Company: CMDB
Filing Date: 2025-04-07
Form Type: 20FR12B/A
Source: 0001140361-25-012461
Chunk: 316

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-07
Form: 20FR12B/A
Chunk 316
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i) the change of the fair value of derivatives that qualify for hedge accounting (gain of $1,352), plus the settlements to net income of derivatives that qualify for hedge accounting (loss of $4,231) and (ii) reclassification of amount excluded from the interest rate caps assessment of hedge effectiveness based on an amortization approach to Interest and finance costs (gain of $1,975).

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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) 18. Subsequent Events:

| (a) | Vessel sale:On February 1, 2025, the Company decided to sell the 2008-built, 76,619 DWT capacity dry bulk vessel,Rose. The vessel is expected to be delivered to her new owners within the second quarter of 2025. |

| (b) | Related party loans:On March 14, 2025 Costamare granted a three-month extension to the $30,000 million unsecured loan facility provided to CBI on April 3, 2024, which originally matured on April 3, 2025 (Note 3(d)). Furthermore, in accordance with the Separation and Distribution agreement that CMDB intends to enter into with Costamare, all related party loans discussed in Note 3(d), will be forgiven immediately prior to the completion of the spin-off (Note 1). |

| (d) | Loan commitment:On February 14, 2025, Costamare and CBSI, as joint and several borrowers, signed a commitment letter from a European financial institution for a hunting license loan facility of up to $100,000, subject to final documentation. Costamare will be released from the commitment letter following the completion of the spin-off (Note 1). |

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COSTAMARE BULKERS HOLDINGS LIMITED INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

| Report of Independent Registered Public Accounting Firm (PCAOB Firm ID #1457)                                                                    
 Consolidated Balance Sheets as of December 31, 2023 and 2024                                                                                     
 Consolidated Statements of Income for the period from September 29, 2023 to December 31, 2023 and the year ended