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
DYNEGY INC NEW DEL COM 26817R108 3,916 400,000 SH   SOLE   400,000 0 0
DYNEGY INC NEW DEL *W EXP 02/02/202 26817R157 181 752,885 SH   SOLE   752,885 0 0
FORTRESS TRANS INFRST INVS L COM REP LTD LIAB 34960P101 12,812 710,205 SH   SOLE   710,205 0 0
GLOBALSTAR INC NOTE 8.000% 4/0 378973AD3 2,458 847,456 PRN   SOLE   847,456 0 0
GLOBALSTAR INC COM 378973408 12,492 7,663,979 SH   SOLE   7,663,979 0 0
HORNBECK OFFSHORE SVCS INC N COM 440543106 3,268 808,800 SH   SOLE   808,800 0 0
OCEAN RIG UDW INC SHS NEW G66964118 7,815 328,765 SH   SOLE   328,765 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 16,212 700,000 SH   SOLE   700,000 0 0
STAR BULK CARRIERS CORP SHS PAR Y8162K204 18,449 1,900,000 SH   SOLE   1,900,000 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 15,198 925,000 SH   SOLE   925,000 0 0
WARRIOR MET COAL INC COM 93627C101 44,734 1,897,933 SH   SOLE   1,897,933 0 0