Suzano S.A. Completes $500 Million Sustainability-Linked Senior Notes Reopening

November 19, 2020

São Paulo, Brazil – Paul Hastings LLP, a leading global law firm, represented the underwriters in connection with the reopening of sustainability-linked notes by Suzano Austria GmbH and its parent guarantor, Suzano S.A., the world's leading producer of eucalyptus pulp and one of Latin America’s largest paper producers.

An aggregate amount of US$500 million of the Global Notes due 2031 were issued at a rate of 3.75%, representing a reopening of the series originally issued in September 2020. BofA Securities, Inc. and J.P. Morgan Securities LLC were the global coordinators, along with joint bookrunners Banco Bradesco BBI S.A., Banco Safra S.A., BNP Paribas Securities Corp., Credit Agricole Securities (USA) Inc., Goldman Sachs & Co. LLC, Itau BBA USA Securities, Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc., Rabo Securities USA, Inc., Santander Investment Securities Inc., Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc. and XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A. The transaction settled on November 19, 2020, with the proceeds used for general corporate purposes and debt repayment.

The Global Notes are characterized as sustainability-linked bonds with environmental key performance indicators associated with the goal of reducing Suzano’s carbon emissions by 2025, as part of Suzano's commitment and strategic vision aligning business competitiveness with sustainable development.

Partner David Flechner led the Paul Hastings team, which also included associates Carlos Ruiz and Diana Balassiano, with support from partner David Makso and associate Robert Wilson.

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