Rimini Street announces debt reduction, amendment to credit agreement

Rimini Street (RMNI) announced first quarter debt reduction activities and a recent amendment to its credit agreement. Debt reduction activities during the first quarter of 2026 totaled $10.9M, reducing the Company’s outstanding term loan to $58.4M as of March 31, 2026. The Company’s credit agreement was amended effective as of March 27, 2026 to increase to $20M the value of Company common stock that could be repurchased per annum, beginning with the Company’s 2026 fiscal year and for each fiscal year thereafter, with a revised total of $50M in permitted stock repurchases from the period beginning January 1, 2026 through the maturity of the facility on April 30, 2029. The Company’s Board previously authorized common stock repurchases of up to $50M of which $36.7M remains available until April 2029.