|
Delaware
38-0549190
The American Road,
John M. Rintamaki, Esq.
Copy to:
Arbie R. Thalacker, Esq.
Approximate date of commencement of proposed sale to the public: As soon as practicable after this Registration Statement becomes effective.
If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, check the following box. [ ]
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box. [X]
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of earlier effective registration statement for the same offering. [ ] |
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [ ] |
If delivery of the prospectus is expected to be made pursuant to Rule 434, please check the following box. [ ]
The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until this Registration Statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine.
The information in this prospectus
is not complete and may be changed. We may not sell these
securities until the registration statement filed with the
Securities and Exchange Commission is effective. This prospectus
is not an offer to sell these securities and it is not soliciting
an offer to buy these securities in any state where the offer or
sale is not permitted. |
SUBJECT TO COMPLETION, DATED FEBRUARY 7, 2000
FORD LOGO
Ford Motor Company
$3,000,000,000
Debt Securities
This prospectus is part of a registration statement that we filed with the SEC utilizing a shelf registration process. Under this shelf process, we may, from time to time, sell the debt securities described in this prospectus in one or more offerings up to a total dollar amount of $3,000,000,000.
This prospectus provides you with a general description of the debt securities we may offer. Each time we sell debt securities, we will provide a prospectus supplement that will contain specific information about the terms of that offering. The prospectus supplement may also add, update or change information contained in this prospectus.
You should read both this prospectus and any prospectus supplement together with additional information described under the heading WHERE YOU CAN FIND MORE INFORMATION.
Our principal executive offices are located at:
Ford Motor Company
The American Road
Dearborn, Michigan 48121
313-322-3000
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
The date of this prospectus is February , 2000.
TABLE OF CONTENTS
Page | ||||
Where You Can Find More Information | 2 | |||
Ford Motor Company | 2 | |||
Ratio of Earnings to Fixed Charges | 3 | |||
Use of Proceeds | 3 | |||
Description of Debt Securities | 3 | |||
Plan of Distribution | 8 | |||
Legal Opinions | 8 | |||
Experts | 9 |
You should rely only on the information contained or incorporated by reference in this prospectus and in any accompanying prospectus supplement. No one has been authorized to provide you with different information.
The debt securities are not being offered in any jurisdiction where the offer is not permitted.
You should not assume that the information in this prospectus or any prospectus supplement is accurate as of any date other than the date on the front of the documents.
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We file annual, quarterly and special reports and other information with the Securities and Exchange Commission (the SEC). You may read and copy any document we file at the SECs public reference rooms in Washington, D.C., New York, New York and Chicago, Illinois. Please call the SEC at 1-800-SEC-0330 for further information on the public reference rooms. Our SEC filings also are available to you at the SECs web site at http://www.sec.gov.
The SEC allows us to incorporate by reference the information we file with them, which means that we can disclose important information to you by referring you to those documents that are considered part of this prospectus. Information that we file later with the SEC will automatically update and supersede the previously filed information. We incorporate by reference the documents listed below and any future filings made with the SEC under Section 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934 until this offering has been completed.
| Annual Report on Form 10-K for the year ended December 31, 1998 (our 1998 10-K Report). | |
| Quarterly Reports on Form 10-Q for the quarters ended March 31, 1999, June 30, 1999 and September 30, 1999 (collectively, our 10-Q Reports). | |
| Current Reports on Form 8-K dated January 14, 1999, January 21, 1999, January 28, 1999, February 2, 1999, February 5, 1999, April 12, 1999, April 15, 1999, July 15, 1999, October 18, 1999, January 14, 2000, January 26, 2000 and February 4, 2000 |
You may request copies of these filings at no cost, by writing or telephoning us at the following address:
Ford Motor Company |
We incorporated in Delaware in 1919 and acquired the business of a Michigan company, also known as Ford Motor Company, incorporated in 1903 to produce and sell automobiles designed and engineered by Henry Ford. We are the worlds largest producer of trucks and the second-largest producer of cars and trucks combined.
Our business is divided into two business sectors, and we manage these sectors as four primary operating segments. These business sectors and operating segments are described below.
