Lenders to Tom Gores-Backed Sewing Machine Maker Tap Counsel

Some lenders to SVP Worldwide, a sewing machine maker backed by Tom Gores’s Platinum Equity, have hired legal counsel as the company faces liquidity constraints, according to people with knowledge of the situation.

A group of lenders is getting advice from law firm Paul Hastings, said the people, who asked not to be identified because they aren’t authorized to speak about it.

Representatives for SVP, Platinum, and Paul Hastings didn’t immediately respond to requests for comment.

The hire comes despite a recent new-money investment from Platinum. At the end of the last fiscal year, the private equity ...