Exhibit 25.1

 

 

UNITED STATES

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)

 

Truist Bank

(Exact name of trustee as specified in its charter)

 

North Carolina   56-0149200

(Jurisdiction of incorporation if

not a U.S. national bank)

 

  (I.R.S. Employer Identification No.)

223 West Nash Street

Wilson, NC 27893

 

 

27893

(Address of principal executive offices)   (Zip Code)

 

 

Patrick Giordano

Vice President

223 West Nash Street

Wilson, NC 27893

(904) 463-6762

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

 

HEICO CORPORATION

(Exact name of obligor as specified in its charter)

 

Florida   65-0341002

(Jurisdiction of incorporation)

 

(I.R.S. Employer Identification No.)

 

3000 Taft Street
Hollywood, Florida 33021

((954) 987-4000

(Address of principal executive offices)

 

 

 

Debt Securities

(Title of the indenture securities)

 

 

 

 

 

 

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.

 

    State of North Carolina – Commissioner of Banks
    State of North Carolina
    Raleigh, North Carolina
     
    Federal Reserve Bank of Richmond
    Post Office Box 27622
    Richmond, VA 23261
     
    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.

 

Based upon an examination of the books and records of the trustee and upon information furnished by the obligor, the obligor is not an affiliate of the trustee.

 

Items 3-15 No responses are included for Items 3-15. Responses to those items are not required because, as provided in General Instruction B, the obligor is not in default on any securities issued under indentures under which Truist Bank is a trustee and Truist Bank is not a foreign trustee.

 

Item 16. List of Exhibits.
   
  List below all exhibits filed as a part of this statement of eligibility; exhibits identified in parentheses are filed with the Commission and are incorporated herein by reference as exhibits hereto pursuant to Rule 7a-29 under the Trust Indenture Act of 1939, as amended, and Rule 24 of the Commission’s Rules of Practice.

 

  Exhibit 1. A copy of the Articles of Incorporation for Truist Bank. (See Exhibit 1 to Form T-1 filed with Registration Statement No. 333-267664).
  Exhibit 2. The authority of Truist Bank to commence business was granted under the Articles of Incorporation for Truist Bank. (See Exhibit 2 to Form T-1 filed with Registration Statement No. 333-267664).
  Exhibit 3. The authorization to exercise corporate trust powers was granted by the State of North Carolina Commissioner of Banks in the Authority to Act as Fiduciary without Bond Certificate. (See Exhibit 3 to Form T-1 filed with Registration Statement No. 333-267664).
  Exhibit 4. A copy of the existing By-Laws of Truist Bank. (See Exhibit 4 to Form T-1 filed with Registration Statement No. 333-267664).
  Exhibit 5. Not applicable.
  Exhibit 6. The consent of Trustee as required by Section 321(b) of the Trust Indenture Act of 1939. (See Exhibit 4 to Form T-1 filed with Registration Statement No. 333-267664).
  Exhibit 7. The Current Report of the Condition of Trustee, published pursuant to law or the requirements of its supervising or examining authority, is attached as Exhibit 7.
  Exhibit 8. Not applicable.
  Exhibit 9. Not applicable.

 

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SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939 the trustee, Truist Bank, a banking corporation organized and existing under the laws of the State of North Carolina, 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 Jacksonville and the State of Florida, on the 10th day of July, 2026.  

 

  TRUIST BANK
     
  By: /s/ Patrick Giordano
  Name: Patrick Giordano
  Title: Vice President

 

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Exhibit 7

 

CONSOLIDATED BALANCE SHEETS

TRUIST FINANCIAL CORPORATION AND SUBSIDIARIES

 

(Dollars in millions, except per share data, shares in thousands)  Dec 31, 2025   Dec 31, 2024 
Assets        
Cash and due from banks  $4,967   $5,793 
Interest-bearing deposits with banks   31,410    33,975 
Securities borrowed or purchased under agreements to resell   3,200    2,550 
Trading assets at fair value   5,790    5,100 
AFS securities at fair value   65,042    67,464 
HTM securities (fair value of $39,130 and $40,286, respectively)   47,186    50,640 
LHFS (including $1,622 and $1,233 at fair value, respectively)   1,883    1,388 
Loans and leases (including $11 and $13 at fair value, respectively)   328,595    306,383 
ALLL   (5,030)   (4,857)
Loans and leases, net of ALLL   323,565    301,526 
Premises and equipment   3,172    3,225 
Goodwill   17,125    17,125 
CDI and other intangible assets   1,256    1,550 
Loan servicing rights at fair value   3,972    3,708 
Other assets (including $1,725 and $1,271 at fair value, respectively)   38,970    37,132 
Total assets  $547,538   $531,176 
Liabilities          
Noninterest-bearing deposits  $105,092   $107,451 
Interest-bearing deposits (including $639 and $192 at fair value, respectively)   295,306    283,073 
Short-term borrowings (including $2,394 and $1,896 at fair value, respectively)   27,839    29,205 
Long-term debt   41,963    34,956 
Other liabilities (including $1,797 and $2,286 at fair value, respectively)   12,149    12,812 
Total liabilities   482,349    467,497 
Shareholders’ Equity          
Preferred stock   4,916    5,907 
Common stock, $5 par value   6,312    6,580 
Additional paid-in capital   33,663    35,628 
Retained earnings   26,067    23,777 
AOCI, net of deferred income taxes   (5,769)   (8,213)
Total shareholders’ equity   65,189    63,679 
Total liabilities and shareholders’ equity  $547,538   $531,176 
Common shares outstanding   1,262,470    1,315,936 
Common shares authorized   2,000,000    2,000,000 
Preferred shares outstanding   176    216 
Preferred shares authorized   5,000    5,000 

 

The accompanying notes are an integral part of these consolidated financial statements.

 

94 Truist Financial Corporation

 

 

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