Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Summary of Long-Term Debt

Long-term debt is summarized as follows:

	March 31			December 31
In thousands	2018			2017
Revolving credit facility, due Mar. 2020	$	196,588		$	171,200
5.375% Notes, due Oct. 2020		250,000			250,000
2.40% Term Loan, due Jun. 2022		7,481			7,710
2.05% Term Loan, due Mar. 2023		32,883			33,607
1.30% Term Loan, due Jun. 2023		9,241			9,423
1.55% Term Loan, due Sep. 2025		11,324			11,390
Total long-term debt		507,517			483,330
Less current portion		(11,607	)		(11,298	)
Unamortized deferred issuance costs		(1,779	)		(1,934	)
Long-term debt, net of current portion	$	494,131		$	470,098

Summary of Debts Borrowed by Subsidiary

Glatfelter Gernsbach GmbH & Co. KG (“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, 2013	€	42,700		2.05	%	Mar. 2023
Sep. 4, 2014		10,000		2.40	%	Jun. 2022
Oct. 10, 2015		2,608		1.55	%	Sep. 2025
Apr. 26, 2016		10,000		1.30	%	Jun. 2023
May 4, 2016		7,195		1.55	%	Sep. 2025