Company: CMDB
Filing Date: 2025-04-23
Form Type: 20FR12B/A
Source: 0001140361-25-015197
Chunk: 308

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-23
Form: 20FR12B/A
Chunk 308
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 alia, (a) first-priority mortgages over the financed vessels, (b) first priority assignments of all insurances and earnings of the mortgaged vessels and (c) corporate guarantees of Costamare or its subsidiaries, as the case may be. The loan agreements contain usual ship finance covenants, including restrictions as to changes in management and ownership of the vessels, as to additional indebtedness and as to further mortgaging of vessels, as well as minimum requirements regarding hull Value Maintenance Clauses in the range of 115% to 120% in all loans, restrictions on dividend payments if an event of default has occurred and is continuing or would occur as a result of the payment of such dividend and may also require the Company to maintain minimum liquidity, minimum net worth, interest coverage and leverage ratios, as defined.

F-26

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) The annual principal repayments under the term loans, after December 31, 2024, are in the aggregate as follows:

| 12-month period ending December 31, 
 2025                                |     |   Amount 
  $31,378 |
|:------------------------------------|:----|---------:|
| 2026                                |     |   31,378 |
| 2027                                |     |   31,378 |
| 2028                                |     |   31,378 |
| 2029                                |     |  200,761 |
| 2030 and thereafter                 |     |   12,978 |
| Total                               |     | $339,251 |

The interest rate of the Company’s term loans discussed above (inclusive of the related cost of derivatives) as of December 31, 2023 and December 31, 2024, was in the range of 2.64% - 7.57% and 5.94% - 6.12%, respectively. The weighted average interest rate of the Company’s term loans (inclusive of the related cost of derivatives) as of December 31, 2023 and December 31, 2024 was 5.8% and 6.0%, respectively. Total interest expense incurred on long-term debt including the effect of the hed