Company: SUZ
Filing Date: 2025-09-02
Form Type: 424B2
Source: 0001104659-25-086037
Chunk: 143

Company: Suzano S.A.
Filing Date: 2025-09-02
Form: 424B2
Chunk 143
---
 for security purposes or a security transfer of moveable
assets (preferential claims (Absonderungsrechte)), are entitled to preferential payment in the distribution of the proceeds resulting
from the realization of the charged asset. Creditors who have a right to preferential treatment may participate in the pro rata distribution
to the unsecured creditors only to the extent that the proceeds from the realization of the assets charged to them did not cover their
claims or if they have waived their right to preferential treatment. Secured creditors do not have a voting right with respect to the
approval of the restructuring plan to the extent their claim is covered by security. Claims relating to the payment of taxes, social security
contributions and employee compensation are not, as such, privileged or preferential claims under Austrian law.

The costs of the insolvency proceedings and certain
liabilities accrued during such proceedings constitute privileged claims (Masseforderungen) and rank senior to all other insolvency
claims (Insolvenzforderungen). Claims of creditors with a right of segregation of assets (Aussonderungsberechtigte), such
as creditors with a retention of title or trustees, remain unaffected by the opening of insolvency proceedings.

Once insolvency proceedings have been opened it
is no longer possible to obtain an execution lien with respect to assets belonging to the insolvency estate. All execution proceedings
against the debtor are subject to an automatic stay during the duration of the insolvency proceeding (Vollstreckungssperre). Execution
liens obtained within the last 60 days prior to the opening of insolvency proceedings expire upon the opening of such insolvency proceedings.

An Austrian court may appoint a trustee (Kurator)
for the Austrian Debt Securities issued by Suzano Austria to exercise the rights and represent the interests of holders of Austrian Debt
Securities on their behalf in which case the ability of holders of Austrian Debt Securities to pursue their rights under the Austrian
Debt Securities individually may be significantly limited. Pursuant to the Austrian Notes Trustee Act (Kuratorengesetz), a trustee
may be appointed upon the request of any interested party (e.g. a holder of the Notes) or upon the initiative of the competent court,
for the purposes of representing the common interests of the holders in matters concerning their collective rights. In particular, this
may occur if insolvency proceedings are initiated against Suzano Austria, in connection with any amendments to the terms and conditions
of the Austrian Debt Securities or changes relating to Suz