Suzano plans $100 million add-on to Suzano Austria 7% notes due 2047

By Rebecca Melvin

New York, Sept. 5 – Suzano Papel e Celulose SA plans to add $100 million on to the existing Suzano Austria GmbH 7% notes due 2047, bringing the total deal size of $400 million, according to a company news release.

Proceeds will be used to finance all or part of a concurrent tender for $100 million of Suzano’s 5 7/8% senior notes due 2021, an issue with $645.7 million currently outstanding.

The tender offer expires on Oct. 2.

J.P. Morgan Securities LLC, Santander Investment Securities Inc., BB Securities Ltd., Itau BBA USA Securities, Inc. and Mizuho Securities USA LLC are dealer managers of the tender and new notes, and they will be initial purchasers of the new notes.

The original Rule 144A and Regulation S notes, which priced in April, are trading at just under 109.5.

Suzano is a pulp and paper company based in Salvador, Brazil.

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