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

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

07/21/21, 5:56 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svglas vegas
Money raised
$90 million
Round Type
series a
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.

Company Info

Company
Rimini Street
Location
las vegas, south carolina, united states
Additional Info
Rimini Street enterprise software third-party support, maintenance, and management for Oracle, SAP, Microsoft, Salesforce and IBM. Contact us today!