Company: CMDB
Filing Date: 2025-04-07
Form Type: 20FR12B/A
Source: 0001140361-25-012461
Chunk: 313

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-07
Form: 20FR12B/A
Chunk 313
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F-30

#### 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)

inception of these interest rate caps that only intrinsic value shall be included in the assessment of hedge effectiveness. The Company paid a premium of $5,835 in aggregate, representing the time value of the interest rate caps at their inception. The time value has been excluded from the assessment of hedge effectiveness and is being recognized in earnings using a systematic and rational method over the duration of the respective interest rate caps. Changes in the fair value of the interest rate caps are reported within the predecessor combined carve-out statements of comprehensive income/ loss. The interest rate caps originally matured during the period from 2026 to 2027.

During the year ended December 31, 2024, the Company terminated the interest rate caps related to the loans discussed in Notes 7.1, 7.3, 7.4 and 7.9 and received the aggregate amount of $4,694, which is included in Gain / (Loss) on derivative instruments, net in the accompanying 2024 predecessor combined carve-out statement of operations.

During the year ended December 31, 2023, the Company terminated the interest rate caps related to the loans discussed in Notes 7.1, 7.2, 7.3 and 7.5 and received the aggregate amount of $5,960, which is included in Gain / (Loss) on derivative instruments, net in the accompanying 2023 predecessor combined carve-out statement of operations.

As of December 31, 2024, the Company did not hold any interest rate caps.

As of December 31, 2023, the Company had interest rate cap agreements with an outstanding notional amount of $185,403. The fair value of these derivatives outstanding as of December 31, 2023 amounted to an asset of $7,944 and these are included in the accompanying predecessor combined carve-out balance sheets. The maturity of these derivatives ranged between July 2026 and January 2027.

(b) Interest rate caps that do not meet the criteria for hedge accounting: As of December 31, 2023 and 2024, the Company did not hold any interest rate caps that do not qualify