Parks! America unit Wild Animal Safari Georgia signs $1.3 million term loan with Cendera Bank, fixes rate at 7.35%

Reuters2026/09/09 21:18

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Parks! America unit Wild Animal Safari-Georgia closed a USD 1.3 million term loan with Cendera Bank to refinance a 2021 Synovus loan.
Loan matures Sept. 1, 2033 with 25-year amortization and a balloon payment at maturity.
Rate set at 1-month term SOFR + 2.7%, initially 6.37%; later converted to a 7.35% fixed rate via SouthState Bank.
Secured by substantially all Wild Animal Safari-Georgia assets; Parks! America guarantees the facility.
Minimum debt-service coverage ratio covenant of 1.2x on a trailing 12-month basis for both borrower and guarantor.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Parks! America Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-041987), on September 09, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Parks! America unit Wild Animal Safari Georgia signs $1.3 million term loan with Cendera Bank, fixes rate at 7.35%

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