S&P assigns Suzano Austria notes BBB-

S&P said it assigned today its BBB- issue-level rating to Suzano Austria GmbH’s proposed senior unsecured notes due 2031. Suzano Austria is a subsidiary of the Brazilian forest products company, Suzano SA, which guarantees the notes.

Suzano intends to use the proceeds to purchase the 2024 and 2025 notes issued by Fibria Overseas Finance Ltd. and the 2026 notes issued by Suzano Austria, and for general corporate purposes.

“This will extend the company’s debt maturity profile, with no changes in terms of seniority or structural subordination in its capital structure,” the agency said in a press release.

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