Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Summary of Long-Term Debt

Long-term debt is summarized as follows:

	December 31
In thousands		2020			2019
Revolving credit facility, due Feb. 2024	$	36,813		$	84,255
Term loan, due Feb. 2024		249,715			240,969
2.40% Term Loan, due Jun. 2022		2,629			4,012
2.05% Term Loan, due Mar. 2023		14,737			19,487
1.30% Term Loan, due Jun. 2023		4,382			5,617
1.55% Term Loan, due Sep. 2025		7,143			7,915
Total long-term debt		315,419			362,255
Less current portion		(25,057	)		(22,940	)
Unamortized deferred issuance costs		(1,898	)		(2,396	)
Long-term debt, net of current portion	$	288,464		$	336,919

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

Amortization of Term Loan Agreements Together with Maturities of Other Long-term Debt

The following schedule sets forth the amortization of our term loan agreements together with the maturity of our other long-term debt during the indicated year.

In thousands
2021	$	25,057
2022		24,181
2023		17,516
2024		247,538
2025		1,127
Thereafter		-