Suzano Austria to price global notes due 2028; talk 3.1% area

By Rebecca Melvin and Cristal Cody

Concord, N.H., Sept. 8 – Suzano Austria GmbH plans to offer global notes due Sept. 15, 2028 guaranteed by Suzano SA, according to a 424B2 filing with the Securities and Exchange Commission.

Price talk is in the 3.1% area, according to a market source.

The notes will bear interest at a fixed rate initially. The rate will increase by 25 basis points, unless the company meets its women in leadership positions sustainability performance target; and will step up by a further 25 bps unless the company meets its industrial water withdrawal intensity sustainability performance target.

The notes are callable in whole at par.

BNP Paribas Securities Corp., BofA Securities Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Rabo Securities USA Inc. and Scotia Capital (USA) Inc. are global coordinators and joint bookrunners together with bookrunners Banco Bradesco BBI SA, Credit Agricole Securities (USA) Inc., MUFG and SMBC Nikko Securities America Inc.

Proceeds will be used for debt refinancing and general corporate purposes.

The company plans to list the notes on the New York Stock Exchange.

The issuer is a Vienna-based subsidiary of Suzano. The Brazilian pulp and paper company is based in Sao Paulo.

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