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Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Summary of Long-Term Debt

Long-term debt is summarized as follows:

		December 31
In thousands			2015				2014
Revolving credit facility, due Mar. 2020		$	58,792			$	–
Revolving credit facility, due Nov. 2016			–				90,555
5.375% Notes, due Oct. 2020			250,000				250,000
2.40% Term Loan, due Jun. 2022			10,109				12,155
2.05% Term Loan, due Mar. 2023			42,130				51,902
1.55% Term Loan, due Sep. 2025			2,839				–
Total long-term debt			363,870				404,612
Less current portion			(7,366	)			(5,734	)
Long-term debt, net of current portion		$	356,504			$	398,878

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		Oringinal 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

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
2016		$	7,366
2017			7,366
2018			7,721
2019			7,721
2020			316,513
Thereafter			17,183

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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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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

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