
SEC Form T-1
Table of Contents What Is SEC Form T-1? Understanding SEC Form T-1 Who Can File SEC Form T-1? How to File SEC Form T-1 Download SEC Form T-1 Here SEC Form T-1 is a statement of eligibility for a corporate trustee that must be filed with the U.S. Securities and Exchange Commission (SEC). SEC Form T-1 contains basic operational and personnel information about the proposed trustee, as well as its relationships with the issuer of debt and the underwriters, such as whether the issuer or any underwriter holds any of the trustee's securities and whether the trustee holds any securities of the issuer or any underwriter. Table of Contents What Is SEC Form T-1? Understanding SEC Form T-1 Who Can File SEC Form T-1? SEC Form T-1 is a statement of eligibility for a corporate trustee that must be filed with the U.S. Securities and Exchange Commission when new bonds or other debt securities are issued.

What Is SEC Form T-1?
SEC Form T-1 is a statement of eligibility for a corporate trustee that must be filed with the U.S. Securities and Exchange Commission (SEC). The form describes the entity's eligibility to act as a trustee under an indenture — a written agreement — with an issuer of debt securities, like bonds. The trustee represents those who invest in these securities. By making the trustee "go on record" and offer info about itself, Form T-1 is a step towards safeguarding the security holders' rights.





Understanding SEC Form T-1
To safeguard the rights of bondholders, issuers of debt instruments (such as bonds, notes, or debentures) are required by the Trust Indenture Act of 1939 (TIA) to retain a trustee. Governing the offering of notes, bonds, debentures, evidences of indebtedness, and certificates of interest, the TIA is a law that prohibits bond issues valued over $10 million (now updated to $50 million) from being offered for sale without a formal written agreement or indenture. Most corporate bond issues over $5 million are required to include a trust indenture.
While there are several types of indentures, one of the most common concerns debt-related investments. Specifically, it's a written agreement between the issuer of bonds, notes, or debentures and the trustee for these issues, who acts as a representative of the security holders. The indenture also specifies the terms and conditions of the debt securities, including the interest rate, maturity, any redemption terms, timing, and methods of payment, covenants, events of default, and any other specifically negotiated terms and conditions. It also outlines the duties of the issuer and the trustee.
Who Can File SEC Form T-1?
Form T-1 is filed by the issuer of the bonds (or whatever the debt securities are). It is similar to SEC Form T-2 and SEC Form T-3, except that it is used for corporate trustees instead of individual ones.
Financial institutions — usually a bank or trust company — are hired by issuers to serve as third-party trustees, for their bond issues. The entity serving as trustee acts on behalf of the bond or other security investors and complies with additional procedural safeguards.
SEC Form T-1 contains basic operational and personnel information about the proposed trustee, as well as its relationships with the issuer of debt and the underwriters, such as whether the issuer or any underwriter holds any of the trustee's securities and whether the trustee holds any securities of the issuer or any underwriter.
How to File SEC Form T-1
The issuer files Form T-1 as an exhibit to its overall registration statement when formally filing a public offering of debt securities with the SEC.
You can only satisfy an SEC filing obligation by submitting the information required electronically, using the SEC EDGAR Online Forms Management website.
Download SEC Form T-1 Here
You can get a sense of what Form T-1 looks like and requires by downloading it here. However, as noted above, the actual form must be filed electronically.
Related terms:
Issuer
An issuer is a legal entity that develops, registers and sells securities for the purpose of financing its operations. read more
SEC Form 1-A
SEC Form 1-A is a regulatory filing required for the registration of certain securities. read more
SEC Form 10
SEC Form 10 is a filing with the Securities and Exchange Commission (SEC) used to register a class of securities in preparation for potential trading on U.S. exchanges. read more
SEC Form 305B2
SEC Form 305B2 is an electronic filing with the SEC that allows for a designation of a trustee on a delayed basis under the Trust Indenture Act of 1939. read more
SEC Form 8A12BEF
SEC form 8A12BEF was used for the registration of listed bonds pursuant to Section 12(b) of the Securities Exchange Act of 1934. read more
SEC Form T-3
SEC Form T-3 is an application for the qualification of an indenture that must be filed with the Securities and Exchange Commission (SEC). read more
Securities and Exchange Commission (SEC)
The Securities and Exchange Commission (SEC) is a U.S. government agency created by Congress to regulate the securities markets and protect investors. read more
Trust Indenture
A trust indenture is an agreement in a bond contract made between a bond issuer and a trustee that represents the bondholder's interests. read more
Trustee
A trustee is a person or firm that holds or administers property or assets for the benefit of a third party. read more
Trust Indenture Act (TIA) of 1939
The Trust Indenture Act (TIA) of 1939 is a federal law that prohibits bond issues, without a formal written agreement, fully disclosing the bond's specifics. read more