Rimini Street amends credit agreement, increases annual buyback cap to $20M but caps aggregate at $50M

Rimini Street, Inc.

Annual restricted payments (buybacks/dividends) capped at $20M from FY2026, up from prior $12.5M or 20% EBITDA.
Aggregate restricted payments on/after Jan 1, 2026 fixed at $50M, removing previous 100% EBITDA floating cap.
Amendment entered March 27, 2026 with lenders Capital One, TD Bank, and U.S. Bank; no new debt issued.
Borrower reaffirms all obligations; no default exists before or after amendment.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Rimini Street, Inc. amended Amendment No. 1 with Capital One, National Association (effective 2026-03-27).

Action: amendment
Agreement: credit facility
Counterparty: Capital One, National Association
Effective: 2026-03-27

Exact text from the filing

On March 27, 2026, Rimini Street, Inc. (the “ Company ”) entered into Amendment No. 1 (the “ Amendment ”) to that certain Amended and Restated Credit Agreement dated as of April 30, 2024

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Rimini Street, Inc. filing history →

Source: SEC EDGAR

accession 0001635282-26-000027

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