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

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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
CAESARS ENTMT CORP COM 127686103 72,249 5,312,434 SH   DFND   5,312,434 0 0
CUMULUS MEDIA INC COM CLASS A 231082801 31,485 1,792,000 SH   DFND   1,792,000 0 0
ELDORADO RESORTS INC COM 28470R102 95,424 1,600,000 SH   DFND   1,600,000 0 0
ISHARES TR IBOXX INV CP ETF 464287242 179,144 1,400,000 SH Put DFND   1,400,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 16,070 97,000 SH Put DFND   97,000 0 0
MCDERMOTT INTL INC COM 580037703 43 62,994 SH   DFND   62,994 0 0
MONTAGE RES CORP COM 61179L100 18,262 2,300,000 SH   DFND   2,300,000 0 0
PENN VA CORP NEW COM 70788V102 31,868 1,050,000 SH   DFND   1,050,000 0 0
PG&E CORP COM 69331C108 262,728 24,170,000 SH   DFND   24,170,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 358,874 1,115,000 SH Call DFND   1,115,000 0 0
STUDIO CITY INTL HLDGS LTD SPON ADS 86389T106 212,706 10,769,918 SH   DFND   10,769,918 0 0