Company: SUZ
Filing Date: 2025-09-04
Form Type: 424B2
Source: 0001104659-25-087376
Chunk: 18

Company: Suzano S.A.
Filing Date: 2025-09-04
Form: 424B2
Chunk 18
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 not prohibit the granting of guarantees, in the event that we were to become
subject to a reorganization proceeding (recuperação judicialor extrajudicial) or to bankruptcy, our Guarantee,
if granted when there was already a risk of the declaration of bankruptcy, may be deemed to have been fraudulent and declared void, based
upon our being deemed not to have received fair consideration in exchange for the Guarantee. In the event of a judicial reorganization,
the Guarantee may be declared unenforceable against the Guarantor if a bankruptcy court considers that the Guarantor did not receive
fair consideration in exchange for the Guarantee. Under Brazilian law, a guarantee is considered an accessory obligation to the underlying
or principal obligation, and Brazilian law establishes that the nullity of the principal obligation causes the nullity of the accessory
obligation. Therefore, a judgment obtained in a court outside Brazil against the Guarantor for enforcement of a guarantee in respect
of obligations that have been considered null, may not be confirmed by the Superior Court of Justice of Brazil.

Expansion of the DAC or the enactment and implementation of legislation similar to ATAD or DAC in Brazil may have negative tax consequences on us.

European regulations, specifically
regulations inspired by the Anti-Tax Avoidance Directive (“ATAD”) and the Directive on Administrative Cooperation (“DAC”)
may evolve in the future. While our tax position in the Netherlands is regarded as stable over the long term, future changes in EU regulations,
including potential further clarifications or amendments of hallmarks in DAC 6, could adversely impact such tax position, which could
have an adverse effect on our financial position, results of operations and ability to make payments on the Notes.

Brazilian legislation does
not provide a clear set of rules comparable to ATAD or DAC. However, Brazil has enacted domestic legislation and entered into treaties
with other countries, such as the Double Taxation Treaty (“DTT”) signed with the Netherlands, which establish rules to
avoid double taxation and prevent tax evasion. As a result, any adverse changes in European or Brazilian tax legislation, or stricter
interpretation and enforcement of existing rules, could increase our tax burden or limit the tax efficiency of our corporate structure,
thereby reducing the cash available to service the Notes and potentially affecting our ability to meet our payment obligations under
the Notes.

<div align='center'>S-12

USE OF PROCEEDS</div>

The proceeds from this offering
are expected to be approximately US$981.2 million after estimated expenses and the under