---
schema_version: "secwatch.filing_event.v1"
accession: "0001635282-23-000026"
form_type: "8-K"
ticker: "RMNI"
cik: "0001635282"
company_name: "Rimini Street, Inc."
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T02:45:00.643451+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Rimini Street amends credit agreement to replace LIBOR with SOFR, adds $10M litigation cost addback for Oracle case

## Summary
- Amendment No. 4 to Credit Agreement replaces LIBOR with SOFR as reference rate, effective Feb 28, 2023.
- Consolidated EBITDA definition amended to allow addback of up to $10M in Oracle litigation costs for Q4 2022 and any period including that quarter.
- Incremental borrowings available increased to $40M, $5M higher than original agreement.
- Applicable margin unchanged: Adjusted Term SOFR + 1.75%-2.50% or Base Rate + 0.75%-1.50%, based on leverage ratio.

## SEC filing metadata
- accession: 0001635282-23-000026
- form_type: 8-K
- ticker: RMNI
- cik: 0001635282
- company_name: Rimini Street, Inc.
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1635282/000163528223000026/0001635282-23-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1635282/000163528223000026/rmni-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001635282-23-000026
- JSON: https://secwatch.observer/filing/0001635282-23-000026.json
- Plain text: https://secwatch.observer/filing/0001635282-23-000026.txt

## Key facts
- Material Agreements
  Rimini Street, Inc. amended Amendment No. 4 with Capital One, National Association, as a lender and administrative agent (effective 2023-02-22).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Capital One, National Association, as a lender and administrative agent
  - Effective: 2023-02-22
  source text: On February 22, 2023, Rimini Street, Inc. (the “ Company ”) entered into Amendment No. 4 (the “ Amendment ”) to that certain Credit Agreement dated as of July 2, 2021, as amended by Amendment No. 1 thereto dated July 20, 2021, Amendment No. 2 thereto dated January 14, 2022, and Amendment No. 3 thereto dated May 31, 2022 (as amended, restated, modified or supplemented from time to time, the “ Credit Agreement ”), among, inter alia , the Company, as borrower, certain subsidiaries of the Company as guarantors, the lenders party thereto and Capital One, National Association, as a lender and administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1635282/000163528223000026/0001635282-23-000026-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.