Company: CMDB
Filing Date: 2025-03-31
Form Type: 20FR12B
Source: 0001140361-25-011425
Chunk: 329

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-03-31
Form: 20FR12B
Chunk 329
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 Internal reorganization: On March 27, 2025, as part of an internal reorganization, Costamare contributed to CMDB the shares of 67 wholly-owned companies, out of which 38 companies own dry bulk vessels, 17 companies have previously owned and sold or have agreed to sell their dry bulk vessels and 12 companies are to be used for future dry bulk vessel acquisitions. On the same date, CMDB further contributed these 67 companies to its wholly-owned subsidiary, CBSI.

(b) 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 following the completion of the spin-off (Note 1).

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