Business Sectors | Operating Segments | Description | ||
Automotive: | Automotive | design, manufacture, sale and service of cars and trucks | ||
Visteon Automotive Systems | design, manufacture, sale and service of automotive components and systems | |||
Financial Services: | Ford Motor Credit Company | vehicle-related financing, leasing and insurance | ||
The Hertz Corporation | rental of cars, trucks and industrial and construction equipment, and other activities |
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RATIO OF EARNINGS TO FIXED CHARGES
The ratio of our earnings to our fixed charges for each of the years 1995 through 1999 was:
Years Ended December 31 | ||||||||||||||||||||||
1999 | 1998 | 1997 | 1996 | 1995 | ||||||||||||||||||
2.2 | 3.8* | 2.0 | 1.6 | 1.6 |
* | Earnings used in calculation of this ratio include $15,955 million gain on the spin-off of our interest in Associates First Capital Corporation. Excluding this gain, the ratio would have been 2.0. |
For purposes of the ratio, earnings means the sum of:
| our pre-tax income, | |
| the pre-tax income of our majority-owned subsidiaries, whether or not consolidated, | |
| our proportionate share of the income of any fifty-percent-owned companies, | |
| any income we received from less-than-fifty-percent-owned companies, and | |
| our fixed charges. |
Fixed charges means the sum of:
| the interest we pay on borrowed funds, | |
| the preferred stock dividend requirements of our consolidated subsidiaries and trusts, | |
| the amount we amortize for debt discount, premium, and issuance expense, and | |
| one-third of all our rental expenses (the proportion deemed representative of the interest factor). |
USE OF PROCEEDS
We, or our affiliates, will use the net proceeds from the sale of debt securities for general corporate purposes, unless we state otherwise in a prospectus supplement. If we intend to use the proceeds to repay outstanding debt, we will provide details about the debt that is being repaid.
DESCRIPTION OF DEBT SECURITIES
We will issue debt securities in one or more series under an indenture, dated as of February 15, 1992, between us and The Bank of New York, trustee. The indenture may be supplemented from time to time.
The indenture is a contract between us and The Bank of New York acting as trustee. The trustee has two main roles. First, the trustee can enforce your rights against us if an Event of Default described below occurs. Second, the trustee performs certain administrative duties for us.
The indenture is summarized below. Because it is a summary, it does not contain all of the information that may be important to you. We filed the indenture as an exhibit to the registration statement, and we suggest that you read those parts of the indenture that are important to you. You especially need to read the indenture to get a complete understanding of your rights and our obligations under the covenants described below under Limitation on Liens, Limitation on Sales and Leasebacks and Merger and Consolidation. Throughout the summary we have included
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The specific terms of each series of debt securities will be described in the particular prospectus supplement relating to that series. The prospectus supplement may or may not modify the general terms found in this prospectus and will be filed with the SEC. For a complete description of the terms of a particular series of debt securities, you should read both this prospectus and the prospectus supplement relating to that particular series.
General
The debt securities offered by this prospectus will be limited to a total amount of $3,000,000,000, or the equivalent amount in any currency. The indenture, however, does not limit the amount of debt securities that may be issued under it. Therefore, additional debt securities may be issued under the indenture.
The prospectus supplement which will accompany this prospectus will describe the particular series of debt securities being offered by including:
| the designation or title of the series of debt securities; | |
| the total principal amount of the series of debt securities; | |
| the percentage of the principal amount at which the series of debt securities will be offered; | |
| the date or dates on which principal will be payable; | |
| the rate or rates (which may be either fixed or variable) and/or the method of determining such rate or rates of interest, if any; | |
| the date or dates from which any interest will accrue, or the method of determining such date or dates, and the date or dates on which any interest will be payable; | |
| the terms for redemption, extension or early repayment, if any; | |
| the currencies in which the series of debt securities are issued or payable; | |
| the provision for any sinking fund; | |
| any additional restrictive covenants; | |
| any additional Events of Default; | |
| whether the series of debt securities are issuable in physical form; | |
| any provisions modifying the defeasance and covenant defeasance provisions; | |
| any special tax implications, including provisions for original issue discount; and | |
| any other terms. |
The debt securities will be our unsecured obligations. The debt securities will rank equally with our other unsecured and unsubordinated indebtedness (parent company only).
