---
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"
generated_at: "2026-06-30T20:32:13.013228+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Parks America subsidiary refinances $2.33M term loan, removes $2.5M cash collateral reserve

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-031293
- JSON: https://secwatch.observer/filing/0001493152-26-031293.json
- Plain text: https://secwatch.observer/filing/0001493152-26-031293.txt

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