Rimini Street, a global provider of third-party enterprise software support and managed services for Oracle, SAP and VMware platforms, executed $10 million in financial transactions during the fiscal third quarter. Through August 28, 2026, the company allocated approximately $5.0 million to repurchase 970,566 shares of its common stock at an average price of $5.16 per share.
In a concurrent financial maneuver, the software support provider prepaid $5.0 million of its term loan. This payment brings the company's fiscal year-to-date debt reduction to $25.9 million, lowering its outstanding term loan balance to $43.4 million.
“Our year-to-date share repurchases and debt prepayments demonstrate our commitment to creating long-term stockholder value and our disciplined approach to capital allocation,” said Michael Perica, executive vice president and CFO, Rimini Street. “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.”
