Company, a corporation organized and
existing under the laws of the State of New York, has duly caused this statement
of eligibility & qualification 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 14th day of June, 1999.
IBJ WHITEHALL BANK & TRUST COMPANY
By: /s/ XXXX XXXXX
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Xxxx Xxxxx
Assistant Vice President
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the
trustee, IBJ Whitehall Bank & Trust Company, a corporation organized and
existing under the laws of the State of New York, has duly caused this statement
of eligibility & qualification 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 14th of June, 1999.
IBJ WHITEHALL BANK & TRUST COMPANY
By: /s/ XXXX XXXXX
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Xxxx Xxxxx
Assistant Vice President
EXHIBIT 6
CONSENT OF TRUSTEE
Pursuant to the requirements of Section 321(b) of the Trust Indenture Act of
1939, as amended, in connection with the issuance Alaska Communications Systems
Holdings, Inc., of its 9 3/8% Senior Subordinated Notes Due 2009, we hereby
consent 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 therefor.
IBJ WHITEHALL BANK & TRUST COMPANY
By: /s/ XXXX XXXXX
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Xxxx Xxxxx
Assistant Vice President
Dated: June 14, 1999
EXHIBIT 7
CONSOLIDATED REPORT OF CONDITION OF
IBJ XXXXXXXX BANK & TRUST COMPANY
OF NEW YORK, NEW YORK
AND FOREIGN AND DOMESTIC SUBSIDIARIES
REPORT AS OF DECEMBER 31, 1998
DOLLAR AMOUNTS
IN THOUSANDS
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ASSETS
1. Cash and balance due from depository institutions:
a. Non-interest-bearing balances and currency and coin....................................... $ 26,852
b. Interest-bearing balances................................................................. $ 17,489
2. Securities
a. Held-to-maturity securities............................................................... $ -0-
b. Available-for-sale securities............................................................. $ 207,069
3. Federal funds sold and securities purchased under agreements to resell in
domestic offices of the bank and of its Edge and Agreement subsidiaries and in
IBFs
Federal Funds sold and Securities purchased under agreements to resell....................... $ 80,389
4. Loans and lease financing receivables:
a. Loans and leases, net of unearned income.................................... $ 2,033,599
b. LESS: Allowance for loan and lease losses................................... $ 62,853
c. LESS: Allocated transfer risk reserve....................................... $ -0-
d. Loans and leases, net of unearned income, allowance, and reserve.......................... $ 1,970,746
5. Trading assets held in trading accounts...................................................... $ 848
6. Premises and fixed assets (including capitalized leases)..................................... $ 1,583
7. Other real estate owned...................................................................... -0-
8. Investments in unconsolidated subsidiaries and associated companies.......................... $ -0-
9. Customers' liability to this bank on acceptances outstanding................................. $ 340
10. Intangible assets............................................................................ $ 11,840
11. Other assets................................................................................. $ 66,691
12. TOTAL ASSETS................................................................................. $ 2,383,847
EXHIBIT 7
CONSOLIDATED REPORT OF CONDITION OF
IBJ XXXXXXXX BANK & TRUST COMPANY
OF NEW YORK, NEW YORK
AND FOREIGN AND DOMESTIC SUBSIDIARIES
REPORT AS OF DECEMBER 31, 1998
DOLLAR AMOUNTS
IN THOUSANDS
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LIABILITIES
13. Deposits:
a. In domestic offices....................................................................... $ 804,562
(1) Noninterest-bearing........................................................ $ 168,822
(2) Interest-bearing........................................................... $ 635,740
b. In foreign offices, Edge and Agreement subsidiaries, and IBFs............................. $ 865,076
(1) Noninterest-bearing........................................................ $ 16,554
(2) Interest-bearing........................................................... $ 868,522
14. Federal funds purchased and securities sold under agreements to repurchase in
domestic offices of the bank and of its Edge and Agreement subsidiaries, and in
IBFs:
Federal Funds purchased and Securities sold under agreements to repurchase................... $ 225,000
15. a. Demand notes issued to the U.S. Treasury.................................................. $ 674
b. Trading Liabilities....................................................................... $ 560
16. Other borrowed money:
a. With a remaining maturity of one year or less............................................. $ 38,002
b. With a remaining maturity of more than one year........................................... $ 1,375
c. With a remaining maturity of more than three years........................................ $ 1,550
17. Not applicable.
18. Bank's liability on acceptances executed and outstanding..................................... $ 340
19. Subordinated notes and debentures............................................................ $ 100,000
20. Other liabilities............................................................................ $ 74,502
21. TOTAL LIABILITIES............................................................................ $ 2,131,641
22. Limited-life preferred stock and related surplus............................................. $ N/A
EXHIBIT 7
CONSOLIDATED REPORT OF CONDITION OF
IBJ XXXXXXXX BANK & TRUST COMPANY
OF NEW YORK, NEW YORK
AND FOREIGN AND DOMESTIC SUBSIDIARIES
REPORT AS OF DECEMBER 31, 1998
DOLLAR AMOUNTS
IN THOUSANDS
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EQUITY CAPITAL
23. Perpetual preferred stock and related surplus................................................ $ -0-
24. Common stock................................................................................. $ 28,958
25. Surplus (exclude all surplus related to preferred stock)..................................... $ 210,319
26. a. Undivided profits and capital reserves.................................................... $ 11,655
b. Net unrealized gains (losses) on available-for-sale securities............................ $ 1,274
27. Cumulative foreign currency translation adjustments.......................................... $ -0-
28. TOTAL EQUITY CAPITAL......................................................................... $ 252,206
29. TOTAL LIABILITIES AND EQUITY CAPITAL......................................................... $ 2,383,847
