secwatch.observer — SEC 8-K summary
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Issuer:     Rimini Street, Inc. (RMNI)
CIK:        0001635282
Form:       8-K
Filed at:   2026-04-01T23:59:59+00:00
Accession:  0001635282-26-000027
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635282/000163528226000027/0001635282-26-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635282/000163528226000027/rmni-20260401.htm
  HTML page:      https://secwatch.observer/filing/0001635282-26-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer