Company: SUZ
Filing Date: 2025-09-04
Form Type: 424B2
Source: 0001104659-25-087376
Chunk: 104

Company: Suzano S.A.
Filing Date: 2025-09-04
Form: 424B2
Chunk 104
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 upon a Change of Control if (1) a third party makes the Offer to Purchase in the manner, at the times and otherwise
in compliance with the requirements set forth in the indenture applicable to an Offer to Purchase made by Suzano Austria or Suzano Netherlands
and purchases all debt securities of such series properly tendered and not withdrawn under the Offer to Purchase, or (2) notice
of redemption for all outstanding debt securities of such series has been given pursuant to the indentures as described above under the
caption “—Optional Redemption,” unless and until there is a default in payment of the applicable redemption price.

Notwithstanding anything to the contrary contained
herein, an Offer to Purchase may be made in advance of a Change of Control, conditioned upon the consummation of such Change of Control,
if a definitive agreement is in place for the Change of Control at the time the Offer to Purchase is made.

Certain existing and/or future Debt of Suzano
Austria or Suzano Netherlands may provide that a Change of Control is a default or require repurchase upon a Change of Control. Moreover,
the exercise by the noteholders of their right to require Suzano Austria or Suzano Netherlands to purchase the debt securities could
cause a default under other debt, even if the Change of Control itself does not, due to the financial effect of the purchase on Suzano
Austria or Suzano Netherlands. In addition, any remittance of funds outside of Brazil to noteholders or the Trustee may require the consent
of the Central Bank, which may not be granted. Our ability to pay cash to the noteholders following the occurrence of a Change of Control
may be limited by Suzano Austria’s or Suzano Netherlands’s then existing financial resources. There can be no assurance that
sufficient funds will be available when necessary to make the required purchase of the debt securities.

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Except as described above with respect to a Change
of Control, the applicable indenture will not contain provisions that permit the holder of the debt securities to require that Suzano
Austria or Suzano Netherlands purchase or redeem the debt securities in the event of a takeover, recapitalization or similar transaction.

The provisions under the applicable indentures
relating to Suzano Austria’s or Suzano Netherlands’s obligation to make an offer to repurchase the debt securities as a result
of a Change of Control may be waived or amended as described in “—Modification and Waiver.”

Substitution of the Iss