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
ALLY FINL INC COM 02005N100 30,050 1,478,094 SH   DFND 1, 4, 3, 2 1,478,094 0 0
ALLY FINL INC COM 02005N100 13,892 683,321 SH   DFND 7, 4, 3, 2 683,321 0 0
AMBAC FINL GROUP INC COM NEW 023139884 11,298 599,051 SH   DFND 1, 4, 3, 2 599,051 0 0
AMBAC FINL GROUP INC COM NEW 023139884 458 24,290 SH   DFND 5, 4, 3, 2 24,290 0 0
AMBAC FINL GROUP INC COM NEW 023139884 3,561 188,800 SH   DFND 7, 4, 3, 2 188,800 0 0
AMBAC FINL GROUP INC COM NEW 023139884 6,700 6,669 SH Call DFND 1, 4, 3, 2 0 0 0
AMBAC FINL GROUP INC COM NEW 023139884 2,000 1,977 SH Call DFND 5, 4, 3, 2 0 0 0
AMBAC FINL GROUP INC COM NEW 023139884 1,900 1,854 SH Call DFND 7, 4, 3, 2 0 0 0
AMERICAN RENAL ASSOCIATES HO COM 029227105 297,355 17,615,836 SH   DFND 6, 4, 3, 2 17,615,836 0 0
APPROACH RESOURCES INC COM 03834A103 718 286,025 SH   DFND 1, 4, 3, 2 286,025 0 0
APPROACH RESOURCES INC COM 03834A103 459 182,730 SH   DFND 4, 3, 2 182,730 0 0
ATLANTICA YIELD PLC SHS G0751N103 74,374 3,548,376 SH   DFND 1, 4, 3, 2 3,548,376 0 0
ATLANTICA YIELD PLC SHS G0751N103 3,921 187,078 SH   DFND 4, 3, 2 187,078 0 0
BELLATRIX EXPLORATION LTD COM 078314101 1,808 2,277,438 SH   DFND 1, 4, 3, 2 2,277,438 0 0
BELLATRIX EXPLORATION LTD COM 078314101 985 1,240,622 SH   DFND 4, 3, 2 1,240,622 0 0
CIVEO CORP CDA COM 17878Y108 25,317 8,467,316 SH   DFND 1, 4, 3, 2 8,467,316 0 0
CIVEO CORP CDA COM 17878Y108 1,409 471,394 SH   DFND 4, 3, 2 471,394 0 0
ENERGY XXI GULF COAST INC COM 29276K101 17,631 588,302 SH   DFND 1, 4, 3, 2 588,302 0 0
ENERGY XXI GULF COAST INC COM 29276K101 1,009 33,678 SH   DFND 4, 3, 2 33,678 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 150,845 9,463,296 SH   DFND 1, 4, 3, 2 9,463,296 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 150,845 9,463,296 SH   DFND 6, 4, 3, 2 9,463,296 0 0
GASTAR EXPL INC NEW COM 36729W202 2,638 1,712,900 SH   DFND 1, 4, 3, 2 1,712,900 0 0
GASTAR EXPL INC NEW COM 36729W202 1,562 1,014,100 SH   DFND 4, 3, 2 1,014,100 0 0
GENCO SHIPPING & TRADING LTD SHS Y2685T131 60,569 4,845,542 SH   DFND 2, 4, 3 4,845,542 0 0
GENCO SHIPPING & TRADING LTD SHS Y2685T131 51,570 4,125,576 SH   DFND 1, 4, 3, 2 4,125,576 0 0
GENCO SHIPPING & TRADING LTD SHS Y2685T131 17,950 1,435,966 SH   DFND 7, 4, 3, 2 1,435,966 0 0
JERNIGAN CAP INC COM 476405105 1,261 54,746 SH   DFND 1, 4, 3, 2 54,746 0 0
JERNIGAN CAP INC COM 476405105 54 2,354 SH   DFND 4, 3, 2 2,354 0 0
MIDSTATES PETE CO INC COM PAR 59804T407 52,242 2,831,570 SH   DFND 1, 4, 3, 2 2,831,570 0 0
MIDSTATES PETE CO INC COM PAR 59804T407 13,913 754,077 SH   DFND 7, 4, 3, 2 754,077 0 0
NATURAL RESOURCE PARTNERS L COM UNIT LTD PAR 63900P608 584 16,148 SH   DFND 1, 4, 3, 2 16,148 0 0
NATURAL RESOURCE PARTNERS L COM UNIT LTD PAR 63900P608 361 9,987 SH   DFND 4, 3, 2 9,987 0 0
OI S A SPONSORED ADR NE 670851500 236 36,300 SH   DFND 1, 4, 3, 2 36,300 0 0
QUAD / GRAPHICS INC COM CL A 747301109 362 14,327 SH   DFND 1, 4, 3, 2 14,327 0 0
QUAD / GRAPHICS INC COM CL A 747301109 65 2,569 SH   DFND 6, 4, 3, 2 2,569 0 0
QUAD / GRAPHICS INC COM CL A 747301109 174 6,881 SH   DFND 5, 4, 3, 2 6,881 0 0
STATE NATL COS INC COM 85711T305 43,810 3,042,382 SH   DFND 1, 4, 3, 2 3,042,382 0 0
STATE NATL COS INC COM 85711T305 15,878 1,102,618 SH   DFND 7, 4, 3, 2 1,102,618 0 0
VERSO CORP CL A 92531L207 7,412 1,235,313 SH   DFND 1, 4, 3, 2 1,235,313 0 0
VERSO CORP CL A 92531L207 1,582 263,642 SH   DFND 5, 4, 3, 2 263,642 0 0
VERSO CORP CL A 92531L207 2,013 335,485 SH   DFND 7, 4, 3, 2 335,485 0 0
W & T OFFSHORE INC COM 92922P106 10,725 3,871,794 SH   DFND 1, 4, 3, 2 3,871,794 0 0
W & T OFFSHORE INC COM 92922P106 690 249,257 SH   DFND 4, 3, 2 249,257 0 0
WALTER INVT MGMT CORP COM 93317W102 792 733,749 SH   DFND 1, 4, 3, 2 733,749 0 0
WALTER INVT MGMT CORP COM 93317W102 392 363,038 SH   DFND 4, 3, 2 363,038 0 0
WALTER INVT MGMT CORP NOTE 4.500%11/0 93317WAA0 11,448 38,159,000 PRN   DFND 1, 4, 3, 2 38,159,000 0 0
WALTER INVT MGMT CORP NOTE 4.500%11/0 93317WAA0 4,955 16,518,000 PRN   DFND 4, 3, 2 16,518,000 0 0
WMIH CORP COM 92936P100 2,862 1,973,534 SH   DFND 1, 4, 3, 2 1,973,534 0 0
WMIH CORP COM 92936P100 914 630,333 SH   DFND 5, 4, 3, 2 630,333 0 0