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Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Summary of Long-Term Debt

Long-term debt is summarized as follows:

		March 31				December 31
In thousands		2016				2015
Revolving credit facility, due Mar. 2020		$	61,482			$	58,792
5.375% Notes, due Oct. 2020			250,000				250,000
2.40% Term Loan, due Jun. 2022			10,166				10,109
2.05% Term Loan, due Mar. 2023			42,539				42,130
1.55% Term Loan, due Sep. 2025			2,969				2,839
Total long-term debt			367,156				363,870
Less current portion			(7,704	)			(7,366	)
Unamortized deferred issuance costs			(3,057	)			(3,208	)
Long-term debt, net of current portion		$	356,395			$	353,296

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		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

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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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