Long-Term Debt

9 Months Ended

Sep. 30, 2019

Long-term debt consisted of the following:



	Sept. 30, 2019		Sept. 30, 2018		Dec. 31, 2018
	(Dollars in thousands)
Bank debt
Bank revolving loans	$	766,000	$	698,000	$	—
U.S. term loans	800,000		800,000		800,000
Canadian term loans	15,943		23,335		22,103
Other foreign bank revolving and term loans	37,062		36,143		129,697
Total bank debt	1,619,005		1,557,478		951,800
5½% Senior Notes	—		300,000		300,000
4¾% Senior Notes	300,000		300,000		300,000
3¼% Senior Notes	708,630		754,260		744,380
Finance leases	33,440		21,950		21,543
Total debt - principal	2,661,075		2,933,688		2,317,723
Less unamortized debt issuance costs	9,690		14,009		13,109
Total debt	2,651,385		2,919,679		2,304,614
Less current portion	841,430		733,404		170,214
	$	1,809,955	$	2,186,275	$	2,134,400

At September 30, 2019, the current portion of long-term debt consisted of $766.0 million of bank revolving loans under our amended and restated senior secured credit facility, as amended, or the Credit Agreement, $40.0 million of term loans under the Credit Agreement, $33.8 million of other foreign bank revolving and term loans and $1.6 million of finance leases.

On August 1, 2019, we redeemed all $300.0 million aggregate principal amount of our outstanding 5½% Senior Notes due 2022, or the 5½% Notes, at a redemption price of 100 percent of their principal amount plus accrued and unpaid interest up to the redemption date. We funded this redemption with revolving loan borrowings under the Credit Agreement and cash on hand. As a result of this redemption, we recorded a pre-tax charge for the loss on early extinguishment of debt of $1.7 million during the third quarter of 2019 for the write-off of unamortized debt issuance costs.