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S-1 - FORM S-1 - LYONDELL CHEMICAL COh83119sv1.htm
EX-4.3 - EX-4.3 - LYONDELL CHEMICAL COh83119exv4w3.htm
EX-5.1 - EX-5.1 - LYONDELL CHEMICAL COh83119exv5w1.htm
EX-5.2 - EX-5.2 - LYONDELL CHEMICAL COh83119exv5w2.htm
EX-23.5 - EX-23.5 - LYONDELL CHEMICAL COh83119exv23w5.htm
EX-23.4 - EX-23.4 - LYONDELL CHEMICAL COh83119exv23w4.htm
EX-12.1 - EX-12.1 - LYONDELL CHEMICAL COh83119exv12w1.htm
EX-23.3 - EX-23.3 - LYONDELL CHEMICAL COh83119exv23w3.htm
Exhibit 25.1
 
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
 
o CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b) (2)
WELLS FARGO BANK, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
         
A National Banking Association
  94-1347393  
(Jurisdiction of incorporation or
  (I.R.S. Employer
organization if not a U.S. national bank)
  Identification No.)
 
       
101 North Phillips Avenue
       
Sioux Falls, South Dakota
  57104  
(Address of principal executive offices)
  (Zip code)
Wells Fargo & Company
Law Department, Trust Section
MAC N9305-175
Sixth Street and Marquette Avenue, 17
th Floor
Minneapolis, Minnesota 55479
(612) 667-4608

(Name, address and telephone number of agent for service)
 
LYONDELLBASELL INDUSTRIES N.V.
(Exact name of obligor as specified in its charter)
     
The Netherlands
  98-0646235
(State or other jurisdiction of
  (I.R.S. Employer
incorporation or organization)
  Identification No.)
 
   
Weena 737
   
3013AM Rotterdam
   
The Netherlands
   
(Address of principal executive offices)
  (Zip code)
LYONDELL CHEMICAL COMPANY
(Exact name of obligor as specified in its charter)
         
Delaware
  95-4160558  
(State or other jurisdiction of
  (I.R.S. Employer
incorporation or organization)
  Identification No.)
         
1221 McKinney Street
       
Suite 700
       
Houston, Texas
  77010  
(Address of principal executive offices)
  (Zip code)
TABLE OF ADDITIONAL REGISTRANT GUARANTORS
         
    State or    
    Other    
    Jurisdiction    
    of   IRS Employer
    Incorporation   Identification
Exact Name of Registrant Guarantors (1)   or Formation   Number
 
LyondellBasell Finance Company
  Delaware   75-3260806
LyondellBasell Acetyls, LLC
  Delaware   27-1191233
Houston Refining LP
  Delaware   76-0395303
LyondellBasell F&F Holdco, LLC
  Delaware   27-1191320
LyondellBasell Acetyls Holdco, LLC
  Delaware   27-1191133
Lyondell Refining I LLC
  Delaware   76-0321158
Lyondell Refining Company LLC
  Delaware   76-0321158
Lyondell Europe Holdings Inc.
  Delaware   26-0547030
Lyondell Chimie France LLC
  Delaware   23-1976967
Lyondell Chemical Technology, L.P.
  Delaware   54-1613415
Lyondell Chemical Technology Management, Inc.
  Delaware   23-2631289
Lyondell Chemical Technology 1 Inc.
  Delaware   56-2561588
Lyondell Chemical Properties, L.P.
  Delaware   23-2836105
Lyondell Chemical Overseas Services, Inc.
  Delaware   95-4086869
Lyondell Chemical International Company
  Delaware   51-0109803
Lyondell Chemical Delaware Company
  Delaware   51-0309094
Equistar Chemicals, LP
  Delaware   76-0550481
Basell North America Inc.
  Delaware   51-0272090
Equistar GP, LLC
  Delaware   27-1190908
Equistar LP, LLC
  Delaware   27-1191017
 
11% Senior Secured Notes due 2018
(Title of the indenture securities)
 

 


 

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
Treasury Department
Washington, D.C.
 
      Federal Deposit Insurance Corporation
Washington, D.C.
 
      Federal Reserve Bank of San Francisco
San Francisco, California 94120
 
  (b)   Whether it is authorized to exercise corporate trust powers.
 
