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Suzano (SUZB3) announces R$5.9 billion bond offering; see how it will work

The board of directors of Suzano (SUZB3) has approved the execution of its eleventh bond issue, in the amount of R$5.9 billion.

As announced this Friday (17), this value refers to the issuance of a maximum of 5.9 million Suzano Bonds. The unit price of each of them is R$ 1,000.00.

Of this total, R$ 1 billion refers to bonds from the first series of Suzano’s offer. Furthermore, R$4 billion refers to bonds from the second series. Finally, the issue also includes a third series, for a total value of R$900 million.

The money raised with this issue will be used to refinance and extend the company’s debt profile, relating to the bonds that make up the first and second series.

“The net resources obtained by the company with the incentive bonds will be entirely allocated to the development, construction and management of an investment project,” Suzano explains in a statement.

Everything is fine Suzano bond will be the subject of a public distribution offer, which will be carried out in accordance with the registration process, in accordance with the terms of the Securities and Exchange Commission (CVM).

The offering and payment of the notes are subject to market conditions, as well as “compliance with applicable contractual, regulatory and regulatory requirements.”

Susano result

Recently, Suzano announced its new balance sheet, reporting a profit of R$220 million in the first quarter of 2024 (1Q24), a decline of 96% compared to the same period of 2023 (1Q23).

The fall inside Susanna’s results in 1Q24 this was due to a “negative change in financial results”, with the impact of exchange rate devaluation on debt and derivatives operations, as well as a decline in operating results.

The company’s net revenue amounted to R$4.5 billion, a decrease of 16% compared to the previous year.

This decline is attributed, according to the balance of Suzano, at the lowest average price of wood pulp in dollars (-14%) and paper (-9%). This decline was also motivated by the devaluation of the dollar against the real.

Source: Terra

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