Registration No. 333-172662

 

 

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)

 

 

U.S. BANK NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

 

31-0841368

I.R.S. Employer Identification No.

 

 

Donald T. Hurrelbrink

U.S. Bank National Association

60 Livingston Avenue

St. Paul, MN 55107

(651) 495-3918

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

 

BEST BUY CO., INC.

(Issuer with respect to the Securities)

 

 

 

Debt Securities

(Title of the Indenture Securities)

 

 

 

FORM T-1

 

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

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

 

Items 3-15                                     Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

 

Item 16.                          LIST OF EXHIBITS:  List below all exhibits filed as a part of this statement of eligibility and qualification.

 

1.              A copy of the Articles of Association of the Trustee.*

 

2.              A copy of the certificate of authority of the Trustee to commence business, attached as Exhibit 2.

 

3.              A copy of the certificate of authority of the Trustee to exercise corporate trust powers, attached as Exhibit 3.

 

4.              A copy of the existing bylaws of the Trustee.**

 

5.              A copy of each Indenture referred to in Item 4.  Not applicable.

 

6.              The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

 

7.              Report of Condition of the Trustee as of December 31, 2012 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

 

*                       Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.

**                Incorporated by reference to Exhibit 25.1 to registration statement on S-4, Registration Number 333-166527 filed on May 5, 2010.

 

2

 

SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. 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 and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of St. Paul, State of Minnesota on the 11th of  July, 2013.

 

	By:	/s/ Donald T. Hurrelbrink
		Donald T. Hurrelbrink
		Vice President

 

3

 

Exhibit 2

 

 

 

Exhibit 3

 

 

 

Exhibit 6

 

CONSENT

 

In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

 

 

Dated: July 11th, 2013

 

 

	By:	/s/ Donald T. Hurrelbrink
		Donald T. Hurrelbrink
		Vice President

 

 

Exhibit 7

 

U.S. Bank National Association

Statement of Financial Condition

As of 3/31/2013

 

($000’s)

 

		3/31/2013
Assets
Cash and Balances Due From Depository Institutions		$	6,932,431
Securities		74,769,168
Federal Funds		45,892
Loans & Lease Financing Receivables		218,577,592
Fixed Assets		5,068,178
Intangible Assets		12,739,644
Other Assets		27,654,064
Total Assets		$	345,786,969
Liabilities
Deposits		$	251,849,922
Fed Funds		3,545,914
Treasury Demand Notes		0
Trading Liabilities		512,718
Other Borrowed Money		32,387,140
Acceptances		0
Subordinated Notes and Debentures		4,736,320
Other Liabilities		12,747,015
Total Liabilities		$	305,779,029
Equity
Common and Preferred Stock		18,200
Surplus		14,133,290
Undivided Profits		24,357,498
Minority Interest in Subsidiaries		$	1,498,952
Total Equity Capital		$	40,007,940
Total Liabilities and Equity Capital		$	345,786,969