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
ALIGHT INC COM CL A 01626W101 24,202 3,301,707 SH   DFND 1,2,3 3,301,707 0 0
ATI PHYSICAL THERAPY INC COM CL A 00216W109 10,766 10,765,559 SH   DFND 1,2,3 10,765,559 0 0
BRAEMAR HOTELS & RESORTS INC NOTE 4.500% 6/0 10482BAB7 4,771 5,000,000 PRN   DFND 1,2,3 5,000,000 0 0
BRAEMAR HOTELS & RESORTS INC COM 10482B101 6,445 1,498,937 SH   DFND 1,2,3 1,498,937 0 0
COINBASE GLOBAL INC NOTE 0.500% 6/0 19260QAB3 14,093 21,500,000 PRN   DFND 1,2,3 21,500,000 0 0
GLOBAL BLUE GROUP HOLDING AG ORD SHS H33700107 25,327 5,470,175 SH   DFND 1,2,3,4,5,6,7 5,470,175 0 0
HERTZ GLOBAL HLDGS INC COM NEW 42806J700 2,954,095 181,455,469 SH   DFND 1,2,3,4,5,6,7 181,455,469 0 0
ISHARES TR MSCI EAFE ETF 464287465 112,020 2,000,000 SH Put DFND 1,2,3 2,000,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 178,475 2,500,000 SH Put DFND 1,2,3 2,500,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 164,920 1,000,000 SH Put DFND 1,2,3 1,000,000 0 0
SABRE CORP COM 78573M104 23,175 4,500,000 SH Call DFND 1,2,3 4,500,000 0 0
SABRE CORP COM 78573M104 38,569 7,489,151 SH   DFND 1,2,3 7,489,151 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 357,180 1,000,000 SH Put DFND 1,2,3 1,000,000 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 65,510 1,000,000 SH Put DFND 1,2,3 1,000,000 0 0