6-K - Suzano S.A. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Suzano S.A.'s Board of Directors approved the 12th issuance of 179,000 unsecured, non-convertible debentures totaling BRL 179,000,000 for public distribution under automatic registration, with proceeds allocated to reimburse expenses incurred within 48 months related to a Project. The debentures have a 15-year maturity, IPCA monetary adjustment, fixed remuneration rate determined via bookbuilding, semi-annual interest payments, and annual amortization in the final three years.

Key Takeaways

1Board unanimously approved 12th debenture issuance of 179,000 debentures at BRL 1,000 nominal unit value, totaling BRL 179,000,000

2Unsecured, single series, non-convertible into shares, 15-year term from Issuance Date

3Proceeds to reimburse Project expenses incurred within 48 months per Law 12,431

4Remuneration: fixed rate per annum (252 business days), higher of IPCA+NTN-B 2040 minus 1.18% or defined rate, paid semi-annually

5Amortization in three annual installments on years 13-15; distributed via B3 with firm underwriting

6Fitch Ratings Brasil Ltda. hired as risk rating agency; optional early redemption possible after 4 years

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: 12th issuance of common debentures, not convertible into shares, unsecured, single series
Principal: BRL 179,000,000
Rate: Fixed percentage per annum based on 252 business days, higher of (i) IPCA+NTN-B maturing August 15, 2040 minus 1.18% p.a. or (ii) defined rate, paid semi-annually
Maturity: 15 years from Issuance Date
Use of Proceeds: Reimbursement of expenses/costs related to the Project incurred within 48 months from Closing Announcement per Law 12,431

Exhibits (2)

6-K

99.1

EX-99.1