{"filing":{"accession_number":"0001493152-26-029952","cik":"0001297937","ticker":"PRKA","company_name":"PARKS AMERICA, INC","form":"8-K","filing_date":"2026-06-24","report_date":null,"primary_document":"form8-k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1297937/000149315226029952/form8-k.htm"},"events":[{"id":13608,"run_id":12085,"accession_number":"0001493152-26-029952","anchor_item_number":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"summary":"The filing discloses a refinancing transaction (First Modification of Term Loan Agreement) on June 17, 2026, creating a new $2.33 million direct financial obligation with Cendera Bank maturing June 1, 2033. Although technically a modification of an existing loan, the 8-K Item 1.01 classification and the detailed disclosure of new material terms (interest rate structure, amortization, covenants, guaranty) indicate this is a material amendment creating substantively new debt obligations. The removal of the $2.5 million cash collateral reserve requirement and the interest rate swap arrangement further support materiality to investors.","company_name":"PARKS AMERICA, INC","ticker":"PRKA","filing_date":"2026-06-24","form":"8-K","submitted_at":null,"items":null}],"classifications":[{"id":10791,"accession_number":"0001493152-26-029952","item_number":null,"item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"The filing discloses a refinancing transaction (First Modification of Term Loan Agreement) on June 17, 2026, creating a new $2.33 million direct financial obligation with Cendera Bank maturing June 1, 2033. Although technically a modification of an existing loan, the 8-K Item 1.01 classification and the detailed disclosure of new material terms (interest rate structure, amortization, covenants, guaranty) indicate this is a material amendment creating substantively new debt obligations. The removal of the $2.5 million cash collateral reserve requirement and the interest rate swap arrangement further support materiality to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-24T21:15:44.101730+00:00","company_name":"PARKS AMERICA, INC","ticker":"PRKA","filing_date":"2026-06-24"}]}