Application for Qualification of a Trust Indenture — Form T-3
Filing Table of Contents
Document/Exhibit Description Pages Size
1: T-3 Application for Qualification of a Trust Indenture 13 68K
5: EX-99 Form T-1 of Citibank, N.A 4 20K
2: EX-99.T3C Form of Indenture 85 328K
3: EX-99.T3E.3 Notice of Guaranteed Delivery 4 19K
4: EX-99.T3F Cross-Reference Sheet 1 7K
T-3 — Application for Qualification of a Trust Indenture
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM T-3
FOR APPLICATIONS FOR QUALIFICATION OF INDENTURES UNDER THE
TRUST INDENTURE ACT OF 1939
UNITED PARCEL SERVICE OF AMERICA, INC.
--------------------------------------
(Name of Company)
55 GLENLAKE PARKWAY, N.E.
Atlanta, Georgia 30328
-----------------------
(Address of Principal Executive Offices)
SECURITIES TO BE ISSUED UNDER THE INDENTURE TO BE QUALIFIED
TITLE OF CLASS AMOUNT
-------------- ------
8 3/8 % Debentures due 2030 $700,000,000
APPROXIMATE DATE OF PROPOSED PUBLIC OFFERING: December 18, 1997.
NAME AND ADDRESS OF AGENT FOR SERVICE: Catherine Harrison, Esq., 55 Glenlake
Parkway, NE, Atlanta, Georgia 30328.
The Company hereby amends this application for qualification on such date
or dates as may be necessary to delay its effectiveness until (i) the 20th day
after the filing of a further amendment which specifically states that it shall
supersede this amendment, or (ii) such date as the Securities and Exchange
Commission, acting pursuant to Section 307(c) of the Act, may determine upon the
written request of the Company.
GENERAL
-------
1. GENERAL INFORMATION
-------------------
(A) FORM OF ORGANIZATION: Corporation.
(B) STATE OR OTHER SOVEREIGN POWER UNDER THE LAWS OF WHICH ORGANIZED:
Delaware.
2. SECURITIES ACT EXEMPTION APPLICABLE.
-----------------------------------
United Parcel Service of America, Inc., a Delaware corporation (the
"Company"), is relying upon the exemption from the registration requirements of
the Securities Act of 1933, as amended (the "Securities Act"), provided by
Section 3(a)(9) thereunder, in connection with the Company's exchange offer as
described herein (the "Exchange Offer"). The Exchange Offer is being made by
the Company pursuant to its Offering Circular dated December 18, 1997 ("Offering
Circular"), and the related Letter of Transmittal and Notice of Guaranteed
Delivery of even date therewith, and consists of an offer to exchange the
Company's $700,000,000 8 3/8% Debentures due 2030 (the "New 2030 Debentures")
for the Company's outstanding $700,000,000 8 3/8% Debentures due 2020 (the "Old
2020 Debentures").
There have not been any sales of securities of the same class as the New
2030 Debentures or the Old 2020 Debentures by the Company, nor are there any
such other sales planned, by or through an underwriter at or about the time of
the Exchange Offer transaction.
The Company retained Deutsche Morgan Grenfell ("DMG") to advise the Company
as to the structure, process and financial matters related to the Exchange
Offer. DMG's services to the Company are limited solely to such advisory
services, and DMG will not, directly or indirectly, solicit the exchange of Old
2020 Debentures for New 2030 Debentures under the Exchange Offer or otherwise
make recommendations with respect to acceptance or rejection of the Exchange
Offer. In exchange for such advisory services, DMG will be paid a flat fee
which is not dependent upon the outcome of the transaction. DMG will not be
paid any commission or similar variable type of remuneration.
The Company also has retained D.F. King & Co., Inc. as the "Information
Agent" and Citibank, N.A. as the "Exchange Agent" in connection with the
Exchange Offer. The Information Agent and Exchange Agent will provide to
holders of Old 2020 Debentures only information otherwise contained in the
Offering Circular and general information regarding the mechanics of the
exchange process. The Exchange Agent will provide the actual acceptance and
exchange services with respect to the exchange of Old 2020 Debentures and New
2030 Debentures. Neither the Information Agent nor the Exchange Agent will
solicit exchanges in connection with the Exchange Offer and will not make
recommendations as to the acceptance or rejection of the Exchange Offer. Both
the Information Agent and Exchange Agent will be paid reasonable fees directly
by the Company for their services.
