Company: SUZ
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001104659-25-086037
Chunk: 141

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 424B2
Chunk 141
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 be released from a portion of its debts (not to exceed 80% of the aggregate amount thereof) and to continue its business operations.
A restructuring plan has to be approved by a “qualified majority” of the debtor’s unsecured creditors. A “qualified
majority” refers to a majority of the debtor’s unsecured creditors present at the respective court hearing, provided that
such majority represents more than 50% of the aggregate amount of all claims of the unsecured creditors being present at such hearing.
Once the debtor has complied with the terms of a restructuring plan that was duly approved by the creditors and confirmed by the court,
it will be released from its remaining outstanding unsecured debts. Unsecured creditors whose claims under the restructuring plan have
not been satisfied in accordance with the plan’s terms may enforce their individual claims against the debtor, in which case the
restructuring proceedings will be continued as insolvency proceedings.

If the restructuring proceedings have been initiated
and the debtor has submitted a restructuring plan that offers a recovery rate of at least 30% to the unsecured creditors over a maximum
two-year period after the approval of such restructuring plan, the debtor qualifies for self-administration (Sanierungsverfahren mit Eigenverwaltung).

Unless the debtor qualifies for self-administration,
it is not allowed as of the date of the opening of the insolvency or the restructuring proceedings, as the case may be, to dispose of
the assets belonging to the insolvency estate (Insolvenzmasse). The opening of insolvency proceedings takes effect on the day following
the publication of the court’s order opening such proceedings in the official online database of Austrian insolvencies (www.edikte.justiz.gv.at).
After the opening of insolvency proceedings, transactions of the debtor with respect to assets belonging to the insolvency estate have
no effect against the creditors of the insolvency estate.

Upon its decision to open the insolvency proceedings,
the court will appoint an insolvency administrator (Insolvenzverwalter) and may, depending on the nature and the size of the debtor’s
business (either ex officio or upon the request of the creditors’ meeting (Gläubigerversammlung)), appoint a creditors’
committee (Gläubigerausschuss) charged with monitoring and assisting the insolvency administrator in the discharge of its
duties. After the opening of insolvency proceedings (and unless the debtor qualifies for self-administration), only the insolvency administrator