Long-Term Debt

9 Months Ended

Sep. 30, 2023

Long-term debt consisted of the following:


	Sept. 30, 2023		Sept. 30, 2022		Dec. 31, 2022
	(Dollars in thousands)
Bank debt
Bank revolving loans	$	818,000	$	497,000	$	—
U.S. term loans	950,000		1,000,000		1,000,000

Other foreign bank revolving and term loans	75,502		66,649		49,673
Total bank debt	1,843,502		1,563,649		1,049,673



3¼% Senior Notes	688,155		636,740		693,680
4⅛% Senior Notes	600,000		600,000		600,000
2¼% Senior Notes	529,350		489,800		533,600
1.4% Senior Secured Notes	500,000		500,000		500,000
Finance leases	63,663		66,109		65,667
Total debt - principal	4,224,670		3,856,298		3,442,620
Less unamortized debt issuance costs and debt discount	14,176		18,273		17,178
Total debt	4,210,494		3,838,025		3,425,442
Less current portion	897,809		591,287		80,061
	$	3,312,685	$	3,246,738	$	3,345,381

At September 30, 2023, the current portion of long-term debt consisted of $818.0 million of U.S. revolving loans under our amended and restated senior secured credit facility, as amended, or the Credit Agreement, $51.9 million of other foreign bank revolving and term loans and $27.9 million of finance leases.

On June 22, 2023, we and certain of our wholly owned subsidiaries entered into the Fourth Amendment to Amended and Restated Credit Agreement, or the Fourth Amendment, with the lenders party to the Credit Agreement and Wells Fargo Bank, National Association, as administrative agent. The Fourth Amendment amended the Credit Agreement to provide for the transition from LIBOR based interest rates to SOFR (Secured Overnight Financing Rates) and SONIA (Sterling Overnight Index Average) based interest rates and to provide for standard interest rate benchmark replacement language. The Fourth Amendment also reduced the spread adjustments for Term SOFR borrowings.