Rimini Street Reduces Debt and Boosts Stock Repurchase Limit Amid Growth Initiatives

Rimini Street has announced debt reduction activities totaling $10.9 million, reducing its outstanding term loan to $58.4 million as of March 31, 2026. The company's credit agreement was also amended to increase the value of permitted stock repurchases to $20 million per annum, beginning with the 2026 fiscal year. The Board had previously authorized common stock repurchases of up to $50 million, of which $36.7 million remains available until April 2029.