Company: CMDB
Filing Date: 2025-04-07
Form Type: 20FR12B/A
Source: 0001140361-25-012461
Chunk: 308

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-07
Form: 20FR12B/A
Chunk 308
---
 |
| Less: Current portion of financing costs |     |   -873 |
| Financing costs, non-current portion     |     | $2,149 |

Financing costs represent legal fees and fees paid to the lenders for the arrangement of the Company’s financing. The amortization and write-off of loan financing costs is included in Interest and finance costs in the accompanying predecessor combined carve-out statements of operations (Note 13). 8. Operating lease Right-of-Use Assets and Liabilities: During the year ended December 31, 2024, CBI chartered-in 89 third-party vessels on short/medium/long-term time charters. The carrying value of the operating lease liabilities recognized in connection with the time charter-in vessel arrangements as of December 31, 2024 amounted to $292,596. To determine the operating lease liability at each lease commencement, the Company used incremental borrowing rates since the rates implicit in each lease were not readily determinable. For the operating charter-in arrangements that commenced during the year ended December 31, 2024, the Company used incremental borrowing rates ranging between 5.49% and 6.38% and the respective weighted average remaining lease term as of December 31, 2024 was 1.41 years. The payments required to be made after December 31, 2024 for the outstanding operating lease liabilities of the time charter-in vessel agreements with an initial term exceeding 12 months, recognized on the balance sheet, are as follows:

F-27

TABLE OF CONTENTS

COSTAMARE BULKERS HOLDINGS LIMITED PREDECESSOR Notes to Combined Carve-out Financial Statements December 31, 2023 and 2024 (Expressed in thousands of U.S. dollars, except share and per share data, unless otherwise stated)

| 12-month period ending December 31,                    
 2025                                                   |     |   Amount 
 $218,690 |
|:-------------------------------------------------------|:----|---------:|
| 2026                                                   |     |   98,693 |
| 2027                                                   |     |      384 |
| Total                                                  |     | $317,767 |
| Discount based on incremental borrowing rate           |     |  -25,171 |
| Operating lease liabilities, including current portion |     | $292,596 |

9. Accrued Charter Revenue, Current and Non-Current, Unearned Revenue, Current and Non-Current: (a) Accrued Charter Revenue, Current and Non