Recent Updates — PRKA

Parks! America, Inc., through its wholly owned subsidiary Wild Animal Safari, Inc., entered into a $1.30 million term loan credit agreement with Cendera Bank on August 26, 2026. The proceeds were used to repay existing indebtedness under a prior agreement with Synovus Bank. The seven-year loan matures on September 1, 2033, with a balloon payment of the outstanding principal due at that time. Although initially based on CME 1-month term SOFR plus 2.70%, a subsequent Rate Conversion Agreement fixed the interest rate at 7.35%. The initial estimated monthly payment is $9,570, and approximately $39,000 in fees were paid. The loan is secured by substantially all of Wild Animal Safari’s assets and guaranteed by Parks! America, Inc., subject to a minimum Debt Service Coverage Ratio covenant of 1.20 to 1.00. Parks! America operates amusement parks and wildlife attractions.

Parks! America, Inc. reported financial results for the third fiscal quarter ended June 28, 2026. Consolidated total revenue increased slightly to $3,499,303 from $3,475,920 in the prior year period. Segment operating income declined to $1,426,892 compared to $1,538,950 previously, driven by higher personnel and other segment expenses across its Georgia, Missouri, and Texas park locations. Income before taxes fell to $930,618 from $1,084,599. The company will host a conference call on August 10, 2026, at 4:30 PM ET to discuss these results. Parks! America, Inc. owns and operates regional safari parks in the United States.