Company: SUZ
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001104659-25-086037
Chunk: 142

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 424B2
Chunk 142
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is entitled to act on behalf of the insolvency estate.

Under Austrian law, an insolvency administrator’s
role is to continue the debtor’s business with a view to enabling a potential reorganization of such business either by implementing
the debtor’s restructuring plan or by a sale of the debtor’s assets. If neither a restructuring plan nor a sale of the debtor’s
business is possible, the insolvency administrator will discontinue the debtor’s business operations. As a result of the ensuing
insolvency proceedings, the debtor’s assets will be liquidated and the proceeds realized thereby will be distributed to the debtor’s
creditors, with the debtor remaining liable for any portion of its debts not satisfied by such proceeds.

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If the debtor qualifies for self-administration,
the court will proceed with the appointment of a restructuring administrator (Sanierungsverwalter) to monitor the activities of
the debtor. In such case, certain transactions are either subject to the restructuring administrator’s approval or may be performed
only by the restructuring administrator.

Creditors (Insolvenzgläubiger) wishing
to assert their claims against the debtor must participate in the insolvency proceedings and file their claim with the competent court
within the time period set out in the court order opening the insolvency proceedings. At the respective examination hearing (Prüfungstagsatzung),
the insolvency administrator has to declare whether it acknowledges or contests each of the claims filed with the court. If the insolvency
administrator acknowledges a creditor’s claim, such creditor will be entitled to participate in the insolvency proceedings and the
pro rata distribution to unsecured creditors that will follow. If a creditor’s claim is contested by the insolvency administrator,
the creditor will have to seek enforcement of its claim in civil proceedings and only then participate in the insolvency proceedings.

Claims of unsecured creditors which were created
before the opening of the insolvency proceedings rank pari passu among themselves. Certain claims which lawfully arose against
the insolvency estate after the opening of the insolvency proceedings (privileged claims (Masseforderungen)) enjoy priority in
insolvency proceedings. This includes all taxes, fees, tariffs, social security contributions and any other public assessment concerning
the insolvency estate if and to the extent that the facts and circumstances triggering any such obligation are established during the
insolvency proceeding.

Claims which are secured by collateral, such as
a mortgage, a pledge over bank accounts or shares, an assignment of receivables