Unless the prospectus supplement states otherwise, principal (and premium, if any) and interest, if any, will be paid by us in immediately available funds.
The indenture does not contain any provisions that give you protection in the event we issue a large amount of debt or we are acquired by another entity.
Limitation on Liens
The indenture restricts our ability to pledge some of our assets as security for other debt. Unless we secure the debt securities on an equal basis, the restriction does not permit us to have
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| liens of a company that exist at the time such company becomes our subsidiary; |
liens in our favor or in the favor of our subsidiaries;
certain liens given to a government;
| liens on property that exist at the time we acquire the property or liens that we give to secure our paying for the property; and |
any extension or replacement of any of the above. (Section 10.04)
Limitation on Sales and Leasebacks
The indenture prohibits us from selling and leasing back any principal U.S. plant for a term of more than three years. This restriction does not apply if:
| we could create secured debt in an amount equal to the discounted value of the rent to be paid under the lease without violating the limitation on liens provision discussed above; | |
| the lease is with or between any of our subsidiaries; or | |
| within 120 days of selling the U.S. plant, we retire our funded debt in an amount equal to the net proceeds from the sale of the plant or the fair market value of the plant, whichever is greater. |
Merger and Consolidation
The indenture prohibits us from merging or consolidating with any company, or selling all or substantially all of our assets to any company, if after we do so the surviving company would violate the limitation on liens or the limitation on sales and leasebacks discussed above. This does not apply if the surviving company secures the debt securities on an equal basis with the other secured debt of the company. (Sections 8.01 and 8.03)
Events of Default and Notice Thereof
The indenture defines an Event of Default as being any one of the following events:
| failure to pay interest for 30 days after becoming due; | |
| failure to pay principal or any premium for five business days after becoming due; | |
| failure to make a sinking fund payment for five days after becoming due; | |
| failure to perform any other covenant applicable to the debt securities for 90 days after notice; | |
| certain events of bankruptcy, insolvency or reorganization; and | |
| any other Event of Default provided in the prospectus supplement. |
An Event of Default for a particular series of debt securities will not necessarily constitute an Event of Default for any other series of debt securities issued under the indenture. (Section 5.01.)
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If an Event of Default occurs and continues, the trustee or the holders of at least 25% of the total principal amount of the series may declare the entire principal amount (or, if they are Original Issue Discount Securities (as defined in the indenture), the portion of the principal amount as specified in the terms of such series) of all of the debt securities of that series to be due and payable immediately. If this happens, subject to certain conditions, the holders of a majority of the total principal amount of the debt securities of that series can void the declaration. (Section 5.02.)
The indenture provides that within 90 days after default under a series of debt securities, the trustee will give the holders of that series notice of all uncured defaults known to it. (The term default includes the events specified above without regard to any period of grace or requirement of notice.) The trustee may withhold notice of any default (except a default in the payment of principal, interest or any premium) if it believes that it is in the interest of the holders. (Section 6.01.)
Annually, we must send to the trustee a certificate describing any existing defaults under the indenture. (Section 10.06.)
Other than its duties in case of a default, the trustee is not obligated to exercise any of its rights or powers under the indenture at the request, order or direction of any holders, unless the holders offer the trustee reasonable protection from expenses and liability. (Section 6.02.) If they provide this reasonable indemnification, the holders of a majority of the total principal amount of any series of debt securities may direct the trustee how to act under the indenture. (Section 5.12.)
Defeasance and Covenant Defeasance
Unless the prospectus supplement states otherwise, we will have two options to discharge our obligations under a series of debt securities before their maturity date. These options are known as defeasance and covenant defeasance. Defeasance means that we will be deemed to have paid the entire amount of the applicable series of debt securities and we will be released from all of our obligations relating to that series (except for certain obligations, such as registering transfers of the securities). Covenant defeasance means that as to the applicable series of debt securities we will not have to comply with the covenants described above under Limitation on Liens, Limitation on Sales and Leasebacks and Merger and Consolidation. In addition, if the prospectus supplement states that any additional covenants relating to that series of debt securities are subject to the covenant defeasance provision in the indenture, then we also would not have to comply with those covenants. (Sections 14.01, 14.02 and 14.03.)
