{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-031293","form_type":"8-K/A","ticker":"PRKA","cik":"0001297937","company_name":"PARKS AMERICA, INC","filed_at":"2026-06-30T20:30:54+00:00","discovered_at":"2026-06-30T20:32:00.213435+00:00","generated_at":"2026-06-30T20:32:13.013228+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Parks America subsidiary refinances $2.33M term loan, removes $2.5M cash collateral reserve","bullets":["Aggieland-Parks, Inc. entered into $2.33M term loan with Cendera Bank, maturing June 1, 2033.","Interest rate: 1-month SOFR + 2.70% (initial 6.34%), fixed at 6.99% via rate conversion agreement.","Refinancing eliminates $2.5M cash collateral reserve previously required, improving liquidity.","Loan guaranteed by parent Parks America; financial covenant: minimum DSCR of 1.20x.","Fees and expenses of ~$14,900 paid in connection with the loan."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-031293","json":"https://secwatch.observer/filing/0001493152-26-031293.json","markdown":"https://secwatch.observer/filing/0001493152-26-031293.md","text":"https://secwatch.observer/filing/0001493152-26-031293.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1297937/000149315226031293/0001493152-26-031293-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1297937/000149315226031293/form8-ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-30T20:32:13.013228+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}