GoldenTree Asset Management, LP entered into an agreement to acquire substantially all of the assets of Origen Financial Inc. (OTCPK:ORGN) for $47 million on September 9, 2014. In addition to the purchase price, GoldenTree Asset Management, LP assumes Origen's securitization financing, subject to certain adjustments. Contingent upon closing of the sale, Origen intends to dissolve and liquidate. The deal is subject to Origen Financial Inc. shareholders' approval, receipt of certain third-party consents, and closing conditions customary for transactions. The shareholders meeting will be held on October 2014. As on November 13, 2014 the transaction has been approved by the shareholders of Origen Financial. Hentschel & Company acted as the financial advisor and issued a fairness opinion to Origen Financial Inc. David E. Rosewater, Craig Stein, Shlomo C. Twerski and Jeremy R. Saks of Schulte Roth & Zabel acted as a legal advisor to GoldenTree Asset Management LP.

GoldenTree Asset Management, LP completed the acquisition of substantially all of the assets of Origen Financial Inc. (OTCPK:ORGN) on January 20, 2015.