Exhibit 25.2

 

 

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

 

 

x 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)

 

 

Wells Fargo & Company
Law Department, Trust Section

MAC N9305-175

Sixth Street and Marquette Avenue, 17th Floor

Minneapolis, Minnesota 55479

(612) 667-4608

(Name, address and telephone number of agent for service)

 

 

ENLINK MIDSTREAM, LLC

(Exact name of obligor as specified in its charter)

 

 

 

Subordinated Debt Securities

(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 June 27, 2012.**

 

Exhibit 3.                                            A copy of the Comptroller of the Currency Certification of Fiduciary Powers for Wells Fargo Bank, National Association, dated December 21, 2011. **

 

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 S-3 dated January 23, 2013 of file number 333-186155.

 

*** 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 Dallas and State of Texas on the 22nd day of February, 2019.

 

 

	WELLS FARGO BANK, NATIONAL ASSOCIATION
	Vice President

 

 

EXHIBIT 6

 

February 22, 2019

 

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
	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 December 31, 2018, 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				$	22,427
Interest-bearing balances				149,483
Securities:
Held-to-maturity securities				144,679
Available-for-sale securities				255,037
Equity Securities with readily determinable fair value not held for trading				79
Federal funds sold and securities purchased under agreements to resell:
Federal funds sold in domestic offices				114
Securities purchased under agreements to resell				41,906
Loans and lease financing receivables:
Loans and leases held for sale				7,833
Loans and leases, net of unearned income		923,885
LESS: Allowance for loan and lease losses		9,504
Loans and leases, net of unearned income and allowance				914,381
Trading Assets				40,722
Premises and fixed assets (including capitalized leases)				7,982
Other real estate owned				457
Investments in unconsolidated subsidiaries and associated companies				12,863
Direct and indirect investments in real estate ventures				229
Intangible assets				39,280
Other assets				51,879
Total assets				$	1,689,351
LIABILITIES
Deposits:
In domestic offices				$	1,282,404
Noninterest-bearing		399,731
Interest-bearing		882,673
In foreign offices, Edge and Agreement subsidiaries, and IBFs				59,567
Noninterest-bearing		1,084
Interest-bearing		58,483
Federal funds purchased and securities sold under agreements to repurchase:
Federal funds purchased in domestic offices				6,516
Securities sold under agreements to repurchase				5,959

 

 

		Dollar Amounts
		In Millions
Trading liabilities		11,537
Other borrowed money
(includes mortgage indebtedness and obligations under capitalized leases)		115,522
Subordinated notes and debentures		11,751
Other liabilities		30,852
Total liabilities		$	1,524,108
EQUITY CAPITAL
Perpetual preferred stock and related surplus		0
Common stock		519
Surplus (exclude all surplus related to preferred stock)		114,541
Retained earnings		53,527
Accumulated other comprehensive income		-3,686
Other equity capital components		0
Total bank equity capital		164,901
Noncontrolling (minority) interests in consolidated subsidiaries		342
Total equity capital		165,243
Total liabilities, and equity capital		$	1,689,351

 

I, John R. Shrewsberry, Sr. 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.

 

 

		John R. Shrewsberry
		Sr. 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.

 

 

Directors

Enrique Hernandez, Jr

Federico F. Pena

James Quigley