There are no cash payments made or to be made by any holder of the
outstanding Old 2020 Debentures in connection with the Exchange Offer.
AFFILIATIONS
------------
3. AFFILIATES. Furnish a list or diagram of all affiliates of the Company and
----------
indicate the respective percentages of voting securities or other bases of
control.
WHOLLY-OWNED SUBSIDIARIES
-------------------------
United Parcel Service Co.
United Parcel Service Deutschland Inc.
United Parcel Service General Services Co.
United Parcel Service, Inc.
United Parcel Service, Inc.
United Parcel Service, Inc. (Virginia)
United Parcel Service Oasis Supply Corporation
UPS Internet Services, Inc.
UPS Procurement Services, Inc.
UPS Professional Services, Inc.
UPS Customhouse Brokerage, Inc.
UPS International General Services Co.
UPS International, Inc.
UPS International Forwarding, Inc.
UPS of Ireland, Inc.
UPS of Argentina, Inc.
UPS of Brazil, Inc.
UPS of Portugal, Inc.
UPS of Norway, Inc.
United Parcel Service Espana Ltd.
United Parcel Service Italia, S.R.L.
UPS of China, Inc.
UPS Logistics Group, Inc.
UPS Truck Leasing, Inc.
UPS Worldwide Logistics, Inc.
Worldwide Dedicated Services, Inc.
Diversified Trimodal, Inc.
Roadnet Technologies, Inc.
SonicAir, Inc.
UPS Worldwide Forwarding, Inc.
UPICO Corporation.
UPS Aviation Services, Inc.
Merchants Parcel Delivery
Trailer Conditions, Inc.
II Morrow, Inc.
Red Arrow Bonded Messenger Corporation
UPS Air Leasing, Inc.
Avenair Corporation
Nevair Corporation
UPS Telecommunications, Inc.
UPS Properties, Inc.
E1 Paso Distribution Center, Inc. (One)
E1 Paso Distribution Center, Inc. (Two)
Tri-State, Distribution, Inc. (One)
Tri-State, Distribution, Inc. (Two)
Tri-State, Distribution, Inc. (Three)
Tri-State, Distribution, Inc. (Four)
Tri-State, Distribution, Inc. (Five)
Vista Distribution Center, Inc. (One)
Vista Distribution Center. (Two)
Vista Distribution Center, Inc. (Three)
Vista Distribution Center, Inc. (Four)
Vista Distribution Center, Inc. (Five)
Upinsco, Inc.
Velleb, Inc.
Adi Realty Company
Alko Corporation
Bardale Company
Basplas Corporation
Brastock Corporation
Brookind Corporation
Buckroe Corporation
Burdence Corporation
Chasreal, Inc.
Cleve Company
Cova Corporation
Dakkel Corporation
Dalho Corporation
Darico, Inc.
Daven Corporation
Deerfield Corporation
Denado Corporation
Dullesport Corporation
Edison Corporation
Elsil Corporation
Evind Corporation
Fardak Corporation
Galanta Company
Kylou, Inc.
Labar Corporation
Lakefair Corporation
Mascester Company, Inc.
Maereal Company, Inc.
Mexalb Corporation
Minneagen Real Estate Company
Missjack Company
Montbill Corporation
Moroc Corporation
Newbany Corporation
Nubee, Inc.
Oshaon Corporation
Parkprop, Inc.
Penallen Corporation
Ralcar Corporation
Rockapar Corporation
Royoak, Incorporated
Sallad Corporation
Saluta Corporation
Saskan Corporation
Kacika Corporation
Socol Corporation
Solacal Company
Lacalos Corporation
Sophil Company
South Seventh Corporation
Stadiana, Inc.
Swanpor Corporation.
Temphis Corporation
Valacal Company
Verbal Corporation
Verlas Corporation
Willmanch Corporation
Wyoas Corporation
Wyld, Inc.
INTERNATIONAL SUBSIDIARIES
--------------------------
United Parcel Service Pty. Ltd.
UPS Pty. Ltd.
United Parcel Service Speditionsgesellschaft m.b.H.
UPS Transport GmbH
United Parcel Service (Bahrain) WLL
United Parcel Service Belgium N.V
United Parcel Service (Bermuda) Ltd
UPS DO Brasil & Cia
2855-8278 Quebec Inc.