      The trustee is authorized to exercise corporate trust powers.
Item 2. Affiliations with Obligor. If the obligor is an affiliate of the trustee, describe each such affiliation.
None with respect to the trustee.
No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.
Item 15. Foreign Trustee. Not applicable.
Item 16. List of Exhibits. List below all exhibits filed as a part of this Statement of Eligibility.
  Exhibit 1.   A copy of the Articles of Association of the trustee now in effect.*
 
  Exhibit 2.   A copy of the Comptroller of the Currency Certificate of Corporate Existence and Fiduciary Powers for Wells Fargo Bank, National Association, dated February 4, 2004.**
 
  Exhibit 3.   See Exhibit 2
 
  Exhibit 4.   Copy of By-laws of the trustee as now in effect.***
 
  Exhibit 5.   Not applicable.
 
  Exhibit 6.   The consent of the trustee required by Section 321(b) of the Act.
 
  Exhibit 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.
 
  Exhibit 8.   Not applicable.
 
  Exhibit 9.   Not applicable.

 


 

 
*   Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated December 30, 2005 of file number 333-130784-06.
 
**   Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of file number 022-28721.
 
***   Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated May 26, 2005 of file number 333-125274.

 


 

SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo 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 to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Minneapolis and State of Minnesota on the 23rd day of June, 2011.
         
  WELLS FARGO BANK, NATIONAL ASSOCIATION
 
 
  /s/ Lynn M. Steiner    
  Lynn M. Steiner   
  Vice President   
 

 


 

EXHIBIT 6
June 23, 2011
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.
         
 
  Very truly yours,    
 
       
 
  WELLS FARGO BANK, NATIONAL ASSOCIATION    
 
       
 
  /s/ Lynn M. Steiner
 
Lynn M. Steiner
   
 
  Vice President    

 


 

EXHIBIT 7
Consolidated Report of Condition of
Wells Fargo Bank National Association
of 101 North Phillips Avenue, Sioux Falls, SD 57104
And Foreign and Domestic Subsidiaries,
at the close of business March 31, 2011, filed in accordance with 12 U.S.C. §161 for National Banks.
                 
            Dollar Amounts  
            In Millions  
ASSETS
               
Cash and balances due from depository institutions:
               
Noninterest-bearing balances and currency and coin
          $ 17,369  
Interest-bearing balances
            74,672  
Securities:
               
Held-to-maturity securities
            0  
Available-for-sale securities
            145,551  
Federal funds sold and securities purchased under agreements to resell:
               
Federal funds sold in domestic offices
            6,481  
Securities purchased under agreements to resell
            10,955  
Loans and lease financing receivables:
               
Loans and leases held for sale
            19,408  
Loans and leases, net of unearned income
    686,307          
LESS: Allowance for loan and lease losses
    18,779          
Loans and leases, net of unearned income and allowance
            667,528  
Trading Assets
            34,595  
Premises and fixed assets (including capitalized leases)
            8,062  
Other real estate owned
            5,290  
Investments in unconsolidated subsidiaries and associated companies
            588  
Direct and indirect investments in real estate ventures
            108  
Intangible assets
               
Goodwill
            20,936  
Other intangible assets
            27,181  
Other assets
            54,306  
 
             
 
               
Total assets
          $ 1,093,030  
 
             
 
               
LIABILITIES
               
Deposits:
               
In domestic offices
          $ 749,729  
Noninterest-bearing
    171,738          
Interest-bearing
    577,991          
In foreign offices, Edge and Agreement subsidiaries, and IBFs
            93,508  
Noninterest-bearing
    1,895          
Interest-bearing
    91,613          
Federal funds purchased and securities sold under agreements to repurchase:
               
Federal funds purchased in domestic offices
            1,809  
Securities sold under agreements to repurchase
            14,094  

 


 

                 
            Dollar Amounts  
            In Millions  
Trading liabilities
            19,802  
Other borrowed money
(includes mortgage indebtedness and obligations under capitalized leases)
            38,506  
Subordinated notes and debentures
            17,445  
Other liabilities
            32,953  
 
             
 
               
Total liabilities
          $ 967,846  
 
               
EQUITY CAPITAL
               
Perpetual preferred stock and related surplus
            0  
Common stock
            519  
Surplus (exclude all surplus related to preferred stock)
            98,980  
Retained earnings
            19,029  
Accumulated other comprehensive income
            5,381  
Other equity capital components
            0  
 
             
 
               
Total bank equity capital
            123,909  
Noncontrolling (minority) interests in consolidated subsidiaries
            1,275  
 
             
 
               
Total equity capital
            125,184  
 
             
 
               
Total liabilities, and equity capital
          $ 1,093,030  
 
             
I, Timothy J. Sloan, EVP & CFO 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.
Timothy J. Sloan
  EVP & CFO
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.
     
John Stumpf
  Directors
Dave Hoyt
   
Michael Loughlin