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Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2017

Debt Disclosure [Abstract]

Summary of Long-Term Debt

Long-term debt is summarized as follows:

	September 30					December 31
In thousands	2017					2016
Revolving credit facility, due Mar. 2020	$	158,298				$	61,595
5.375% Notes, due Oct. 2020		250,000					250,000
2.40% Term Loan, due Jun. 2022		8,012					8,282
2.05% Term Loan, due Mar. 2023		34,659					35,163
1.30% Term Loan, due Jun. 2023		9,698					9,788
1.55% Term Loan, due Sep. 2025		11,574					10,333
Total long-term debt		472,241					375,161
Less current portion		(11,122	)				(8,961	)
Unamortized deferred issuance costs		(2,094	)				(2,553	)
Long-term debt, net of current portion	$	459,025				$	363,647

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
May 4, 2016		7,195					1.55	%			Sep. 2025
Apr. 26, 2016		10,000					1.30	%			Jun. 2023

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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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