XML 59 R43.htm IDEA: XBRL DOCUMENT v3.21.2
Long-Term Debt (Tables)
9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Summary of Long-Term Debt
Long-term debt is summarized as follows:
In thousandsSeptember 30,
2021
December 31,
2020
Revolving credit facility, due Feb. 2024$200,527 $36,813 
Term loan, due Feb. 2024226,080 249,715 
2.40%Term Loan, due Jun. 2022
1,241 2,629 
2.05% Term Loan, due Mar. 2023
9,270 14,737 
1.30% Term Loan, due Jun. 2023
2,895 4,382 
1.55% Term Loan, due Sep. 2025
5,674 7,143 
1.10% Term Loan, due Mar. 2024
10,527 — 
Total long-term debt456,214 315,419 
Less current portion(27,441)(25,057)
Unamortized deferred issuance costs(5,683)(1,898)
Long-term debt, net of current portion$423,090 $288,464 
Summary of Debts Borrowed by Subsidiary
Glatfelter Gernsbach GmbH (“Gernsbach”), a wholly-owned subsidiary of ours, entered into a series of borrowing agreements with IKB Deutsche Industriebank AG, Düsseldorf (“IKB”) as summarized below:
Amounts in thousands
Original
Principal
Interest
Rate
Maturity
Borrowing date   
Apr. 11, 201342,700 2.05 %Mar. 2023
Sep. 4, 201410,000 2.40 %Jun. 2022
Oct. 10, 20152,608 1.55 %Sep. 2025
Apr. 26, 201610,000 1.30 %Jun. 2023
May 4, 20167,195 1.55 %Sep. 2025