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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
CUMULUS MEDIA INC CL A NEW 231082603 863 2,695,362 SH   SOLE None 2,695,362 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 221,122 7,378,128 SH   SOLE None 7,378,128 0 0
DYNEGY INC NEW DEL COM 26817R108 29,591 3,022,583 SH   SOLE None 3,022,583 0 0
HORNBECK OFFSHORE SVCS INC N COM 440543106 13,308 3,294,053 SH   SOLE None 3,294,053 0 0
HORNBECK OFFSHORE SVCS INC N NOTE 1.500% 9/0 440543AN6 1,560 2,000,000 PRN   SOLE None 2,000,000 0 0
INTELSAT S A COM L5140P101 8,455 1,799,000 SH   SOLE None 1,799,000 0 0
LORAL SPACE & COMMUNICATNS I COM 543881106 95,876 1,936,891 SH   SOLE None 1,936,891 0 0
PEABODY ENERGY CORP COM NEW 704551100 69,203 2,385,494 SH   SOLE None 2,385,494 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869 22,582 1,124,046 SH   SOLE None 1,124,046 0 0
SCORPIO TANKERS INC SHS Y7542C106 24,224 7,062,442 SH   SOLE None 7,062,442 0 0
TIDEWATER INC COM NEW 88642R109 7,390 254,141 SH   SOLE None 254,141 0 0
VISTEON CORP COM 92839U206 78,014 630,318 SH   SOLE None 630,318 0 0