Long-Term Debt

3 Months Ended

Mar. 31, 2022

Long-term debt consisted of the following:


	March 31, 2022		March 31, 2021		Dec. 31, 2021
	(Dollars in thousands)
Bank debt
Bank revolving loans	$	508,000	$	137,000	$	—
U.S. term loans	1,000,000		400,000		1,000,000

Other foreign bank revolving and term loans	50,014		60,030		38,862
Total bank debt	1,558,014		597,030		1,038,862


4¾% Senior Notes	—		300,000		300,000
3¼% Senior Notes	723,190		763,945		739,180
4⅛% Senior Notes	600,000		600,000		600,000
2¼% Senior Notes	556,300		587,650		568,600
1.4% Senior Secured Notes	500,000		500,000		500,000
Finance leases	67,714		33,936		68,730
Total debt - principal	4,005,218		3,382,561		3,815,372
Less unamortized debt issuance costs and debt discount	20,451		24,147		22,195
Total debt	3,984,767		3,358,414		3,793,177
Less current portion	539,134		195,122		20,251
	$	3,445,633	$	3,163,292	$	3,772,926

At March 31, 2022, the current portion of long-term debt consisted of $508.0 million of bank revolving loans under our amended and restated senior secured credit facility, as amended, or the Credit Agreement, $28.4 million of other foreign bank revolving and term loans and $2.7 million of finance leases.

On March 28, 2022, we redeemed all $300.0 million aggregate principal amount of our outstanding 4¾% Senior Notes due 2025, or the 4¾% Notes, at a redemption price of 100 percent of their principal amount plus accrued and unpaid interest 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 $1.5 million during the first quarter of 2022 for the write-off of unamortized debt issuance costs.