Company: CMDB
Filing Date: 2025-04-23
Form Type: 20FR12B/A
Source: 0001140361-25-015197
Chunk: 309

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-23
Form: 20FR12B/A
Chunk 309
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ging interest rate caps (discussed in Notes 13 and 15) for the years ended December 31, 2023 and 2024 amounted to $20,551 and $18,654, respectively, and are included in Interest and finance costs, net in the accompanying predecessor combined carve-out statements of operations for the years ended December 31, 2023 and 2024, respectively. D. Financing Costs The amounts of financing costs included in the loan balances are as follows:

| Balance, January 1, 2023                 |     | $2,640 |
| Additions                                |     |    634 |
| Amortization and write-off               |     |   -972 |
| Balance, December 31, 2023               |     | $2,302 |
| Additions                                |     |  2,075 |
| Amortization and write-off               |     | -1,369 |
| Transfers and other movements            |     |     14 |
| Balance, December 31, 2024               |     | $3,022 |
| Less: Current portion of financing costs |     |   -873 |
| Financing costs, non-current portion     |     | $2,149 |

Financing costs represent legal fees and fees paid to the lenders for the arrangement of the Company’s financing. The amortization and write-off of loan financing costs is included in Interest and finance costs in the accompanying predecessor combined carve-out statements of operations (Note 13). 8. Operating lease Right-of-Use Assets and Liabilities: During the year ended December 31, 2024, CBI chartered-in 89 third-party vessels on short/medium/long-term time charters. The carrying value of the operating lease liabilities recognized in connection with the time charter-in vessel arrangements as of December 31, 2024 amounted to $292,596. To determine the operating lease liability at each lease commencement, the Company used incremental borrowing rates since the rates implicit in each lease were not readily determinable. For the operating charter-in arrangements that commenced during the year ended December 31, 2024, the Company used incremental borrowing rates ranging between 5.49% and 6.38% and the respective weighted average remaining lease term as of December 31, 2024 was 1.41 years. The payments required to be made after December 31, 2024 for the outstanding operating lease liabilities of the time charter-in vessel agreements with