724352 Ontario Inc.
United Parcel Service Canada Ltd.
United Parcel Service Cayman Islands Limited
UPS De San Jose, S.A.
UPS Denmark A/S
United Parcel Services Finland OY
United Parcel Service France S.N.C
Prost-Transports S.A. Speditionsgesellachaft gmbH
United Parcel Service Deutschland Inc.
UPS Air Cargo Service GmbH.
UPS Grundstuecksverwaltungs GmbH
UPS Transport GmbH
UPS Transport GmbH II
UPS Worldwide Logistics GmbH
UPS Parcel Delivery Service Limited
United Parcel Service CSTC Ireland Limited
United Parcel Service of Ireland Limited
United Parcel Service Italia, S.R.L.
United Parcel Service Co., Japan Branch
UPS Japan Limited
United Parcel Service Jersey Limited
United Parcel Service (M)Sdn. Bhd
United Parcel Service (Transport) Sdn. Bhd
United Parcel Service De Mexico S.A. De C.V
Prost-Transports Nederland B.V
United Parcel Service Nederland B.V
UPS Norge A/S
UPS of Norway, Inc., Oslo Branch
UPS of Portugal, Inc., Lisbon Branch
United Parcel Service Co., Singapore Branch
United Parcel Service Singapore PTE Lted
United Parcel Service Co., Korean Branch
Sociedad Iversora Sanrelman, S.A
United Parcel Service Espana Ltd. Y Compania, S.R.C
UPS Spain, S.L
United Parcel Service Sweden AB
United Parcel Service (Switzerland)
UPS International, Inc., Taiwan Branch
UPS Parcel Delivery Service Limited
Atexco (1991) Limited
Atlasair Limited
Carryfast Limited
IML Air Services Group Limited
United Parcel Service of America
UPS (UK) Limited
UPS Limited
UPS of America Limited
MANAGEMENT AND CONTROL
----------------------
4. DIRECTORS AND EXECUTIVE OFFICERS. List the names and complete mailing
---------------------------------
addresses of all directors and executive officers of the applicant and all
persons chosen to become directors or executive officers. Indicate all offices
with the applicant held or to be held by each person named.
[Download Table]
NAME ADDRESS OFFICE
---------------------- ------------------ ------------------------------------
John W. Alden 55 Glenlake Pkwy. Vice Chairman, Senior Vice
Atlanta, GA 30328 President and Director
Robert J. Clanin 55 Glenlake Pkwy. Senior Vice President, Treasurer,
Atlanta, GA 30328 Chief Financial Officer and Director
James P. Kelly 55 Glenlake Pkwy. Chairman of the Board, Chief
Atlanta, GA 30328 Executive Officer and Director
Kenneth W. Lacy 55 Glenlake Pkwy. Senior Vice President
Atlanta, GA 30328
Joseph R. Moderow 55 Glenlake Pkwy. Senior Vice President, Secretary,
Atlanta, GA 30328 General Counsel and Director
Kent C. Nelson 55 Glenlake Pkwy. Director, Former Chairman of the
Atlanta, GA 30328 Board and Former Chief Executive
Officer
Joseph M. Pyne 55 Glenlake Pkwy. Senior Vice President
Atlanta, GA 30328
Michael L. Eskew 55 Glenlake Pkwy. Senior Vice President
Atlanta, GA 30328
Edward L. Schroeder 55 Glenlake Pkwy. Senior Vice President
Atlanta, GA 30328
Lea N. Soupata 55 Glenlake Pkwy. Senior Vice President
Atlanta, GA 30328
Calvin E. Tyler, Jr. 55 Glenlake Pkwy. Senior Vice President and Director
Atlanta, GA 30328
Charles L. Schaffer 55 Glenlake Pkwy. Senior Vice President and Director
Atlanta, GA 30328
Thomas H. Weidemeyer 55 Glenlake Pkwy. Senior Vice President
Atlanta, GA 30328
William H. Brown 55 Glenlake Pkwy. Director
Atlanta, GA 30328
Carl Kayser 55 Glenlake Pkwy. Director
Atlanta, GA 30328
Gary E. MacDougal 55 Glenlake Pkwy. Director
Atlanta, GA 30328
Victor A. Pelson 55 Glenlake Pkwy. Director
Atlanta, GA 30328
John W. Rogers 55 Glenlake Pkwy. Director
Atlanta, GA 30328
Robert M. Teeter 55 Glenlake Pkwy. Director
Atlanta, GA 30328
5. PRINCIPAL OWNERS OF VOTING SECURITIES. Furnish the following information as
-------------------------------------
to each person owning 10 percent or more of the voting securities of the
applicant, as of November 30, 1997.
