The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102   131 1,972,000 SH Call DFND   19,720 0 0
ALLY FINL INC COM 02005N100   171,470 10,045,073 SH   DFND   10,045,073 0 0
AMBAC FINL GROUP INC COM NEW 023139884   36,453 2,214,645 SH   DFND   2,214,645 0 0
AVIS BUDGET GROUP COM 053774105   66,020 2,048,396 SH   DFND   2,048,396 0 0
BERRY PLASTICS GROUP INC COM 08579W103   125,135 3,220,975 SH   DFND   3,220,975 0 0
BROOKDALE SR LIVING INC COM 112463104   106,363 6,888,810 SH   DFND   6,888,810 0 0
CAESARS ACQUISITION CO CL A 12768T103   20,944 1,866,647 SH   DFND   1,866,647 0 0
CAESARS ENTMT CORP COM 127686103   23,211 3,018,274 SH   DFND   3,018,274 0 0
CALIFORNIA RES CORP COM NEW 13057Q206   1,772 145,270 SH   DFND   145,270 0 0
CF CORP UNIT 99/99/9999 G20307123   39,680 4,000,000 SH   DFND   4,000,000 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109   24,035 415,108 SH   DFND   415,108 0 0
CLEAR CHANNEL OUTDOOR HLDGS CL A 18451C109   24,978 4,015,764 SH   DFND   4,015,764 0 0
CLUBCORP HLDGS INC COM 18948M108   33,709 2,592,972 SH   DFND   2,592,972 0 0
COMCAST CORP NEW CL A 20030N101   104,493 1,602,905 SH   DFND   1,602,905 0 0
COMMUNITY HEALTH SYS INC NEW RIGHT 99/99/9999 203668116   2 499,397 SH   DFND   499,397 0 0
CUMULUS MEDIA INC CL A 231082108   965 3,114,371 SH   DFND   3,114,371 0 0
CUMULUS MEDIA INC CL A 231082108   557 179,594,100 SH Call DFND   1,795,941 0 0
DHT HOLDINGS INC DEBT 4.500%10/0 23335SAB2   8,499 9,000,000 PRN   DFND   9,000,000 0 0
E M C CORP MASS COM 268648102   152,493 5,612,556 SH   DFND   5,612,556 0 0
GILEAD SCIENCES INC COM 375558103   68,788 824,597 SH   DFND   824,597 0 0
GOLDEN OCEAN GROUP LTD SHS G39637106   2,251 3,337,689 SH   DFND   3,337,689 0 0
HCA HOLDINGS INC COM 40412C101   30,839 400,460 SH   DFND   400,460 0 0
HERBALIFE LTD NOTE 2.000% 8/1 42703MAB9   3,458 3,500,000 PRN   DFND   3,500,000 0 0
LINKEDIN CORP COM CL A 53578A108   18,925 100,000 SH   DFND   100,000 0 0
MGM RESORTS INTERNATIONAL COM 552953101   394,028 17,411,736 SH   DFND   17,411,736 0 0
NAVIENT CORP COM 63938C108   24,527 2,052,488 SH   DFND   2,052,488 0 0
NAVIENT CORP COM 63938C108   243 1,215,600 SH Call DFND   12,156 0 0
NEXEO SOLUTIONS INC *W EXP 06/09/202 65342H110   1,943 281,579,400 SH Call DFND   2,815,794 0 0
PNC FINL SVCS GROUP INC COM 693475105   6,108 75,042 SH   DFND   75,042 0 0
SANTANDER CONSUMER USA HDG I COM 80283M101   23,213 2,247,176 SH   DFND   2,247,176 0 0
SERVICE CORP INTL COM 817565104   69,247 2,560,909 SH   DFND   2,560,909 0 0
SOLARCITY CORP COM 83416T100   993 41,499 SH   DFND   41,499 0 0
SOLARCITY CORP NOTE 1.625%11/0 83416TAC4   97,640 148,079,000 PRN   DFND   148,079,000 0 0
SUNRUN INC COM 86771W105   19,476 3,319,395 SH   DFND   3,319,395 0 0
SUNRUN INC COM 86771W105   143 75,000,000 SH Call DFND   750,000 0 0
SUPERVALU INC COM 868536103   357 1,560,000 SH Call DFND   15,600 0 0
TALEN ENERGY CORP COM 87422J105   7,527 555,506 SH   DFND   555,506 0 0
US FOODS HLDG CORP COM 912008109   17,704 730,373 SH   DFND   730,373 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100   33,151 385,385 SH   DFND   385,385 0 0
VITAMIN SHOPPE INC COM 92849E101   55,222 1,806,400 SH   DFND   1,806,400 0 0
YAHOO INC COM 984332106   697,579 18,572,403 SH   DFND   18,572,403 0 0