Exhibit 25.1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORMT-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 MELLON
(Exact name of trustee as specified in its charter)
| New York | 13-5160382 | |
(State of incorporation if not a U.S. national bank) | (I.R.S. employer identification no.) | |
| 240 Greenwich Street, Floor 7 East, New York, N.Y. | 10286 | |
| (Address of principal executive offices) | (Zip code) | |
OVINTIV INC.
(Exact name of obligors as specified in their charters)
| Delaware | 84-4427672 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. employer identification no.) |
370 – 17th Street, Suite 1700
Denver, Colorado
80202
(303)623-2300
Attention: Corporate Secretary
(Address of registrants’ principal executive offices)
Debt securities
(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 of New York | One State Street, New York, N.Y. 10004, and One Commerce Plaza, Albany, N.Y. 12257 | |
| Federal Reserve Bank of New York | 33 Liberty Street, New York, N.Y. 10045 | |
| Federal Deposit Insurance Corporation | 550 17th Street, N.W. Washington, D.C. 20429 | |
| The Clearing House Association L.L.C. | New York, New York 10005 | |
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
| 2. | Affiliations with Obligor and any Guarantor. |
If the obligor or any guarantor is an affiliate of the trustee, describe each such affiliation.
None.
| 3-15. | Pursuant to General Instruction B of the FormT-1, no responses are included for Items3-15 of this FormT-1 because, to the best of the Trustee’s knowledge, the obligor nor any guarantor is in default under any Indenture for which the Trustee acts as Trustee and the Trustee is not a foreign trustee as provided under Item 15 . |
| 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 Rule7a-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 Mellon (formerly known as The Bank of New York, itself 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 StatementNo. 33-6215, Exhibits 1a and 1b to FormT-1 filed with Registration StatementNo. 33-21672, Exhibit 1 to FormT-1 filed with Registration StatementNo. 33-29637, Exhibit 1 toForm T-1 filed with Registration StatementNo. 333-121195 and Exhibit 1 to FormT-1 filed with Registration StatementNo. 333-152735).
4. A copy of the existingBy-laws of the Trustee. (Exhibit 4 to Form T 1 filed with Registration StatementNo. 333-154173).
6. The consent of the Trustee required by Section 321(b) of the Act (Exhibit 6 to FormT-1 filed with Registration StatementNo. 333-152735).
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 Mellon, 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 March 6, 2020.
| THE BANK OF NEW YORK MELLON | ||
| By: | /s/ Wanda Camacho | |
| Name: Wanda Camacho | ||
| Title: Vice-President | ||
Consolidated Report of Condition of
THE BANK OF NEW YORK MELLON
of 240 Greenwich Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business September 30, 2019, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.
| ASSETS | Dollar amounts in thousands |
Cash and balances due from depository institutions: | ||||
Noninterest-bearing balances and currency and coin | 5,960,000 | |||
Interest-bearing balances | 91,499,000 | |||
Securities: | ||||
Held-to-maturity securities | 33,769,000 | |||
Available-for-sale securities | 86,659,000 | |||
Equity securities with readily determinable fair values not held for trading | 48,000 | |||
Federal funds sold and securities purchased under agreements to resell: | ||||
Federal funds sold in domestic offices | 0 | |||
Securities purchased under agreements to resell | 30,340,000 | |||
Loans and lease financing receivables: | ||||
Loans and leases held for sale | 0 | |||
Loans and leases held for investment | 25,722,000 | |||
LESS: Allowance for loan and lease losses | 101,000 | |||
Loans and leases held for investment, net of allowance | 25,621,000 | |||
Trading assets | 4,410,000 | |||
Premises and fixed assets (including capitalized leases) | 2,653,000 | |||
Other real estate owned | 2,000 | |||
Investments in unconsolidated subsidiaries and associated companies | 1,764,000 | |||
Direct and indirect investments in real estate ventures | 0 | |||
Intangible assets: | 6,997,000 | |||
Other assets | 14,374,000 | |||
|
| |||
Total assets | 304,096,000 | |||
|
| |||
LIABILITIES | ||||
Deposits: | ||||
In domestic offices | 143,571,000 | |||
Noninterest-bearing | 53,707,000 | |||
Interest-bearing | 89,864,000 | |||
In foreign offices, Edge and Agreement subsidiaries, and IBFs | 111,933,000 | |||
Noninterest-bearing | 3,725,000 | |||
Interest-bearing | 108,208,000 | |||
Federal funds purchased and securities sold under agreements to repurchase: | ||||
Federal funds purchased in domestic offices | 3,578,000 | |||
Securities sold under agreements to repurchase | 1,375,000 | |||
Trading liabilities | 2,627,000 | |||
Other borrowed money: | 7,503,000 | |||
Not applicable | ||||
Not applicable | ||||
Subordinated notes and debentures | 0 | |||
Other liabilities | 7,506,000 | |||
|
| |||
Total liabilities | 278,093,000 | |||
|
| |||
EQUITY CAPITAL | ||||
Perpetual preferred stock and related surplus | 0 | |||
Common stock | 1,135,000 | |||
Surplus (exclude all surplus related to preferred stock) | 11,107,000 | |||
Retained earnings | 15,167,000 | |||
Accumulated other comprehensive income | -1,406,000 | |||
Other equity capital components | 0 | |||
Total bank equity capital | 26,003,000 | |||
Noncontrolling (minority) interests in consolidated subsidiaries | 0 | |||
Total equity capital | 26,003,000 | |||
|
| |||
Total liabilities and equity capital | 304,096,000 | |||
|
| |||
I, Michael Santomassimo, Chief Financial Officer of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.
| Michael Santomassimo | ||||
|
| Chief Financial Officer |
We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We 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 and is true and correct.
| Thomas P. Gibbons |
Directors
| |||||
| Samuel C. Scott | ||||||
| Joseph J. Echevarria | ||||||
