Company: SUZ
Filing Date: 2025-09-04
Form Type: 424B2
Source: 0001104659-25-087376
Chunk: 33

Company: Suzano S.A.
Filing Date: 2025-09-04
Form: 424B2
Chunk 33
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of redemption for all outstanding Notes has been given pursuant to the indenture 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 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 Netherlands to purchase the Notes 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 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 Netherlands’
then existing financial resources. There can be no assurance that sufficient funds will be available when necessary to make the required
purchase of the Notes.

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

<div align='center'>S-24</div>

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

Consolidation, Merger or Sale of Substantially All Assets

a) Neither Suzano nor Suzano
Netherlands shall, without the consent of the Holders of a majority in aggregate principal amount of the Notes, consolidate with or merge
into any other corporation or convey or transfer all or substantially all of its properties and assets to any other Person, unless:

· the
Person formed by such consolidation or into which the Suzano or Suzano Netherlands is merged or the Person which acquires by conveyance,
transfers or leases all or substantially all of the properties and assets of Suz