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Leslie Conard Krusen

Senior Associate

Seattle

Les Krusen is a senior associate in the Public Finance Department in Orrick's Seattle office, and has been recognized by the Bond Buyer as a 2024 Rising Star.

Les is a Senior Associate in the Public Finance practice group in Orrick’s Seattle office. He has served as bond counsel, disclosure counsel and underwriters’ counsel on public and privately placed tax-exempt and taxable debt issued by airports and ports, mass transit agencies, electric and water utilities, industrial development agencies and bond banks, higher education institutions and health care facilities. He has experience in advising clients in such financings in several states and U.S. territories, including Alaska, California, Guam, Nevada, New York, Oregon and Washington.

During the course of his practice, Les has worked on various types of financing structures, including standard general obligation and revenue bond financings, bond and grant anticipation financings, master trust indenture financings, conduit financings, pooled financings, variable rate bonds and current and advance refundings.

Prior to joining Orrick, Les was an associate in the Capital Markets practice group at Cadwalader, Wickersham & Taft in New York, where he represented major foreign and domestic banks and boutique financial institutions as issuers, depositors, loan sellers, underwriters, initial purchasers and placement agents in connection with approximately $20 billion of public and private offerings of commercial mortgage-backed securities and collateralized loan obligations.

    • Washington Economic Development Finance Authority - solid waste/wastewater biofuels, plastics recycling, sustainable pulp and pellet products (Bond Counsel)
    • Public Utility District No. 1 of Chelan County, Washington - consolidated utility system revenue bonds(Bond Counsel)
    • Public Utility District No. 1 of Clark County, Washington - transmission, generating and water system revenue bonds and hedging agreements (Bond Counsel)
    • Public Utility District No. 1 of Snohomish County, Washington -  transmission, generating and water system revenue bonds, hedging agreements, battery energy storage system project (Bond Counsel)
    • Underwriters Counsel - Port of Seattle (including SeaTac Airport), various governmental and co-op electric, generating, water and wastewater utilities (including natural gas securitizations and private placements), higher education and other issuers, Liberty Bond CMBS 
    • Airport Commission of the City and County of San Francisco - general revenue bonds, hotel special facility bonds, fuel facility revenue bonds and commercial paper (Bond Counsel)
    • Burbank-Glendale-Pasadena Airport Authority -  complete demolition and reconstruction of terminal (Bond Counsel)
    • Alaska International Airports System - general revenue bonds, CONRAC facility (Bond Counsel)
    • State of Alaska - general obligation bonds, lease purchase financings, clean/drinking water revolving fund, legislative advice (Bond Counsel)
    • Alaska Municipal Bond Bank Authority - general obligation bonds and direct loans (Bond Counsel)
    • Alaska Energy Authority - Hydropower revenue bonds, transmission/battery energy storage system, legislative advice (Bond Counsel)
    • Alaska Industrial Development and Export Authority - small issue manufacturing bonds, legislative advice (Bond Counsel)
    • Transforming Age - multiple senior living facilities in Washington and Nebraska  (Borrower's Counsel)
    • Red Rock Biofuels - sustainable aviation fuel financings  (Borrower's Counsel)
    • Max Midsteam - dock and wharf facility conversion to LNG export  (Borrower's Counsel)
    • Equilibrium - dairy RNG financings  (Bond Counsel)
    • Wood River Community Trust- workforce housing project near Sun Valley Resort (Borrower's Counsel)

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