To elect either defeasance or covenant defeasance for any series of debt securities, we must deposit with the trustee an amount of money and/or U.S. government obligations that will be sufficient to pay principal, interest and any premium or sinking fund payments on the debt securities when those amounts are scheduled to be paid. In addition, we must provide a legal opinion stating that as a result of the defeasance or covenant defeasance you will not be required to recognize income, gain or loss for Federal income tax purposes and you will be subject to Federal income tax on the same amounts, in the same manner and at the same times as if the defeasance or covenant defeasance had not occurred. For defeasance, that opinion must be based on either an Internal Revenue Service ruling or a change in law since the date the debt securities were issued. We must also meet other conditions, such as there being no Events of Default. The amount deposited with the trustee can be decreased at a later date if in the opinion of a nationally recognized firm of independent public accountants the deposits are greater than the amount then needed to pay principal, interest and any premium or sinking fund payments on the debt securities when those amounts are scheduled to be paid. (Sections 14.04 and 14.05.)
Our obligations relating to the debt securities will be reinstated if the trustee is unable to pay the debt securities with the deposits held in trust, due to an order of any court or governmental authority. (Section 14.06.) It is possible that a series of debt securities for which
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Modification of the Indenture
With certain exceptions, our rights and obligations and your rights under a particular series of debt securities may be modified with the consent of the holders of not less than two-thirds of the total principal amount of those debt securities. No modification of the principal or interest payment terms, and no modification reducing the percentage required for modifications, will be effective against you without your consent. (Section 9.02.)
Global Securities
Unless otherwise stated in a prospectus supplement, the debt securities of a series will be issued in the form of one or more global certificates that will be deposited with The Depository Trust Company, New York, New York (DTC), which will act as depositary for the global certificates. Beneficial interests in global certificates will be shown on, and transfers of global certificates will be effected only through, records maintained by DTC and its participants. Therefore, if you wish to own debt securities that are represented by one or more global certificates, you can do so only indirectly or beneficially through an account with a broker, bank or other financial institution that has an account with DTC (that is, a DTC participant) or through an account directly with DTC if you are a DTC participant.
While the debt securities are represented by one or more global certificates:
| You will not be able to have the debt securities registered in your name. | |
| You will not be able to receive a physical certificate for the debt securities. | |
| Our obligations, as well as the obligations of the trustee and any of our agents, under the debt securities will run only to DTC as the registered owner of the debt securities. For example, once we make payment to DTC, we will have no further responsibility for the payment even if DTC or your broker, bank or other financial institution fails to pass it on so that you receive it. | |
| Your rights under the debt securities relating to payments, transfers, exchanges and other matters will be governed by applicable law and by the contractual arrangements between you and your broker, bank or other financial institution, and/or the contractual arrangements you or your broker, bank or financial institution has with DTC. Neither we nor the trustee has any responsibility for the actions of DTC or your broker, bank or financial institution. | |
| You may not be able to sell your interests in the debt securities to some insurance companies and others who are required by law to own their debt securities in the form of physical certificates. | |
| Because the debt securities will trade in DTCs Same-Day Funds Settlement System, when you buy or sell interests in the debt securities, payment for them will have to be made in immediately available funds. This could affect the attractiveness of the debt securities to others. |
A global certificate generally can be transferred only as a whole, unless it is being transferred to certain nominees of the depositary or it is exchanged in whole or in part for debt securities in physical form. (Section 2.05.) If a global certificate is exchanged for debt securities in physical form, they will be in denominations of $1,000 and integral multiples thereof, or another denomination stated in the prospectus supplement.
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PLAN OF DISTRIBUTION
We may sell the debt securities to or through agents or underwriters or directly to one or more purchasers.
By Agents
We may use agents to sell the debt securities. The agents will agree to use their reasonable best efforts to solicit purchases for the period of their appointment.
