PARKS AMERICA, INC (PRKA): Entry into a Material Definitive Agreement
PARKS AMERICA, INC (PRKA) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. EX-10.4 5 ex10-4.htm EX-10.4 Exhibit 10.4 ANNEX I TO FIRST MODIFICATION OF LOAN DOCUMENTS LOAN AGREEMENT THIS LOAN AGREEMENT (this “ Agreement ”) is made and entered into effective as of September 30, 2024, by and between AGGIELAND-PARKS, INC. , a Texas corporation (“ Borrower ”)
How this was made
The 30-second read
Why it matters
A loan agreement modification can change financing costs and covenant compliance requirements; however, the excerpt provided does not show the specific modified terms.
Market read
This is a financing-document disclosure; without the specific modified economic terms, it is difficult to gauge immediate equity impact.
What to watch
Traders should verify the full exhibit for changes to interest rate, maturity, collateral, repayment schedule, and any covenant thresholds—those details drive real risk repricing.
Background
The SEC filing is an 8-K (Item 1.01) indicating Parks America entered into a material definitive agreement, with an exhibit labeled as a modification/annex to loan documents.
Ticker impact
Parks America filed an 8-K for entry into a material definitive agreement, with an exhibit describing a loan agreement modification.
Likely limited immediate impact unless the modification changes rates, maturity, or covenant headroom; watch for follow-on details in the full exhibit.
The provided excerpt is largely boilerplate definitions from the loan agreement annex; it does not include the specific economic terms or the exact modification impact.
Market effects
Minimal; this appears to be company-specific financing documentation rather than a sector-wide credit event.
None indicated; the agreement references Texas entities but no broader regional shock.
None indicated; no cross-border or macro linkage in the excerpt.
Counterpoint
The “material definitive agreement” may be a routine administrative modification with no meaningful change to economics, making the market reaction muted.
Key entities
- public_companyParks America, Inc.
Subject of the 8-K; entered into a material definitive agreement related to loan documents.
- borrower_entityAGGIELAND-PARKS, INC.
Named borrower in the loan agreement annex (Texas corporation).
- lender_entityCendera Bank
Named lender in the loan agreement annex (Texas state bank).
