Company: SUZ
Filing Date: 2025-09-04
Form Type: 424B2
Source: 0001104659-25-087376
Chunk: 120

Company: Suzano S.A.
Filing Date: 2025-09-04
Form: 424B2
Chunk 120
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 may adopt as its primary reporting accounting standard in its reports filed with the Commission pursuant to Section 13
or 15(d) of the Exchange Act.

“” means that
at any time within 90 days (which period shall be extended so long as the rating 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