Rimini Street Completes $90 Million Commercial Bank Financing And Fully Redeems Remaining Series A Preferred Stock
Amount Raised
$90 Million
Round Type
Series A
Las VegasInformation TechnologySoftwareIT ManagementDescription
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.
Quick answer
Rimini Street raised $90 Million in a Series A round, dated July 21, 2021. Rimini Street is based in Las Vegas, Nevada, United States.
- How much did Rimini Street raise?
- Rimini Street raised $90 Million in a Series A round on July 21, 2021.
- What does Rimini Street do?
- Rimini Street, Inc. is a global leader in third-party enterprise software support and managed services, founded in 2005 and headquartered in Las Vegas, Nevada.
- Where is Rimini Street based and how big is it?
- Rimini Street is based in Las Vegas, Nevada, United States. Fundz records about 2,000 employees.
- Who are the decision-makers at Rimini Street?
- Fundz holds 2 contacts at Rimini Street. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in IT Management and Software around the same time
Companies in the same sectors as Rimini Street that raised within 45 days of this round, from Fundz verified event records.
- RideNow Group, Inc. raised an undisclosed amount on September 3, 2021.
- SIMBA Chain, Inc. raised $25M (Series A) on September 3, 2021.
- Polimorphic raised $3.8M on September 3, 2021.
- Artificial Intelligence Technology Solutions raised $30M (Funding Round) on September 2, 2021.
- Revenue Grid raised $20M (Series A) on September 2, 2021.
- Stravito raised an undisclosed amount (Series A) on September 2, 2021.
Who to call at Rimini Street, and when
A new round usually means Rimini Street is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Rimini Street raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Rimini Street, from your own LinkedIn network
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Funding Insights
What this usually meansRimini Street raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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