Elizabeth Chang’s practice focuses on corporate and financial transactions, including capital markets fundraising and liability management transactions.

She represents investment banks and issuers in a variety of SEC-registered and private placement offerings of debt, equity, and hybrid securities. Elizabeth has developed deep sector experience advising global financial institutions, SSAs, insurance companies, and other entities in highly regulated industries, as well as consumer goods and retail companies. Her work extends to a range of liability management transactions such as issuer self-tender, exchange offers, consent solicitations, and open market strategies.

Elizabeth has extensive experience in the development of new financial products, including secured debt instruments, contingent capital products (P-Caps), and trust preferred securities. She also advises on matters related to the FINRA Corporate Financing Rules, U.S. stock exchange listings, and state Blue Sky laws.

Elizabeth joined the firm in 2000, became a senior attorney in 2006, and became counsel in 2026.

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Notable Experience

  • Citigroup in numerous matters, including nearly 30 debt offerings since December 2008 valued at over $75 billion and its $20 billion TARP repayment agreement and termination of the loss-sharing agreement with the U.S. government, including a $17 billion offering of common stock and a $3.5 billion offering of tangible equity units.

  • Designated underwriters counsel for numerous issuers, including AIG, Hershey, Edison International, Regions Financial Corporation, Southern California Edison and Unum Group.

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Publications