Rimini Street Completes $90 Million Commercial Bank Financing And Fully Redeems Remaining Series A Preferred Stock

Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced it has closed on the previously announced $90 million five-year senior secured credit facility (the “Credit Facility”) with approximately $88 million of the borrowings used for the redemption of the remaining Series A Preferred stock and the remainder of the borrowings for related transaction costs and other general corporate purposes. Loan funding and redemption of the Series A Preferred stock were completed on July 20, 2021.