Rimini Street has deployed $30.9 million during fiscal 2026 toward debt reduction and share repurchases as the enterprise software support company continues strengthening its balance sheet while returning capital to shareholders.
The company recently prepaid an additional $5 million of its term loan during the fiscal third quarter.
That payment brings total fiscal year-to-date term loan reduction to $25.9 million and lowers the outstanding term loan balance to $43.4 million.
Rimini Street has also completed approximately $5 million of additional common stock repurchases.
The company purchased 970,566 shares at an average price of $5.16 per share.
Together, those actions bring total year-to-date capital return and balance sheet optimization activity to approximately $30.9 million.
The strategy combines direct debt reduction with repurchases of outstanding shares.
Reducing term loan borrowings can lower future interest costs and financial leverage, while stock repurchases decrease shares outstanding and can increase the ownership percentage represented by remaining shares.
Rimini Street said it is balancing those uses of capital with the need to maintain enough financial flexibility to invest in growth priorities.
The company provides enterprise software support, managed services and Agentic AI ERP technology and positions itself as a major third-party support provider for Oracle, SAP and VMware software.
Its customer base includes Fortune Global 100 companies, Fortune 500 businesses, mid-market organizations, public-sector entities and government agencies.
Rimini Street has increasingly positioned its broader strategy around helping customers redirect portions of their enterprise software spending toward AI and other technology investments.
The company’s latest balance sheet actions indicate that management is also prioritizing internal capital efficiency as it expands those services.
With $25.9 million of debt repaid year-to-date and another $5 million deployed toward share repurchases, Rimini Street has reduced its term loan balance while continuing to invest in its strategic growth initiatives.
KEY QUOTE:
“With $30.9 million already allocated to capital return and balance sheet optimization year-to-date in fiscal 2026, we have enhanced stockholder value, further reduced our debt and strengthened the balance sheet while preserving the financial flexibility to invest in our strategic growth priorities.”
Michael Perica, Executive Vice President And CFO Of Rimini Street
