Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2020

Long-term debt is summarized as follows:

	September 30			December 31
In thousands	2020			2019
Revolving credit facility, due Feb. 2024	$	62,052		$	84,255
Term loan, due Feb. 2024		241,478			240,969
2.40% Term Loan, due Jun. 2022		2,927			4,012
2.05% Term Loan, due Mar. 2023		15,623			19,487
1.30% Term Loan, due Jun. 2023		4,600			5,617
1.55% Term Loan, due Sep. 2025		7,174			7,915
Total long-term debt		333,854			362,255
Less current portion		(23,908	)		(22,940	)
Unamortized deferred issuance costs		(1,962	)		(2,396	)
Long-term debt, net of current portion	$	307,984		$	336,919

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, 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.

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+ Details