Company: CMDB
Filing Date: 2025-04-23
Form Type: 20FR12B/A
Source: 0001140361-25-015197
Chunk: 296

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-23
Form: 20FR12B/A
Chunk 296
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 Related party loans: On April 3, 2024, on August 5, 2024, on October 17, 2024, on November 1, 2024 and on December 20, 2024, Costamare provided CBI with five unsecured loan facilities of $30,000, $20,000, $10,000, $10,000 and $15,000, respectively. Each loan facility bears fixed interest payable quarterly and each loan facility principal amount is repayable on the first anniversary of each loan facility draw-down date or on any other longer date Costamare may agree to (Note 18(b)). As of December 31, 2024, the aggregate outstanding balance of the related party loan facilities was $85,000 and the aggregate interest expense charged amounted to $1,044, which is separately reflected as Interest expense - related parties in the accompanying predecessor combined carve-out statements of operations for the year ended December 31, 2024. 4. Inventories: Inventories in the accompanying predecessor combined carve-out balance sheets relate to bunkers, lubricants and spare parts on board the vessels. 5. Vessels and advances, net: The amounts in the accompanying predecessor combined carve-out balance sheets are as follows:

|                                                        |     | Vessel Cost |     |  Accumulated 
 Depreciation |     | Net Book Value |
| Balance, January 1, 2023                               |     |    $735,800 |     |    $(50,364) |     |       $685,436 |
| Depreciation                                           |     |           — |     |      -39,621 |     |        -39,621 |
| Vessel acquisitions, advances and other vessels’ costs |     |      75,862 |     |            — |     |         75,862 |
| Vessel sales, transfers and other movements            |     |    -122,303 |     |       15,112 |     |       -107,191 |
| Balance, December 31, 2023                             |     |    $689,359 |     |    $(74,873) |     |       $614,486 |
| Depreciation                                           |     |           — |     |      -37,385 |     |        -37,385 |
| Vessel acquisitions, advances and other vessels’ costs |     |     173,017 |     |            — |     |