No person owns 10 percent or more of voting securities of the Company as of
such date.
UNDERWRITERS
------------
6. UNDERWRITERS. Give the name and complete mailing address of (a) each person
------------
who, within three years prior to the date of filing the application, acted as an
underwriter of any securities of the obligor which were outstanding on the date
of filing the application, and (b) each proposed principal underwriter of the
securities proposed to be offered. As to each person specified in (a), give the
title of each class of securities underwritten.
There are no underwriters of the securities proposed to be offered in the
Exchange Offer. Following are the underwriters identified in Section 6(a)
hereof:
A. The following were the underwriters in the Company's issuance in
January 1996 of $200 million of 5.50% Eurobond Notes due January 1999:
Merrill Lynch International Limited
Citibank International plc
Goldman Sachs International
Paribas Capital Markets
Barclays de Zoete Wedd Limited
DKB International
HSBC Markets
Morgan Stanley & Co. Incorporated
CS First Boston
Lehman Brothers
SBC Warburg
A Division of Swiss Bank Corporation
Caisse des Depots et Consignations
Dresdner Bank Aktiengesellschaft
Heritage Finance & Trust Co.
Paine Webber International (UK) Ltd.
Deutsche Morgan Grenfell
J.P. Morgan Securities Ltd.
Banca del Gottardo
CBI-TDB Union Bancaire Privee
Darier, Hentsch & Cie
IBJ International plc
UBS Limited
The mailing address for the above underwriters is: 25 Ropemaker Street, London
ECZY 9LY.
B. The following were the underwriters in the Company's issuance in
April 1996 of 200 million of 3.25% Swiss Franc Notes due October 1999:
Merrill Lynch Capital Markets AG
Credit Suisse
Union Bank of Switzerland
Cantonalbanks of Switzerland
Groupement des Banquiers Prives Genevois
Swiss Bank Corporation
Citibank (Switzerland)
Swiss Volksbank
Bank Julius Bar & Co. Ltd
Bank Leu Ltd
LGT Bank in Liechtenstein Aktiengesellschaft
Bank J. Vontobel & Co. AG
Banque Nationale de Paris (Suisse) SA
Banque Paribas (Suisse) S.A.
Deutsche Bank (Schweiz) AG
Lehman Brothers Bank (Switzerland)
Salomon Brothers International Limited
Union Bancaire Privee
Verwaltungs-und Privat-Bank Aktiengesellschaft
Bank Sarasin & CIE.
Banque Bruxelles Lambert (Switzerland) S.A.
Dai-Ichi Kangyo Bank (Schweiz) AG
Dresdner Bank (Schweiz) AG
Liechtensteinische Landesbank Aktiengesellschaft
The Industrial Bank of Japan (Switzerland) Limited
ABN Amro Bank (Schweiz)
Banca del Gottardo
Bank Cial (Schweiz)
Bank von Ernst & CIE AG
Lloyds Bank plc
Societe Generale Bank & Trust
Bdl Banco di Lugano
Coop Bank
Finter Bank Zurich
Fuji Bank (Schweiz) AG
Rud, Blass & CIE AG
Banca del Sempione
Bank Adamas AG
Bank Linth
Handelsfinanz-CCF Bank
Luzerner Landbank AG
New Japan Bank (Schweiz) AG
Sparkasse Schwyz
The mailing address for the above underwriters is: 5, Stauffacherstrasse, 8004
Zurich, Switzerland.
C. The following were the underwriters in the Company's issuance in February
1997 of 100 million of 6.875% Pound Sterling Notes due February 2000:
Merrill Lynch International
Banca del Gottardo
Citibank International plc
Darier, Hentsch & Cie, Geneva
Hambros Bank Limited
HSBC Markets
Paribas Capital Markets
SBC Warburg
Barclays de Zoete Wedd Limited
Credit Suisse First Boston
Dresdner Kleinwort Benson
HFT (GUERNSEY) LTD
Lehman Brothers
Salomon Brothers International Limited
UBS Limited
Union Bancaire Privee
The mailing address for the above underwriters is: 25 Ropemaker Street, London
ECZY 9LY.
