Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2021

Long-term debt is summarized as follows:

	June 30			December 31
In thousands	2021			2020
Revolving credit facility, due Feb. 2024	$	213,478		$	36,813
Term loan, due Feb. 2024		235,303			249,715
2.40% Term Loan, due Jun. 2022		1,698			2,629
2.05% Term Loan, due Mar. 2023		11,100			14,737
1.30% Term Loan, due Jun. 2023		3,396			4,382
1.55% Term Loan, due Sep. 2025		6,189			7,143
Total long-term debt		471,164			315,419
Less current portion		(24,267	)		(25,057	)
Unamortized deferred issuance costs		(1,636	)		(1,898	)
Long-term debt, net of current portion	$	445,261		$	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, 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