Company: SUZ
Filing Date: 2025-09-04
Form Type: 424B2
Source: 0001104659-25-087376
Chunk: 12

Company: Suzano S.A.
Filing Date: 2025-09-04
Form: 424B2
Chunk 12
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 an equal and ratable basis with
the Notes and the Guarantee. If the Issuer or the Guarantor or any of their respective subsidiaries incur additional debt or guarantees
that rank on an equal and ratable basis with their respective indebtedness or Guarantee, as the case may be, the holders of that debt
(and beneficiaries of those guarantees) would be entitled to share ratably with the holders of the Notes in any proceeds that may be
distributed upon the Guarantor’s bankruptcy, insolvency, liquidation, reorganization, dissolution or other winding up. This would
likely reduce the amount of any liquidation proceeds that would be available to you.

The Guarantor’s obligations under the Guarantee will be junior to the Guarantor’s secured debt obligations as well as to other statutory preferences, effectively junior to debt obligations of the Guarantor’s subsidiaries and adversely affected by the solvency or insolvency of the Guarantor’s subsidiaries.

The Guarantee will constitute
senior unsecured obligations of the Guarantor. The Guarantee will rank equal in right of payment with all of the Guarantor’s other
existing and future senior unsecured indebtedness. Although the Guarantee will provide the holders of the Notes with a direct, but unsecured,
claim on the Guarantor’s assets and property, payment on the Guarantee under the Notes will be subordinated to the secured debt
of the Guarantor to the extent of the assets and property securing such debt, as well as to other statutory preferences, including post-petition
claims, claims for salaries, wages, social security, taxes and court fees and expenses, among others.

Payment on the Guarantee
under the Notes will also be structurally subordinated to the payment of secured and unsecured debt and other obligations of the Guarantor’s
subsidiaries. In the event of a bankruptcy, liquidation or judicial or extrajudicial reorganization of any of the Guarantor’s respective
subsidiaries, holders of their indebtedness and their trade creditors will generally be entitled to payment in full of their claims from
the assets of those subsidiaries before any assets are made available for distribution to the Guarantor.

Upon a liquidation or reorganization
of the Guarantor, any right of the holders of the Notes to participate in the assets of the Guarantor, including the capital stock of
its subsidiaries, will be subject to the prior claims of the Guarantor’s secured creditors, as well as to other statutory preferences,
including post-petition claims, claims for salaries, wages, social security,