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
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CHECK IF AN APPLICATION TO DETERMINE ELIGIBILTY OF
A TRUSTEE PURSUANT TO SECTION 305(b)(2)
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THE CHASE MANHATTAN BANK
(Exact name of trustee as specified in its charter)
NEW YORK 00-0000000
(State of incorporation (I.R.S. employer
if not a national bank) identification No.)
000 XXXX XXXXXX 00000
XXX XXXX, XXX XXXX (Xxx Code)
(Address of principal executive offices)
Xxxxxxx X. XxXxxxx
General Counsel
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Tel: (000) 000-0000
(Name, address and telephone number of agent for service)
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CARRIER1 INTERNATIONAL 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.)
X-0000
XXXXXXXX
XXXXX X'XXXXX 3
(411-297-2600)
(Address and telephone number of principal executive offices)
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DEBT SECURITIES
(Title of the indenture securities)
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GENERAL
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 Xxxxx Xxxxxxx Xxxxxxxxxx, Xxxxx Xxxxx, Xxxxxx,
Xxx Xxxx 00000.
Board of Governors of the Federal Reserve System,
Washington, D.C., 20551
Federal Reserve Bank of New York, District Xx. 0,
00 Xxxxxxx Xxxxxx, Xxx Xxxx, X.X.
Federal Deposit Insurance Corporation, Xxxxxxxxxx, X.X., 00000.
(b) 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.
None.
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Item 16. List of Exhibits
List below all exhibits filed as a part of this Statement of
Eligibility.
1. A copy of the Articles of Association of the Trustee as now in
effect, including the Organization Certificate and the Certificates of
Amendment dated February 17, 1969, August 31, 1977, December 31, 1980,
September 9, 1982, February 28, 1985, December 2, 1991 and July 10, 1996
(see Exhibit 1 to Form T-1 filed in connection with Registration Statement
No. 333-06249, which is incorporated by reference).
2. A copy of the Certificate of Authority of the Trustee to Commence
Business (see Exhibit 2 to Form T-1 filed in connection with Registration
Statement No. 33-50010, which is incorporated by reference. On July 14, 1996,
in connection with the merger of Chemical Bank and The Chase Manhattan Bank
(National Association), Chemical Bank, the surviving corporation, was renamed
The Chase Manhattan Bank).
3. None, authorization to exercise corporate trust powers being
contained in the documents identified above as Exhibits 1 and 2.
4. A copy of the existing By-Laws of the Trustee (see Exhibit 4 to
Form T-1 filed in connection with Registration Statement No. 333-06249, which
is incorporated by reference).
5. Not applicable.
6. The consent of the Trustee required by Section 321(b) of the Act
(see Exhibit 6 to Form T-1 filed in connection with Registration Statement
No. 33-50010, which is incorporated by reference. On July 14, 1996, in
connection with the merger of Chemical Bank and The Chase Manhattan Bank
(National Association), Chemical Bank, the surviving corporation, was renamed
The Chase Manhattan Bank).
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.
8. Not applicable.
9. Not applicable.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939 the
Trustee, The Chase Manhattan Bank, 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 19th
day of March, 1999.
THE CHASE MANHATTAN BANK
By Xxxxxxx Xxxxx
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/s/ Xxxxxxx Xxxxx
/s/ Assistant Treasurer
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EXHIBIT 7 TO FORM T-1
Bank Call Notice
RESERVE DISTRICT NO. 2
CONSOLIDATED REPORT OF CONDITION OF
The Chase Manhattan Bank
of 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000
and Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System,
at the close of business September 30, 1998, 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 Millions
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ASSETS
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin .......................... $ 11,951
Interest-bearing balances ................................................... 4,551
Securities:
Held to maturity securities ................................................... 1,740
Available for sale securities ................................................. 45,537
Federal funds sold and securities purchased under agreements to resell ........ 29,730
Loans and lease financing receivables:
Loans and leases, net of unearned income ......................... $ 127,379
Less: Allowance for loan and lease losses ........................ 2,719
Less: Allocated transfer risk reserve ............................ 0
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Loans and leases, net of unearned income, allowance, and reserve ........... 124,660
Trading Assets ............................................................... 51,549
Premises and fixed assets (including capitalized leases) ..................... 3,008
Other real estate owned ...................................................... 272
Investments in unconsolidated subsidiaries and associated companies .......... 300
Customers' liability to this bank on acceptances outstanding ................. 1,329
Intangible assets ............................................................ 1,429
Other assets ................................................................. 13,563
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TOTAL ASSETS ................................................................. $ 292,620
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LIABILITIES
Deposits
In domestic offices ........................................................ $ 98,760
Noninterest-bearing .............................................. $ 39,071
Interest-bearing ................................................. 59,689
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In foreign offices, Edge and Agreement, subsidiaries and IBF's ............. 75,403
Noninterest-bearing .............................................. $ 3,877
Interest-bearing ................................................. 71,526
Federal funds purchased and securities sold under agreements to repurchase ... $ 34,471
Demand notes issued to the U.S. Treasury ..................................... 1,000
Trading liabilities .......................................................... 41,599
Other borrowed money (includes mortgage indebtedness and obligations under
capitalized leases):
With a remaining maturity of one year or less .............................. 3,781
With a remaining maturity of more than one year through three years ........ 213
With a remaining maturity of more than three years ......................... 104
Bank's liability on acceptances executed and outstanding ..................... 1,329
Subordinated notes and debentures ............................................ 5,408
Other liabilities ............................................................ 12,011
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TOTAL LIABILITIES ............................................................ 274,099
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EQUITY CAPITAL
Perpetual preferred stock and related surplus ................................ 0
Common stock ................................................................. 1,211
Surplus (exclude all surplus related to preferred stock) ..................... 10,441
Undivided profits and capital reserves ....................................... 6,287
Net unrealized holding gains (losses) on available-for-sale securities ....... 566
Cumulative foreign currency translation adjustments .......................... 18
TOTAL EQUITY CAPITAL ......................................................... 18,521
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TOTAL LIABILITIES AND EQUITY CAPITAL ......................................... $ 292,620
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I, Xxxxxx X. Xxxxxxxx, E.V.P. & Controller of the above-named bank, do hereby
declare that this Report of Condition has been prepared in conformance with the
instructions issued by the appropriate Federal regulatory authority and is true
to the best of my knowledge and belief.
XXXXXX X. XXXXXXXX
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 appropriate Federal regulatory authority and is true and correct.
XXXXXX X. XXXXXXX )
XXXXXX X. XXXXXXXXX ) DIRECTORS
XXXXXXX X. XXXXXXXX, XX.)
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