By Underwriters
We may sell the debt securities to underwriters. The underwriters may resell the debt securities in one or more transactions, including negotiated transactions, at a fixed public offering price or at varying prices determined at the time of sale. The obligations of the underwriters to purchase the securities will be subject to certain conditions. Each underwriter will be obligated to purchase all the debt securities allocated to it under the underwriting agreement. The underwriters may change any initial public offering price and any discounts or concessions they give to dealers.
Direct Sales
We may sell debt securities directly to you. In this case, no underwriters or agents would be involved.
General Information
Any underwriters or agents will be identified and their compensation described in a prospectus supplement.
We may have agreements with the underwriters, dealers and agents to indemnify them against certain civil liabilities, including liabilities under the Securities Act of 1933, or to contribute to payments they may be required to make.
Underwriters, dealers and agents may engage in transactions with, or perform services for, us or our subsidiaries in the ordinary course of their businesses.
LEGAL OPINIONS
John M. Rintamaki, Esq., who is our Group Vice President - General Counsel and Secretary, or another of our lawyers, will give us an opinion about the legality of the debt securities. Mr. Rintamaki owns, and such other lawyer likely would own, our Common Stock and options to purchase shares of our Common Stock.
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EXPERTS
The financial statements and schedules included in our 1998 10-K Report and in our Current Report on Form 8-K dated February 4, 2000 have been audited by PricewaterhouseCoopers LLP (PwC), independent accountants. They are incorporated by reference in this prospectus and in the registration statement in reliance upon PwCs report on those financial statements and schedules given on their authority as experts in accounting and auditing.
None of the interim financial information included in our 10-Q Reports has been audited by PwC. Accordingly, you should restrict your reliance on their reports on such information. PwCs reports on the interim financial information do not constitute reports or parts of the registration statement prepared or certified by PwC within the meaning of Sections 7 and 11 of the Securities Act of 1933.
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PART II. INFORMATION NOT REQUIRED IN PROSPECTUS
Item 16. Exhibits.
Exhibit | ||||
No. | Description | |||
Exhibit 1 | Form of Underwriting Agreement relating to the debt securities. (Filed previously). | |||
Exhibit 4.1 | Indenture dated as of February 15, 1992 between Ford and The Bank of New York (incorporated by reference to Exhibit 4.1 to Registration Statement No. 33-64247). | |||
Exhibit 4.2 | First Supplemental Indenture dated as of December 5, 1996 between Ford and The Bank of New York (incorporated by reference to Exhibit 99 to Fords Current Report on Form 8-K dated February 3, 1997, Commission file number 1-3950). | |||
Exhibit 4.3 | Form of debt security is included in Exhibit 4.1, as amended by Exhibit 4.2. Any additional form or forms of debt securities will be filed with the Commission. | |||
Exhibit 5 | Opinion of John M. Rintamaki, Group Vice President-General Counsel and Secretary of Ford, as to the legality of the debt securities registered hereunder. (Filed previously). | |||
Exhibit 12 | Calculation of Ratio of Earnings to Fixed Charges of Ford. | |||
Exhibit 15 | Letter of PricewaterhouseCoopers LLP regarding unaudited interim financial information. | |||
Exhibit 23.1 | Consent of PricewaterhouseCoopers LLP. | |||
Exhibit 23.2 | Consent of John M. Rintamaki is contained in his opinion filed as Exhibit 5 to this Registration Statement. | |||
Exhibit 24 | Powers of Attorney. (Filed previously, except for that of Henry D.G. Wallace filed herewith). | |||
Exhibit 25 | Statement of Eligibility on Form T-1 of The Bank of New York. (Filed previously). |
II-1
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant, Ford Motor Company, certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this Amendment No. 2 to Registration Statement No. 333-86035 to be signed on its behalf by the undersigned, thereunto duly authorized, in Dearborn, Michigan, on the 7th day of February, 2000.