D. The following were the underwriters in the Company's issuance in December,
1989 of $500 million of 8 3/8% Debentures due 2020:
Merrill Lynch Capital Markets
The First Boston Corporation
Salomon Brothers Inc.
The mailing address for the above underwriters is: North Tower, World Financial
Center, New York, New York 10281-1209.
E. The following were the underwriters in the Company's issuance in
April 1997 of 6.625% EuroNotes due April 2001:
Credit Suisse First Boston (Europe) Limited
Banca del Gottardo
Banque Bruxelles Lambert S.A./Bank Brussels Lambert
Banque Nationale de Paris London Branch
Citibank International plc
Deutsche Bank AG London
Dresdner Bank Aktiengesellschaft
Goldman Sachs International
Lehman Brothers International (Europe)
Merrill Lynch International
Salomon Brothers International Limited
Swiss Bank Corporation
UBS Limited
The mailing address for the above underwriters is: One Cabot Square, London
E14 4QJ.
F. The following were the underwriters in the Company's issuance in July 1997
of 6.25% Notes due July 2000:
[Download Table]
Credit Suisse First Boston (Europe) Limited Deutsche Bank AG London
Tokyo-Mitsubishi International plc Dresdner Bank Aktiengesellschaft
Credit Suisse First Boston (Europe) Limited Darier, Hentsch & Cie
Swiss Bank Corporation Goldman Sachs International
UBS Limited Heritage Finance & Trust Co.
ABN AMRO Bank N.V. J.P. Morgan Securities Ltd.
Banca del Gottardo Lehman Brothers International (Europe)
Banque Bruxelles Lambert S.A. Salomon Brothers International Limited
Banque Nationale de Paris London Branch Merrill Lynch International
Banque Paribas CIBC Wood Gundy plc
Citibank International plc Commerzbank Aktiengesellschaft
The mailing address for the above underwriters is: 25 Ropemaker Street, London
EC2Y 9LY.
CAPITAL SECURITIES
------------------
7. CAPITALIZATION. The following table sets the consolidated capitalization
--------------
of the Company as of November 30, 1997.
Title of Class Amount Authorized Amount Outstanding
------------------ ------------------ ------------------
Common Stock 900,000,000 shares 570,000
$.10 par value
Preferred Stock, 200,000,000 shares none
no par value
The Company's Common Stock is entitled to one vote per share in the election
of directors and other matters, except that, generally, any shareowner, or
shareowners acting as a group, who beneficially own more than 10% of the
Company's voting stock are entitled to only one one-hundreth of a vote with
respect to each vote in excess of 10% of the voting power of the then-
outstanding shares of voting stock. The Common Stock does not have preemptive
or other right to subscribe to additional shares. The Preferred Stock does not
have voting rights.
[Enlarge/Download Table]
ACTUAL
---------------
(000'S OMITTED)
LONG-TERM DEBT
8 3/8% debentures, due April 2020............................................................. $ 700,000
Commercial Paper.............................................................................. 592,786
5.50% Eurobond notes, due January 1999........................................................ 200,852
Industrial development bonds, Philadelphia Airport facilities, due December 2015.............. 100,000
Capital lease obligations, due 2007--2009..................................................... 558,743
3.25% 200 million Swiss Franc notes, due October 1999......................................... 166,000
6.875% 100 million Pound Sterling notes, due February 2000.................................... 165,503
6.625% EuroNotes, due April 2001.............................................................. 200,000
6.25% EuroNotes, due July 2000................................................................ 298,537
Installment notes, mortgages and bonds........................................................ 57,994
----------
Less current maturities..................................................................... 40,039
Less commercial paper to be repaid.......................................................... 70,000
----------
Total Long-Term Debt..................................................................... 2,930,376
----------
SHAREOWNERS' EQUITY
Preferred stock, no par value,
authorized 200,000,000 shares, none issued.................................................. ---
Common Stock, par value $.10 per share,
authorized 900,000,000 shares, outstanding 570,000,000 shares............................... 57,000
Additional paid-in capital.................................................................... 95,406
Retained earnings............................................................................. 6,130,145
Cumulative foreign currency adjustments....................................................... (67,640)
----------
Total Shareowners' Equity................................................................ 6,214,911
----------
$9,145,287
==========
INDENTURE SECURITIES
--------------------
8. ANALYSIS OF INDENTURE PROVISIONS. Insert at this point the analysis of
--------------------------------
indenture provisions required under Section 305(a)(2) of the Trust Indenture Act
of 1939, as amended.
