Rimini Street Reduces Debt In Q1 By $10.9M, Amends Credit Agreement

Benzinga·04/01/2026 13:06:32

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Rimini Street, Inc. (Nasdaq: RMNI), the Software Support and Agentic AI ERP Company™, and the leading third-party support provider for Oracle, SAP and VMware software, today announced first quarter debt reduction activities and a recent amendment to its credit agreement.

Debt reduction activities during the first quarter of 2026 totaled $10.9 million, reducing the Company's outstanding term loan to $58.4 million as of March 31, 2026.
The Company's credit agreement was amended effective as of March 27, 2026 to increase to $20.0 million 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 $50.0 million 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 $50.0 million, of which $36.7 million remains available until April 2029.

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