Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2019

Long-term debt is summarized as follows:

	March 31			December 31
In thousands	2019			2018
Revolving credit facility, due Mar. 2020	$	—		$	114,495
Revolving credit facility, due Feb. 2024		101,115
5.375% Notes, due Oct. 2020		—			250,000
Term loan, due Feb. 2024		247,170			—
2.40% Term Loan, due Jun. 2022		5,216			5,725
2.05% Term Loan, due Mar. 2023		23,987			25,972
1.30% Term Loan, due Jun. 2023		6,821			7,361
1.55% Term Loan, due Sep. 2025		8,947			9,470
Total long-term debt		393,256			413,023
Less current portion		(19,852	)		(10,785	)
Unamortized deferred issuance costs		(2,830	)		(1,276	)
Long-term debt, net of current portion	$	370,574		$	400,962

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

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details