Lenders to Software Firm GoTo Tap Lawyers on Restructuring Fears

Some of software company GoTo Group Inc.’s lenders are getting advice from law firm Paul Weiss Rifkind Wharton & Garrison amid concerns that a potential debt restructuring would impact their recoveries on the debt, according to people with knowledge of the matter.

Those lenders are concerned that GoTo — formerly known as LogMeIn — could pursue aggressive debt maneuvers like shifting assets out of reach of existing creditors. The Boston-based company’s credit agreement allows it to move assets into a new legal entity, a common step some companies take before borrowing more money against them.

When pressed on potential ...