Rimini Street Reduces Debt and Amends Credit Agreement

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Rimini Street, Inc., a leading provider of enterprise software support and managed services, has announced first quarter debt reduction activities totaling $10.9 million, reducing the company's outstanding term loan to $58.4 million as of March 31, 2026. The company also amended its credit agreement to increase the annual value of common stock that can be repurchased to $20 million, with a revised total of $50 million in permitted stock buybacks through 2029.

Why it matters

These actions demonstrate Rimini Street's disciplined approach to managing its finances, reducing debt, and returning capital to shareholders through stock repurchases. This supports the company's long-term growth strategy and ability to invest in the business, including its innovative Agentic AI ERP solutions.

The details

During the first quarter of 2026, Rimini Street reduced its outstanding term loan by $10.9 million, bringing the total down to $58.4 million as of March 31. The company also amended its credit agreement, effective March 27, 2026, to increase the annual value of company common stock that can be repurchased to $20 million, up from the previous $10 million limit. The total permitted stock buybacks over the life of the facility, which runs through April 2029, was also increased to $50 million.

• Rimini Street reduced its outstanding term loan by $10.9 million in the first quarter of 2026.
• The company's credit agreement was amended on March 27, 2026.

What they’re saying

What’s next

Rimini Street's Board of Directors has authorized up to $50 million in common stock repurchases, of which $36.7 million remains available until April 2029.