Company: SUZ
Filing Date: 2025-05-01
Form Type: F-3ASR
Source: 0001104659-25-042824
Chunk: 43

Company: Suzano S.A.
Filing Date: 2025-05-01
Form: F-3ASR
Chunk 43
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 of the debt securities is under publicly announced consideration
for possible down grade by either Rating Agency) after the earlier of the date of public notice of a Change of Control and of the issuer’s
intention or that of any Person to effect a Change of Control, (i) in the event the debt securities are assigned an Investment Grade
rating by at least two of the Rating Agencies prior to such public notice, the rating of such debt securities by at least two of the Rating
Agencies shall be below an Investment Grade Rating; or (ii) in the event such debt securities are not assigned an Investment Grade
Rating by at least two of the Rating Agencies prior to such public notice, the rating of such debt securities by at least two of the Rating
Agencies shall be decreased by one or more categories, provided that there shall be no Rating Decline to the extent such debt securities
continue to have an Investment Grade Rating by at least one of the Ratings Agencies; provided that any such Rating Decline is expressly
stated by the applicable Rating Agencies to have been the result of the Change of Control.

“” means (i) with
respect to any Debt, the date specified as the fixed date on which the final installment of principal of such Debt is due and payable
or (ii) with respect to any scheduled installment of principal of or interest on any Debt, the date specified as the fixed date on
which such installment is due and payable as set forth in the documentation governing such Debt, not including any contingent obligation
to repay, redeem or repurchase prior to the regularly scheduled date for payment.

“” means with respect
to any Person, any corporation, limited liability company, partnership, association or other business entity of which more than 50% of
the outstanding Voting Stock is owned, directly or indirectly, by such Person and one or more Subsidiaries of such Person (or a combination
thereof).

“” of a Person means
Capital Stock in such Person having power to vote for the election of directors or similar officials of such Person or otherwise voting
with respect to actions of such Person (other than such Capital Stock having such power only by reason of the happening of a contingency).

“” means,
with respect to any corporate entity, any person of which 95% of the outstanding capital stock (other than qualifying shares, if any)
having by the terms thereof ordinary voting power (not dependent on the happening of a contingency) to elect the Board of Directors (or
equivalent controlling governing