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
AMERICAN AIRLINES GROUP INC COM 02376R102 216,833 5,047,327 SH   DFND 1,2,3 5,047,327 0 0
AMERICAN CAP LTD COM 02503Y103 34,064 2,227,870 SH   DFND 1,2,3 2,227,870 0 0
DELEK US HOLDINGS INC COM 246647101 15,821 560,447 SH   DFND 1,2,3 560,447 0 0
DISH NETWORK CORP-A CL A 25470M109 21,852 335,776 SH   DFND 1,2,3 335,776 0 0
DYNEGY INC/NEW COM 26817R108 31,331 900,313 SH   DFND 1,2,3 900,313 0 0
ENERGY XXI BERMUDA USD UNRS SHS G10082140 16,083 680,603 SH   DFND 1,2,3 680,603 0 0
EXELON CORP COM 30161N101 14,990 410,900 SH   DFND 1,2,3 410,900 0 0
GENERAL MOTORS CO COM 37045V100 39,073 1,076,397 SH   DFND 1,2,3 1,076,397 0 0
GENERAL MOTORS-CW16 *W EXP 07/10/201 37045V118 2,581 96,985 SH Call DFND 1,2,3 96,985 0 0
GENERAL MOTORS-CW19 *W EXP 07/10/201 37045V126 1,800 96,985 SH Call DFND 1,2,3 96,985 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 22,031 785,984 SH   DFND 1,2,3 785,984 0 0
HOUGHTON MIFFLIN HARCOURT CO COM 44157R109 28,431 1,483,880 SH   DFND 1,2,3 1,483,880 0 0
MERCER INTERNATIONAL INC COM 588056101 35,105 3,343,374 SH   DFND 1,2,3 3,343,374 0 0
NOBLE CORP PLC SHS USD G65431101 31,644 942,916 SH   DFND 1,2,3 942,916 0 0
TESORO CORP COM 881609101 49,443 842,734 SH   DFND 1,2,3 842,734 0 0
UNITED CONTINENTAL HOLDINGS COM 910047109 71,836 1,749,120 SH   DFND 1,2,3 1,749,120 0 0
VANTAGE DRILLING COMPANY ORD SHS G93205113 7,257 3,779,438 SH   DFND 1,2,3 3,779,438 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 123,800 3,788,253 SH   DFND 1,2,3 3,788,253 0 0