Company: CMDB
Filing Date: 2025-04-23
Form Type: 20FR12B/A
Source: 0001140361-25-015197
Chunk: 314

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-23
Form: 20FR12B/A
Chunk 314
---
 in the fair value of the interest rate derivative instruments that did not qualify for hedge accounting is recorded in Gain on derivative instruments, net. During the year ended December 31, 2023, the Company entered into one interest rate cap agreement with a facility counterparty relating to the loan discussed in Note 7.9, with an aggregate notional amount of $65,779 to limit the maximum interest rate on the variable-rate debt of the mentioned loan and limit exposure to interest rate variability when three-month SOFR exceeds 2.70%. In addition, during the same period, the Company entered into one interest rate cap agreement with a facility counterparty relating to the loan discussed in Note 7.3, with an aggregate notional amount of $58,896 to limit the maximum interest rate on the variable-rate debt of the mentioned loan and limit exposure to interest rate variability when three-month SOFR exceeds 2.74%. The interest rate caps were accounted for as cash flow hedges because they are expected to be highly effective in hedging exposure to variable rate interest payments under the respective loans. The Company assessed at the

F-30

#### 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)

inception of these interest rate caps that only intrinsic value shall be included in the assessment of hedge effectiveness. The Company paid a premium of $5,835 in aggregate, representing the time value of the interest rate caps at their inception. The time value has been excluded from the assessment of hedge effectiveness and is being recognized in earnings using a systematic and rational method over the duration of the respective interest rate caps. Changes in the fair value of the interest rate caps are reported within the predecessor combined carve-out statements of comprehensive income/ loss. The interest rate caps originally matured during the period from 2026 to 2027.

During the year ended December 31, 2024, the Company terminated the interest rate caps related to the loans discussed in Notes 7.1, 7.3, 7.4 and 7.9 and received the aggregate amount of $4,694, which is included in Gain / (Loss) on derivative instruments, net in the accompanying 2024 predecessor combined carve-out statement of operations.

During the year ended December