For purposes of this Section 8, the "Indenture" shall refer to the
Indenture, dated as of December 18, 1997, by and between United Parcel Service
of America, Inc. and Citibank, N.A., as Trustee (the "Trustee"). Other
capitalized but otherwise undefined terms shall have the meanings ascribed
thereto in the Indenture or the Offering Circular.
(A) EVENTS OF DEFAULT
The Indenture defines an Event of Default with respect to New 2030
Debentures as being any one of the following events: (a) default in the payment
of any interest on the New 2030 Debentures when due, and the continuance of such
default for a period of 30 days; (b) default in the payment of principal of or
any premium on the New 2030 Debentures at the date on which such principal
becomes due and payable as provided in the Security or in the Indenture, whether
at the Stated Maturity or by declaration of acceleration, call for redemption or
otherwise; (c) default in the deposit of any sinking fund payment, when and as
due on the New 2030 Debentures; (d) default in the performance or breach of any
covenant or warranty a default in performance or breach of which is specifically
dealt with in the Indenture) and the continuance of such default or breach for a
period of 60 days after written notice as provided in the Indenture; or (e)
certain events involving bankruptcy, insolvency or reorganization.
The Indenture provides that if any Event of Default specified therein
shall occur and be continuing with respect to the New 2030 Debentures, other
than an Event of Default involving bankruptcy, insolvency or reorganization,
either the Trustee or the Holders of 25% in principal amount of the outstanding
New 2030 Debentures may declare the principal of the New 2030 Debentures to be
due and payable. If an Event of Default described in clause (e) above with
respect to the New 2030 Debentures at the time outstanding shall occur, the
principal amount of all of the New 2030 Debentures will automatically, and
without any action by the Trustee or any Holder, become immediately due and
payable. The Holders of a majority in aggregate principal amount of the New
2030 Debentures may, on behalf of all Holders of New 2030 Debentures, waive any
past default under the Indenture with respect to the New 2030 Debentures, except
a default (a) in the payment of principal of, or any premium or interest on, any
Security, and (b) in respect of a covenant or provision of the Indenture which
cannot be modified or amended without the consent of the Holder of each
outstanding Security.
No Holder of a Security will have any right to institute any proceeding
with respect to the Indenture, or for the appointment of a receiver or a
trustee, or for any other remedy thereunder, unless (i) such Holder has
previously given to the Trustee written notice of a continuing Event of Default
with respect to the New 2030 Debentures, (ii) the Holders of at least 25% in
aggregate principal amount of the Outstanding New 2030 Debentures has made
written request to the
Trustee to institute such proceeding as trustee (iii) the Holder or Holders have
offered to the Trustee reasonable indemnity against the costs, expenses and
liabilities to be incurred in compliance with such request, (iv) the Trustee has
failed to institute such proceeding, and has not received from the Holders of a
majority in aggregate principal amount of the outstanding New 2030 Debentures a
direction inconsistent with such request, within 60 days after such notice,
request and offer. However, such limitations do not apply to a suit instituted
by a Holder of a Security for the enforcement of payment of the principal of or
any premium or interest on such Security on or after the applicable due date
specified in such Security.
(B) AUTHENTICATION AND DELIVERY
The New 2030 Debentures shall be executed on behalf of the Company by
its Chairman of the Board, its Vice Chairman of the Board, its President or one
of its Vice Presidents, under the Company's corporate seal reproduced thereon
and attested by the Secretary or one of the Assistant Secretaries. Upon proper
delivery of New 2030 Debentures to the Trustee for authentication, the Trustee
shall authenticate and deliver such securities. The Indenture does not contain
provisions regarding the application of the proceeds from issuance of the New
2030 Debentures.
(C) RELEASE OF PROPERTY SUBJECT TO LIEN
The Company's obligations under the New 2030 Debentures are not secured by
any liens or security interests on any assets of the Company. Accordingly, the
Indenture does not contain any provisions with respect to the release or the
release and substitution of any property subject such a lien.
