Rimini Street Amends Credit Agreement, Updates Capital Return Limits
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Rimini Street ( (RMNI) ) has issued an announcement.
On March 27, 2026, Rimini Street, Inc. amended its Amended and Restated Credit Agreement with its lending group led by Capital One to revise the limits on permitted “Restricted Payments,” including share repurchases and similar equity-related payouts. Beginning with the fiscal year ending December 31, 2026, Restricted Payments are capped at $20 million per year, and, for payments made on and after January 1, 2026, total Restricted Payments may not exceed $50 million, subject to existing conditions in the credit facility.
Previously, annual Restricted Payments through the fiscal year ended December 31, 2025, were limited to the greater of $12.5 million and 20% of LTM Consolidated EBITDA, and aggregate Restricted Payments over the life of the facility were subject to a higher ceiling tied to up to 100% of LTM Consolidated EBITDA. The amendment refines Rimini Street’s capital return flexibility within its borrowing covenants, clarifying the scope and scale of potential stock repurchases and other equity-related cash uses while maintaining the agreed risk allocation between the company and its lenders.
The most recent analyst rating on (RMNI) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Rimini Street stock, see the RMNI Stock Forecast page.
Spark’s Take on RMNI Stock
According to Spark, TipRanks’ AI Analyst, RMNI is a Neutral.
RMNI scores mid-range: improved 2025 profitability and cash generation and a low P/E support the rating, but persistent negative equity, flat-to-declining revenue, and margin/retention pressures highlighted in the earnings call keep the overall score restrained. Technicals are moderately constructive but not decisively bullish given the stock remains below the 200-day average.
To see Spark’s full report on RMNI stock, click here.
More about Rimini Street
Rimini Street, Inc. is an enterprise software support and services company that provides third‑party maintenance and related solutions for major enterprise resource planning platforms and databases. The company focuses on helping organizations optimize IT spending by offering alternatives to traditional vendor support while maintaining compliance with financing and credit arrangements.
Average Trading Volume: 345,253
Technical Sentiment Signal: Sell
Current Market Cap: $300.7M
For detailed information about RMNI stock, go to TipRanks’ Stock Analysis page.
