Company: SUZ
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001104659-25-086037
Chunk: 13

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 424B2
Chunk 13
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 rating is issued. An explanation of the significance
of such rating may be obtained from such rating agency. There can be no assurance that such credit ratings will remain in effect for any
given period of time or that such ratings will not be lowered, suspended or withdrawn entirely by the rating agencies, if, in each rating
agency’s judgment, circumstances so warrant. Actual or anticipated changes or downgrades in our credit ratings, including any announcement
that our ratings are under further review for a downgrade, could affect the market value of the Notes and increase our corporate borrowing
costs.

Developments in other countries may affect prices for the Notes.

The market for securities
issued by Brazilian companies is influenced by economic and market conditions in Brazil, and, to varying degrees, market conditions in
other countries, including Latin American and developing countries. Although economic conditions are different in each country, the reaction
of investors to developments in one country may cause the capital markets in other countries to fluctuate. Developments or conditions
in other countries, including developing countries, have at times significantly affected the availability of credit in the Brazilian economy
and resulted in considerable outflows of funds and declines in the amount of foreign currency invested in Brazil, as well as limited access
to international capital markets, all of which may materially adversely affect our ability to borrow funds at an acceptable interest rate
or to raise equity capital when and if there should be a need for us to do so. See “Risk Factors—Economic and market conditions
in other countries, including in the United States and emerging market countries, may materially and adversely affect the Brazilian economy
and, therefore, our financial condition” in Suzano’s 2024 Form 20-F.

<div align='center'>S-8</div>

The volatility in market prices
for Brazilian securities, including debt securities such as the Notes, has increased from time to time, and investors’ perception
of increased risk due to crises in other countries, including developing countries, may also lead to a reduction in the market price of
the Notes.

We may incur additional indebtedness, including debt ranking equal to the Notes and the Guarantee.

The indenture will permit
the Issuer and the Guarantor and its subsidiaries to incur additional debt, including debt that ranks on an equal and ratable basis with
the Notes and the Guarantee. If the Issuer or the Guarantor or any of their respective subsidiaries incur additional debt or guarantees
that rank on an equal and ratable basis with their respective indebtedness or Guarantee