SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
October 15, 1999
(Date of Report - Date of earliest event reported)
KERR-MCGEE CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-3939 73-0311467
(State of (Commission File (IRS Employer
Incorporation) Number) Identification No.)
Kerr-McGee Center 73125
Oklahoma City, Oklahoma (Zip Code)
(Address of principal executive offices)
(405) 270-1313
(Registrant's telephone number)
<PAGE>
Item 5. Other Events
On April 23, 1999, Kerr-McGee Corporation filed a Form S-3
Registration Statement (the "Registration Statement") relating to the
registration of debt securities, preferred stock, common stock and
warrants. The Registration Statement was amended on May 24, 1999 and was
declared effective on May 25, 1999.
A copy of the Form T-1 Statement of Eligibility and
Qualification under the Trust Indenture Act of 1939 of Citibank N.A.
related to the Registration Statement is attached hereto as Exhibit 25
and is hereby incorporated by reference in such Registration Statement.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits
(c) Exhibits
25. Form T-1 Statement of Eligibility and Qualification and
the Trust Indenture Act of 1939 of Citibank, N.A.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
KERR-MCGEE CORPORATION
/s/Deborah A. Kitchens
------------------------------------
By: Deborah A. Kitchens
Vice President and Controller
Dated: October 15, 1999
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Exhibit 25
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)_______
CITIBANK, N.A.
(Exact name of trustee as specified in its charter)
13-5266470
(I.R.S employer
identification no.)
399 Park Avenue, New York, New York 10043
(Address of principal executive office) (Zip Code)
KERR-McGEE CORPORATION
(Exact name of obligor as specified in its charter)
Delaware 73-0311467
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
Kerr-McGee Center
Oklahoma City, Oklahoma 73125
(Address of principal executive offices) (Zip Code)
Debt Securities
(Title of the indenture securities)
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<PAGE>
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.
Name Address
---- -------
Comptroller of the Currency Washington, D.C.
Federal Reserve Bank of New York New York, NY
33 Liberty Street
New York, NY
Federal Deposit Insurance Corporation Washington, D.C.
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
Item 2. Affiliations with Obligor.
If the obligor is an affiliate of the trustee, describe each
such affiliation.
None.
Item 16. List of Exhibits.
List below all exhibits filed as a part of this Statement of
Eligibility.
Exhibits identified in parentheses below, on file with the
Commission, are incorporated herein by reference as exhibits
hereto.
Exhibit 1 - Copy of Articles of Association of the Trustee, as
now in effect.
(Exhibit 1 to T-1 to Registration Statement No. 2-79983)
Exhibit 2 - Copy of certificate of authority of the Trustee to
commence business.
(Exhibit 2 to T-1 to Registration Statement No. 2-29577).
Exhibit 3 - Copy of authorization of the Trustee to exercise
corporate trust powers. (Exhibit 3 to T-1 to Registration
Statement No. 2-55519)
Exhibit 4 - Copy of existing By-Laws of the Trustee. (Exhibit
4 to T-1 to Registration Statement No. 33-34988)
Exhibit 5 - Not applicable.
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<PAGE>
Exhibit 6 - The consent of the Trustee required by Section
321(b) of the Trust Indenture Act of 1939. (Exhibit 6 to T-1
to Registration Statement No. 33-19227.)
Exhibit 7 - Copy of the latest Report of Condition of
Citibank, N.A. (as of December 31, 1998 - attached)
Exhibit 8 - Not applicable.
Exhibit 9 - Not applicable.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939,
the Trustee, Citibank, N.A., 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 New York and
State of New York, on the 19th day of April, 1999.
CITIBANK, N.A.
By: /s/ P. DeFelice
--------------------------------
P. DeFelice
Vice President
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<PAGE>
Charter No. 1461
Comptroller of the Currency
Northeastern District
REPORT OF CONDITION
CONSOLIDATING
DOMESTIC AND FOREIGN
SUBSIDIARIES OF
Citibank, N.A.
of New York in the State of New York, at
the close of business on December 31,
1998, published in response to call made
by Comptroller of the Currency, under
Title 12, United States Code, Section 161.
Charter Number 1461 Comptroller of the
Currency Northeastern District.
<TABLE>
<CAPTION>
ASSETS
Thousands
of dollars
<S> <C>
Cash and balance due from depository institutions:
Noninterest-bearing balances and currency and coin . . . . . . . . . . . . . . . . . . . . . $ 8,052,000
Interest-bearing balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,782,000
Held-to-maturity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0
Available-for-sale securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37,330,000
Federal funds sold and securities purchased under agreements to resell . . . . . . . . . . . . 8,039,000
Loans and lease financing receivables:
Loans and Leases, net of unearned income . . . . . . . . . . . . . . . . . . . . . . . . . . $ 182,508,000
LESS: Allowance for loan and lease losses . . . . . . . . . . . . . . . . . . . . . . . . . 4,709,000
----------------
Loans and leases, net of unearned income, allowance, and reserve . . . . . . . . . . . . . . . $ 177,799,000
Trading assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31,683,000
Premises and fixed assets (including capitalized leases) . . . . . . . . . . . . . . . . . . . 4,022,000
Other real estate owned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 458,000
Investments in unconsolidated subsidiaries and associated companies . . . . . . . . . . . . . . 1,154,000
Customers' liability to this bank on acceptances outstanding . . . . . . . . . . . . . . . . . 1,281,000
Intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,504,000
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,791,000
----------------
TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 300,895,000
================
-4-
<PAGE>
LIABILITIES
Deposits:
In domestic offices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 39,355,000
Noninterest-bearing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 13,199,000
Interest-bearing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26,156,000
----------------
In foreign offices, Edge and Agreement subsidiaries, and IBF's . . . . . . . . . . . . . . . . 163,573,000
Noninterest-bearing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,803,000
Interest-bearing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 152,770,000
----------------
Federal funds purchased and securities sold under agreements to repurchase . . . . . . . . . . 9,752,000
Trading liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,753,000
Other borrowed money (includes mortgage indebtedness and obligations under capitalized
leases):
With a remaining maturity of one year or less . . . . . . . . . . . . . . . . . . . . . . . . 13,308,000
With a remaining maturity of more than one year through three years . . . . . . . . . . . . . 1,528,000
With a remaining maturity of more than three years . . . . . . . . . . . . . . . . . . . . . 2,110,000
Bank's liability on acceptances executed and outstanding . . . . . . . . . . . . . . . . . . . 1,382,000
Subordinated notes and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,600,000
Other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,802,000
----------------
TOTAL LIABILITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 281,163,000
================
EQUITY CAPITAL
Perpetual preferred stock and related surplus . . . . . . . . . . . . . . . . . . . . . . . . . 0
Common Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 751,000
Surplus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,397,000
Undivided profits and capital reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,356,000
Net unrealized holding gains (losses) on available-for-sale securities . . . . . . . . . . . . (113,000)
Cumulative foreign currency translation adjustments . . . . . . . . . . . . . . . . . . . . . . (659,000)
----------------
TOTAL EQUITY CAPITAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 19,732,000
----------------
TOTAL LIABILITIES, LIMITED-LIFE PREFERRED STOCK, AND EQUITY CAPITAL . . . . . . . . . . . . . . $ 300,895,000
================
</TABLE>
I, Roger W. Trupin, Controller 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.
ROGER W. TRUPIN
COMPTROLLER
We, the undersigned directors, attest to the correctness of this Report
of Condition. 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.
PAUL J. COLLINS
JOHN S. REED
WILLIAM R. RHODES
DIRECTORS
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