Company: CMDB
Filing Date: 2025-03-31
Form Type: 20FR12B
Source: 0001140361-25-011425
Chunk: 204

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-03-31
Form: 20FR12B
Chunk 204
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2024, we had outstanding bank loan indebtedness of $336.3 million, net of deferred financing costs of $3.0 million and $85.0 million of related party loans. Prior to the consummation the restructuring transactions, our bank debt will be reduced by $ through prepayments. Prior to the consummation of the distribution, the $85.0 million of related party loans outstanding as of December 31, 2024 will be fully forgiven. As of March 13, 2025, our owned fleet consisted of 38 dry bulk vessels (including one vessel we had agreed to sell). New Credit Facilities As of December 31, 2024, the interest rate on all of our credit facilities is based on SOFR floating rates. For more information on our Credit Facilities please see Note 7 to our predecessor combined carve-out financial statements included elsewhere in this registration statement. The following table summarizes certain terms of the New Credit Facilities, which we have entered into in connection with the spin-off and are discussed in greater detail below, as of December 31, 2024:

| Borrowers Under Our Credit    
 Facilities                    |     |       Outstanding 
  Principal Amount |     | Interest Rate(1) |     | Maturity |     | Repayment Profile                       |
|                               |     |     -Expressed in 
 thousands of U.S. 
           dollars |     |                  |     |          |     |                                         |
| Adstone Marine Corp. et al.   |     |           147,709 |     | SOFR + Margin(2) |     |     2029 |     | Straight-line amortization with balloon |
| Archet Marine Corp. et al.    |     |            72,000 |     | SOFR + Margin(2) |     |     2030 |     | Variable amortization with balloon      |
| Andati Marine Corp. et al.    |     |            84,931 |     | SOFR + Margin(2) |     |     2029 |     | Straight-line amortization with balloon |
| Silkstone Marine Corp. et al. |     |            34,611 |     | SOFR + Margin(2) |     |     2029 |     | Straight-line amortization with balloon |

| (1) | The interest rates of long-term bank debt at December 31, 2024 ranged from 5.94% to 6.12%, and the weighted average