(D) SATISFACTION AND DISCHARGE
The Indenture shall cease to be of further effect, after certain
actions are taken, when (1) either: (i) all the New 2030 Debentures have been
delivered to the Trustee for cancellation, or (ii) all New 2030 Debentures have
(or will within one year) become due and payable or are to be redeemed within
one year, and the Company has deposited in trust funds sufficient to pay off and
discharge such outstanding New 2030 Debentures; (2) the Company has paid all
other sums required to be paid under the Indenture; and (3) the Company has
delivered an appropriate opinion of counsel.
(E) EVIDENCE OF COMPLIANCE WITH CONDITIONS AND COVENANTS
The Company will deliver to the Trustee, within 120 days after the end
of each fiscal year, a Certificate stating whether or not the Company has
fulfilled all its obligations under the Indenture throughout the year, and if a
default has occurred, providing details at to the circumstances of such
default(s). If one or more Events of Default occurs under the Indenture, the
Company shall also deliver to the Trustee a Certificate specifying such event or
other action within five Business Days of its occurrence.
9. OTHER OBLIGORS. Give the name and complete mailing address of any person,
--------------
other than the applicant, who is an obligor upon the indenture securities.
No other person is an obligor with respect to the New 2030 Debentures.
CONTENTS OF APPLICATION FOR QUALIFICATION
-----------------------------------------
This application for qualification comprises:
(a) Pages numbered one to _____________, consecutively;
(b) The statement of eligibility and qualification of the Trustee under
the Indenture to be qualified (on Form T-1);
(c) The following exhibits, in addition to those filed as a part of the
statement of eligibility and qualification of the trustee:
(i) Exhibit T3A -- The Company's Restated Certificate of
-----------
Incorporation (incorporated by reference to Exhibit 4(iv) to Form S-8
Registration Statement (Registration No. 33-19622);
(ii) Exhibit T3B -- The Company's Bylaws, as amended (incorporated by
-----------
reference to Current Report on Form 8-K, filed December 21, 1995;
(iii) Exhibit T3C -- Form of Indenture, dated as of December ___,
-----------
1997, by and between the Company and Citibank, N.A., as Trustee;
(iv) Exhibit T3D -- Not applicable;
-----------
(v) Exhibit T3E.1 -- Form of Offering Circular, dated as of December
-------------
___, 1997; [To Be Filed by Amendment]
(vi) Exhibit T3E.2 -- Form of Letter of Transmittal, dated as of
-------------
December ___, 1997; [To Be Filed by Amendment]
(vii) Exhibit T3E.3 -- Form of Notice of Guaranteed Delivery, dated as
-------------
of December ___, 1997;
(viii) Exhibit T3F -- Cross-Reference Sheet;
-----------
(ix) Exhibit 99 -- Form T-1 of Citibank, N.A.
----------
SIGNATURE
---------
Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the Company, United Parcel Service of America, Inc., a corporation
organized and existing under the laws of the State of Delaware, has duly caused
this application to be signed on its behalf by the undersigned, thereunto duly
authorized, and its seal to be hereunto affixed and attested, all in the city of
Atlanta, and State of Georgia, on the 18th day of December, 1997.
(SEAL) UNITED PARCEL SERVICE OF AMERICA, INC.
By: /s/ Ned J. Winsor
------------------------------------
Name: Ned J. Winsor
----------------------------------
Title: Assistant Treasurer - Corporate
-------------------------------
Finance
-------
Attest: /s/ Catherine Harrison
-----------------------------
Name: Catherine Harrison
-------------------------------
Title:
------------------------------
Dates Referenced Herein and Documents Incorporated by Reference
| Referenced-On Page |
|---|
| This ‘T-3’ Filing | | Date | | First | | Last | | | Other Filings |
|---|
| |  |
| Filed on: | | 12/18/97 | | 1 | | 10 | | | None on these Dates |
| | 11/30/97 | | 7 | | 8 |
| | 12/21/95 | | 12 |
| List all Filings |
4 Subsequent Filings that Reference this Filing
↑Top
Filing Submission 0000950109-97-007591 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
About — Privacy — Redactions — Help —
Wed., May 15, 12:02:32.1am ET 