FORD MOTOR COMPANY |
By |
JACQUES A. NASSER* | |
|
|
(Jacques A. Nasser) | |
Chief Executive Officer and President |
Pursuant to the requirements of the Securities Act of 1933, this Amendment No. 2 to Registration Statement No. 333-86035 has been signed below by the following persons in the capacities and on the dates indicated.
Signature | Title | Date | ||||
WILLIAM CLAY FORD, JR.* (William Clay Ford, Jr.) |
Director, Chairman of the Board of Directors and Chairman of the
Environmental and Public Policy Committee, the Finance Committee and the Organization Review and Nominating Committee |
February 7, 2000 | ||||
JACQUES A. NASSER* (Jacques A. Nasser) |
Director, President and Chief Executive Officer (Principal Executive Officer) |
February 7, 2000 | ||||
MICHAEL D. DINGMAN* (Michael D. Dingman) |
Director and Chairman of the Compensation and Option Committee |
February 7, 2000 | ||||
EDSEL B. FORD II* (Edsel B. Ford II) |
Director | February 7, 2000 | ||||
WILLIAM CLAY FORD* (William Clay Ford) |
Director | February 7, 2000 | ||||
IRVINE O. HOCKADAY, JR.* (Irvine O. Hockaday, Jr.) |
Director and Chairman of the Audit Committee | February 7, 2000 | ||||
MARIE-JOSÉE KRAVIS* (Marie-Josée Kravis) |
Director | February 7, 2000 | ||||
ELLEN R. MARRAM* (Ellen R. Marram) |
Director | February 7, 2000 | ||||
HOMER A. NEAL* (Homer A. Neal) |
Director | February 7, 2000 | ||||
(Jorma J. Ollila) |
Director |
II-2
Signature | Title | Date | ||||
CARL E. REICHARDT* (Carl E. Reichardt) |
Director | February 7, 2000 | ||||
(Robert E. Rubin) |
Director | |||||
JOHN L. THORNTON* (John L. Thornton) |
Director | February 7, 2000 | ||||
HENRY D.G. WALLACE* (Henry D.G. Wallace*) |
Group Vice President and Chief Financial Officer (Principal Financial Officer) |
February 7, 2000 | ||||
WILLIAM A. SWIFT* (William A. Swift) |
Vice President and Controller (Principal Accounting Officer) |
February 7, 2000 | ||||
*By /s/ LOUIS J. GHILARDI (Louis J. Ghilardi, Attorney-in-Fact) |
II-3
EXHIBIT INDEX
Sequentially | ||||||||
Exhibit | Numbered | |||||||
Number | Description | Page | ||||||
Exhibit 1 | Form of Underwriting Agreement relating to the debt securities. (Filed previously). | |||||||
Exhibit 4.1 | Indenture dated as of February 15, 1992 between Ford and The Bank of New York (incorporated by reference to Exhibit 4.1 to Registration Statement No. 33-64247). | |||||||
Exhibit 4.2 | First Supplemental Indenture dated as of December 5, 1996 between Ford and The Bank of New York (incorporated by reference to Exhibit 99 to Fords Current Report on Form 8-K dated February 3, 1997, Commission file number 1-3950). | |||||||
Exhibit 4.3 | Form of debt security is included in Exhibit 4.1, as amended by Exhibit 4.2. Any additional form or forms of debt securities will be filed with the Commission. | |||||||
Exhibit 5 | Opinion of John M. Rintamaki, Group Vice President-General Counsel and Secretary of Ford, as to the legality of the debt securities registered hereunder. (Filed previously). | |||||||
Exhibit 12 | Calculation of Ratio of Earnings to Fixed Charges of Ford. | |||||||
Exhibit 15 | Letter of PricewaterhouseCoopers LLP regarding unaudited interim financial information. | |||||||
Exhibit 23.1 | Consent of PricewaterhouseCoopers LLP. | |||||||
Exhibit 23.2 | Consent of John M. Rintamaki is contained in his opinion filed as Exhibit 5 to this Registration Statement. | |||||||
Exhibit 24 | Powers of Attorney. (Filed previously, except for that of Henry D.G. Wallace filed herewith). | |||||||
Exhibit 25 | Statement of Eligibility on Form T-1 of The Bank of New York (Filed previously). |
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