Catherine M. LaGrange

Associate

lagrangec@ballardspahr.com
Tel 612.371.2407
Fax 612.371.3997
Minneapolis

Catherine LaGrange assists financial institutions and bank holding companies with mergers and acquisitions, reorganizations, regulatory matters, and capital-raising transactions. She also represents senior and mezzanine lenders and private equity groups in leveraged finance transactions. Prior to entering law school, Katie worked in sales in New Jersey.

Pro Bono Experience

Katie maintains an active pro bono practice. Since 2017, Katie has helped more than 150 individuals prepare tax returns, through her work with Prepare + Prosper, a nonprofit dedicated to helping low- to moderate-income people build financial health and providing free access to quality tax preparation and financial services. Katie also serves as a volunteer mediator for the Ramsey County Harassment Court. Her efforts help an already beleaguered court system conserve precious resources, while teaching community members to resolve future issues of conflict without the violence, threats, or escalating behaviors that often lead to these disputes in the first place.

Representative Matters

Lender Transactions

  • Represented a bank lender in a new $20,000,000 line of credit facility for its existing borrower.
  • Represented a bank lender in refinancing three existing facilities and refinancing out an existing lender and joining in additional borrower. The transaction value was $20,000,000.
  • Advised mezzanine lender in a $4,000,000 mezzanine loan and $400,000 equity investment to finance acquisition of wall covering manufacturer.
  • Advised mezzanine lender in a $3,250,000 mezzanine loan and $425,000 equity investment in a firm to finance acquisition of assets.
  • Advised mezzanine lender in multiple loans and equity investments into manufacturing private equity platform companies.
  • Assisted insurance company client with designing and implementing loan program to extend revolving loans to its independent agents.
  • Assisted Fortune 100 client with designing and implementing loan program designed to fund in-store remodels for marketing partners and convenience store owners.

Borrower Transactions

  • Represented a publicly-traded utility company in a credit facility in excess of $74,000,000 to acquire a utility company.
  • Represented a worldwide manufacturer in obtaining $60,000,000 in supplemental term loans on an existing credit facility.
  • Represented a private equity fund in senior and mezzanine facilities in excess of $36,000,000 in connection with the acquisition of a technology manufacturer.
  • Represented an ESOP-controlled manufacturer in a credit facility with loan commitments in excess of $35,000,000 from a large national bank, secured by personal property and real estate.
  • Represented a food manufacturer in a credit facility term loan facility in excess of $30,000,000 from a non-bank lender, secured by personal property and real estate.
  • Represented a private equity firm on the financing for its acquisition of a private plumbing company, consisting of a $13,500,000 term loan and a $2,500,000 revolving line of credit.

Community Bank Acquisition Transactions

  • Represented Security Bank & Trust Company in the acquisition of State Bank of Hamburg from Hamburg Financial, Inc.
  • Represented Citizens Alliance Bank in the acquisition of Farmers & Merchants State Bank of Sacred Heart.
  • Represented MidCountry Acquisition Corp. in the acquisition of MidCountry Bank.
  • Represented the Bancorp Bank in the acquisition of McMahon Motors, Inc. and McMahon Motors, Inc., thereby expanding the bank’s portfolio of fleet leasing.

Community Bank Sale Transactions

  • Represented Western Holding Company of Wolf Point in its merger with and into Eagle Bancorp Montana, Inc. and the merger of Western Bank of Wolf Point with and into Opportunity Bank of Montana. The Transaction was valued at $14,970,000.
  • Represented sale of Big Muddy Bancorp's subsidiary bank, The State Bank of Townsend to Eagle Bancorp. The transaction was valued at $16,400,000.
  • Represented Malta Banquo, Inc. in the sale of its subsidiary banks, First Security Bank of Malta and Valley Bank of Glasgow to The Bridger Company.
  • Represented Klein Bank in the sale of three branches to Wings Financial Credit Union.

Judicial Clerkship

Hon. Franklin L. Noel, Magistrate Judge, U.S. District Court for the District of Minnesota

Recognition & Accomplishments

Named to Minnesota Lawyer's 2019 "Up and Coming Attorneys" list

Professional Activities

Member of Ballard’s Pro Bono Committee

Member of Summer Associate Committee

Mitchell Hamline School of Law (J.D., summa cum laude, 2016)
National Moot Court Team

Seton Hall University (B.S., cum laude, 2008)

Minnesota