Gaming technology provider Scientific Games has completed an amendment to its credit agreement, reducing the interest rate on its $3.28 billion of existing term loans to London Interbank Offered Rate (LIBOR) plus 325 basis points with no floor.

All of the term loans under the credit agreement are scheduled to mature on August 14, 20124, subject to accelerated maturity.

Scientific Games CEO Kevin Sheehan credited the better-than-expected loan repricing to the company’s improved operating execution, which he said generated “stronger cash flows” and deleveraged the balance sheet, allowing Scientific Games “to amend our credit agreement on more favorable terms.”

“Moreover, by improving our capital structure, future cash flow is further strengthened,” Sheehan said in a statement.