Suzano Austria plans notes due 2032 with sustainability-linked coupon

By Marisa Wong

Los Angeles, June 28 – Suzano Austria GmbH plans to offer global notes due Jan. 15, 2032 (BBB-) guaranteed by Suzano SA, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will bear interest at a fixed rate initially. That rate will increase by 12.5 basis points on July 16, 2026, unless the company meets its women in leadership positions sustainability performance target; and will step up by a further 12.5 bps on July 16, 2027, unless the company meets its industrial water withdrawal intensity sustainability performance target.

The notes will be 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., Scotia Capital (USA) Inc., Credit Agricole Securities (USA) Inc., Goldman Sachs Bank Europe SE, MUFG and SMBC Nikko Securities America, Inc. are the joint bookrunners. BNP Paribas, BofA Securities, JPMorgan, Mizuho Securities, Rabo Securities and Scotiabank are also global coordinators.

Proceeds will be used to repay existing debt, including maturing obligations under some export pre-payment agreements and the 5¼% senior notes due May 2024 issued by Fibria Overseas Finance Ltd., and otherwise for general corporate purposes.

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

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