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
ALGOMA STL GROUP INC COM 015658107 6,225 616,185 SH   DFND   616,185 0 0
ALPHA METALLURGICAL RESOUR I COM 020764106 4,112 31,163 SH   DFND   31,163 0 0
ANTERO RESOURCES CORP COM 03674X106 20,150 660,000 SH   DFND   660,000 0 0
CHESAPEAKE ENERGY CORP COM 165167735 19,140 220,000 SH   DFND   220,000 0 0
CONSTELLATION ENERGY CORP COM 21037T109 59,063 1,050,000 SH   DFND   1,050,000 0 0
CUMULUS MEDIA INC COM CL A 231082801 17,830 1,792,000 SH   DFND   1,792,000 0 0
DENBURY INC COM 24790A101 355,922 4,530,000 SH   DFND   4,530,000 0 0
FRONTIER COMMUNICATIONS PARE COM 35909D109 263,086 9,508,000 SH   DFND   9,508,000 0 0
GULFPORT ENERGY CORP COMMON SHARES 402635502 772,672 8,602,452 SH   DFND   8,602,452 0 0
IHEARTMEDIA INC COM CL A 45174J509 105,530 5,574,724 SH   DFND   5,574,724 0 0
LENSAR INC COM 52634L108 7,795 1,053,389 SH   DFND   1,053,389 0 0
PG&E CORP COM 69331C108 177,906 14,900,000 SH   DFND   14,900,000 0 0
RETAIL VALUE INC COM 76133Q102 6,354 2,076,417 SH   DFND   2,076,417 0 0
STUDIO CITY INTL HLDGS LTD SPON ADS 86389T106 170,891 29,279,588 SH   DFND   29,279,588 0 0