Company: SUZ
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001104659-25-086037
Chunk: 34

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 424B2
Chunk 34
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 Lien securing the payment of Debt on any of its properties
or assets, whether owned at the Issue Date or thereafter acquired, other than Permitted Liens, without effectively providing that the
Notes or the Guarantee, as applicable, are secured equally and ratably with (or, if the obligation to be secured by the Lien is subordinated
in right of payment to the debt securities or any debt securities guarantees, prior to) the obligations so secured for so long as such
obligations are so secured.

<div align='center'>S-23</div>

Repurchase of Debt Securities upon a Change of Control

Not later than 30 days following
a Change of Control that results in a Rating Decline (as defined in the accompanying prospectus) for the Notes, Suzano Netherlands will
make an Offer to Purchase all outstanding Notes at a purchase price equal to 101% of the principal amount plus accrued interest to the
date of purchase.

An “Offer to Purchase”
must be made by written offer, which will specify the principal amount of Notes subject to the offer and the purchase price. The offer
must specify an expiration date (the “”) not less than 30 days or more than 60 days after the date of
the offer and a settlement date for purchase (the “”) not more than five Business Days after the expiration
date. The offer must include information concerning the business of Suzano and its Subsidiaries which Suzano Netherlands in good faith
believes will enable the holders to make an informed decision with respect to the Offer to Purchase. The offer will also contain instructions
and materials necessary to enable holders to tender Notes pursuant to the offer.

A holder may tender all or
any portion of its Notes pursuant to an Offer to Purchase, subject to the minimum denomination requirement and the requirement that any
portion of a Note tendered must be in a multiple of U.S.$1,000 principal amount. Holders are entitled to withdraw Notes tendered up to
the close of business on the expiration date. On the purchase date, the purchase price will become due and payable on each Note accepted
for purchase pursuant to the Offer to Purchase, and interest on Notes purchased will cease to accrue on and after the purchase date provided
that payment is made available on that date.

We will comply with Rule 14e-1
under the Exchange Act (to the extent applicable) and all other applicable laws and regulations in making any Offer to Purchase, and the
above procedures will