Brazil’s Suzano tenders for $300 million of 5 7/8% notes due 2021

By Wendy Van Sickle

Columbus, Ohio, Nov. 6 – Suzano Trading Ltd. is tendering for up to $300 million principal amount of its $499.47 million principal amount of outstanding 5 7/8% senior notes due 2021.

The company is also soliciting consents to eliminate substantially all restrictive covenants and certain of the events of default contained in the note indenture.

The total purchase price will be $1,090 for each $1,000 principal amount of notes tendered and consents delivered by 5 p.m. ET on Nov. 17, the early tender date.

The total amount includes an early tender premium of $30.00 per $1,000 principal amount of notes tendered by the early deadline.

Holders may not tender notes without delivering consents and may not deliver consents without tendering their notes.

Holders who tender and deliver consents after the early deadline will receive the total payment less the early premium.

The issuer also will pay accrued interest to but excluding the settlement date.

The tender will remain open until 11:59 p.m. ET on Dec. 4.

If the tender cap is exceeded, notes may be accepted on a pro rata basis.

D.F. King & Co., Inc. (212 269-5550, 800 967-7574 or suzano@dfking.com) is the tender agent and information agent. J.P. Morgan Securities LLC (866 846-2874 or 212 834-7279), Santander Investment Securities Inc. (855 404-3636 or 212 940-1442), BB Securities Ltd. (+44 20 7367 5803 or bbssettlements@bb.com.br), Banco Bradesco BBI SA (+55 11 3847 5219) and SMBC Nikko Securities America Inc. (888 868-6856 or 212 224-5417) are the dealer managers and solicitation agents.

Suzano is a manufacturer and trader of short-fiber pulp eucalyptus and paper based in Sao Paulo, Brazil.

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