Exhibit 25.1

 

 

 

UNITED STATES

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

 

¨ CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2)

 

 

THE BANK OF NEW YORK MELLON

TRUST COMPANY, N.A.

(Exact name of trustee as specified in its charter)

 

 

 

  95-3571558
(Jurisdiction of incorporation
if not a U.S. national bank)
  (I.R.S. employer
identification no.)

 

400 South Hope Street  
Suite 400  
Los Angeles, California   90071
(Address of principal executive offices)   (Zip code)

BECTON, DICKINSON AND COMPANY

(Exact name of obligor as specified in its charter)

 

New Jersey   22-0760120
(State or other jurisdiction of incorporation or
organization)
  (I.R.S. employer
identification no.)

 

1 Becton Drive  
Franklin Lakes, New Jersey   07417
(Address of principal executive offices)   (Zip code)

 

 

1.450% Notes due May 15, 2017

6.375% Notes due August 1, 2019

3.300% Notes due March 1, 2023

3.875% Notes due May 15, 2024

and 4.875% Notes due May 15, 2044

(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
Comptroller of the Currency United States Department of the Treasury    Washington, DC 20219
Federal Reserve Bank    San Francisco, CA 94105
Federal Deposit Insurance Corporation    Washington, DC 20429

 

  (b) Whether it is authorized to exercise corporate trust powers.

Yes.

 

2. Affiliations with Obligor.

If the obligor is an affiliate of the trustee, describe each such affiliation.

None.

 

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 Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”) and 17 C.F.R. 229.10(d).

 

  1. A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152875).

 

  2. A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).

 

  3. A copy of the authorization of the trustee to exercise corporate trust powers (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-152875).

 

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  4. A copy of the existing by-laws of the trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-162713).

 

  6. The consent of the trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-152875).

 

  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.

 

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SIGNATURE

Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon Trust Company, N.A., a 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 Chicago, and State of Illinois, on the 18th day of March, 2015.

 

THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
By:

/s/ Michael Countryman

Name: Michael Countryman
Title: Vice President

 

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EXHIBIT 7

Consolidated Report of Condition of

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

of 400 South Hope Street, Suite 400, Los Angeles, CA 90071

At the close of business December 31, 2014, published in accordance with Federal regulatory authority instructions.

 

     Dollar amounts
in thousands
 

ASSETS

  

Cash and balances due from

  

depository institutions:

  

Noninterest-bearing balances
and currency and coin

     2,244   

Interest-bearing balances

     283   

Securities:

  

Held-to-maturity securities

     0   

Available-for-sale securities

     681,797   

Federal funds sold and securities

  

purchased under agreements to resell:

  

Federal funds sold

     181,700   

Securities purchased under agreements to resell

     0   

Loans and lease financing receivables:

  

Loans and leases held for sale

     0   

Loans and leases,
net of unearned income

     0   

LESS: Allowance for loan and
lease losses

     0   

Loans and leases, net of unearned
income and allowance

     0   

Trading assets

     0   

Premises and fixed assets (including

capitalized leases)

     13,215   

Other real estate owned

     0   

Investments in unconsolidated

  

subsidiaries and associated

  

companies

     0   

Direct and indirect investments in real estate ventures

     0   

Intangible assets:

  

Goodwill

     856,313   

Other intangible assets

     103,947   

Other assets

     117,698   
  

 

 

 

Total assets

$ 1,957,197   
  

 

 

 

 

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LIABILITIES

Deposits:

In domestic offices

  502   

Noninterest-bearing

  502   

Interest-bearing

  0   

Not applicable

Federal funds purchased and securities

sold under agreements to repurchase:

Federal funds purchased

  0   

Securities sold under agreements to repurchase

  0   

Trading liabilities

  0   

Other borrowed money:

(includes mortgage indebtedness

and obligations under capitalized

leases)

  0   

Not applicable

Not applicable

Subordinated notes and debentures

  0   

Other liabilities

  257,630   

Total liabilities

  258,132   

Not applicable

EQUITY CAPITAL

Perpetual preferred stock and related surplus

  0   

Common stock

  1,000   

Surplus (exclude all surplus related to preferred stock)

  1,122,182   

Not available

Retained earnings

  575,618   

Accumulated other comprehensive income

  265   

Other equity capital components

  0   

Not available

Total bank equity capital

  1,699,065   

Noncontrolling (minority) interests in consolidated subsidiaries

  0   

Total equity capital

  1,699,065   
  

 

 

 

Total liabilities and equity capital

  1,957,197   
  

 

 

 

I, Matthew J. McNulty, CFO of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

Matthew J. McNulty        )                CFO

We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date 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.

Antonio I. Portuondo, President        )

William D. Lindelof, Director           )                Directors (Trustees)

Alphonse J. Briand, Director             )

 

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