---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-039587"
form_type: "8-K"
ticker: "PRKA"
cik: "0001297937"
company_name: "PARKS AMERICA, INC"
filed_at: "2024-10-04T23:59:59+00:00"
generated_at: "2026-05-30T19:52:56.617763+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Parks America subsidiary refinances $2.5M term loan with Cendera; pays off prior First Financial loan

## Summary
- Aggieland-Parks entered $2.5M term loan with Cendera at Prime minus 0.50% (7.5% initial), 10-year term, 15-year amort.
- Proceeds paid off $2.39M outstanding on 2020 First Financial loan (5% fixed, $53,213 monthly).
- New loan initial monthly payment ~$23,200; secured by AWAS assets plus $2.5M cash collateral from Focus Compounding.
- Approximately $56,500 in fees and expenses paid for the refinancing.

## SEC filing metadata
- accession: 0001493152-24-039587
- form_type: 8-K
- ticker: PRKA
- cik: 0001297937
- company_name: PARKS AMERICA, INC
- filed_at: 2024-10-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1297937/000149315224039587/0001493152-24-039587-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1297937/000149315224039587/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-039587
- JSON: https://secwatch.observer/filing/0001493152-24-039587.json
- Plain text: https://secwatch.observer/filing/0001493152-24-039587.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.