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
ADVANCED MICRO DEVICES INC COM 007903107 23,130 4,500,000 SH Put DFND 1 0 4,500,000 0
AMERICAN RAILCAR INDS INC COM 02916P103 7,894 200,000 SH Put DFND 1 0 200,000 0
AMERICAN RLTY CAP PPTYS INC NOTE 3.000% 8/0 02917TAA2 4,950 5,000,000 PRN   DFND 1 0 5,000,000 0
APOLLO COML REAL EST FIN INC COM 03762U105 20,794 1,293,933 SH   DFND 1 0 1,293,933 0
APOLLO INVT CORP COM 03761U106 47,444 8,563,895 SH   DFND 1 0 8,563,895 0
APOLLO RESIDENTIAL MTG INC COM 03763V102 5,026 375,085 SH   DFND 1 0 375,085 0
APOLLO SR FLOATING RATE FD I COM 037636107 1,663 105,236 SH   DFND 1 0 105,236 0
APOLLO TACTICAL INCOME FD IN COM 037638103 76 5,236 SH   DFND 1 0 5,236 0
BBX CAP CORP CL A PAR $0.01 05540P100 292 18,981 SH   DFND 1 0 18,981 0
CAESARS ACQUISITION CO CL A 12768T103 314,105 27,995,124 SH   DFND 2 0 27,995,124 0
CAESARS ENTMT CORP COM 127686103 203,749 26,495,304 SH   DFND 2 0 26,495,304 0
CENVEO CORP NOTE 7.000% 5/1 15671BAJ0 4,179 4,542,000 PRN   DFND 1 0 4,542,000 0
CF INDS HLDGS INC COM 125269100 844 35,000 SH   DFND 1 0 35,000 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 2,410 200,000 SH Call DFND 1 0 200,000 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 3,193 265,000 SH   DFND 1 0 265,000 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 131 53,400 SH Put DFND 1 0 53,400 0
CYPRESS SEMICONDUCTOR CORP COM 232806109 1,055 100,000 SH Put DFND 1 0 100,000 0
EP ENERGY CORP CL A 268785102 583,248 112,596,207 SH   DFND 2,3 0 112,596,207 0
GATX CORP COM 361448103 4,397 100,000 SH Put DFND 1 0 100,000 0
INTERNATIONAL BUSINESS MACHS COM 459200101 43,379 285,800 SH Put DFND 1 0 285,800 0
ISHARES TR IBOXX HI YD ETF 464288513 15,780 186,300 SH Put DFND 1 0 186,300 0
ISTAR INC COM 45031U101 9,590 1,000,000 SH Call DFND 1 0 1,000,000 0
ISTAR INC NOTE 3.000%11/1 45031UBR1 52,038 51,571,000 PRN   DFND 1 0 51,571,000 0
MANITOWOC INC COM 563571108 4,633 850,000 PRN   DFND 1 0 850,000 0
MICRON TECHNOLOGY INC COM 595112103 2,752 200,000 SH Call DFND 1 0 200,000 0
NORWEGIAN CRUISE LINE HLDGS SHS G66721104 1,438,375 36,103,782 SH   DFND 2 0 36,103,782 0
NRG ENERGY INC COM NEW 629377508 2,249 150,000 SH Call DFND 1 0 150,000 0
NRG YIELD INC CL A NEW 62942X306 7,911 519,780 SH   DFND 1 0 519,780 0
NRG YIELD INC CL C 62942X405 967 62,020 SH   DFND 1 0 62,020 0
RADIO ONE INC CL D NON VTG 75040P405 2,483 778,389 SH   DFND 1 0 778,389 0
RELM WIRELESS CORP COM 759525108 962 188,971 SH   DFND 1 0 188,971 0
SCIENTIFIC GAMES CORP CL A 80874P109 1,838 200,000 SH Call DFND 1 0 200,000 0
SOUTHWESTERN ENERGY CO COM 845467109 6,290 500,000 SH Put DFND 1 0 500,000 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 261,844 1,250,000 SH Put DFND 1 0 1,250,000 0
STAPLES INC COM 855030102 8,620 1,000,000 SH Call DFND 1 0 1,000,000 0
TERRAFORM PWR INC CL A COM 88104R100 5,159 473,273 SH   DFND 1 0 473,273 0
TERRAFORM PWR INC CL A COM 88104R100 2,725 250,000 SH Call DFND 1 0 250,000 0
TIME WARNER INC COM NEW 887317303 3,677 50,000 SH Call DFND 1 0 50,000 0
WALTER INVT MGMT CORP NOTE 4.500%11/0 93317WAA0 13,787 34,575,000 PRN   DFND 1 0 34,575,000 0
WINTHROP RLTY TR SH BEN INT NEW 976391300 26,400 3,003,461 SH   DFND 1 0 3,003,461 0
GENCO SHIPPING & TRADING LTD SHS NEW Y2685T115 5,837 10,240,593 SH   DFND 1 0 10,240,593 0