6-K - Suzano S.A. | StockGist

AI Analysis

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Suzano S.A.'s Board of Directors approved the 2nd issuance of financial liquidation rural product notes (CPR-Fs) in up to two series totaling BRL 2,500,000,000 for public distribution under automatic registration, with proceeds for formation and exploitation of homogeneous forests and conservation of native forests.

Key Takeaways

1Board unanimously approved issuance of 2,500,000 CPR-Fs at BRL 1,000 nominal unit value, total BRL 2,500,000,000

2First Series: max 1,500,000 CPR-Fs (BRL 1,500,000,000), 10-year maturity

3Second Series: min 1,000,000 CPR-Fs (BRL 1,000,000,000), 12-year maturity

4Monetary adjustment by IPCA; remuneration semi-annual, rate set via bookbuilding as max of NTN-B IRR plus spread or defined rate

5Firm underwriting guarantee; deposited at B3 for distribution and trading

6Use of proceeds: formation/exploitation of homogeneous forests and native forest conservation

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

Transaction Details

Debt / Financing

Instrument: Financial Liquidation Rural Product Notes (CPR-Fs), book-entry, up to 2 series
Principal: BRL 2,500,000,000
Rate: Highest of (i) IPCA+ NTN-B IRR (First Series: May 15, 2035 -0.60%; Second Series: Aug 15, 2040 -0.55%) or (ii) percentage defined at bookbuilding, per annum on 252 business days
Maturity: First Series: 10 years from Issuance Date; Second Series: 12 years from Issuance Date
Use of Proceeds: formation and exploitation of homogeneous forests, as well as the conservation of native forests

Exhibits (2)

6-K

99.1

EX-99.1