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

Rimini Street, Inc. (Nasdaq: RMNI) announced a debt reduction of $10.9 million in Q1 2026, bringing its outstanding term loan to $58.4 million as of March 31, 2026. Additionally, the company amended its credit agreement to allow for annual stock repurchases of up to $20 million, totaling $50 million permitted through April 30, 2029. Currently, $36.7 million remains available for repurchase until the maturity of the facility.