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 NOTE 2.125% 9/0 007903BD8 10,875 10,000,000 PRN   DFND   10,000,000 0 0
ALLY FINL INC COM 02005N100 184,519 9,477,131 SH   DFND   9,477,131 0 0
ASCENT CAP GROUP INC NOTE 4.000% 7/1 043632AA6 15,538 22,350,000 PRN   DFND   22,350,000 0 0
BERRY PLASTICS GROUP INC COM 08579W103 156,479 3,568,501 SH   DFND   3,568,501 0 0
BROOKDALE SR LIVING INC COM 112463104 110,838 6,351,766 SH   DFND   6,351,766 0 0
CAESARS ACQUISITION CO CL A 12768T103 24,739 1,991,847 SH   DFND   1,991,847 0 0
CAESARS ENTMT CORP COM 127686103 21,755 2,920,114 SH   DFND   2,920,114 0 0
CALIFORNIA RES CORP COM NEW 13057Q206 1,589 127,118 SH   DFND   127,118 0 0
CF CORP SHS CL A G20307107 39,160 4,000,000 SH   DFND   4,000,000 0 0
CF CORP *W EXP 05/25/202 G20307115 1,400 200,000,000 SH Call DFND   200,000,000 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 9,901 160,946 SH   DFND   160,946 0 0
CLEAR CHANNEL OUTDOOR HLDGS CL A 18451C109 19,828 3,395,212 SH   DFND   3,395,212 0 0
CLUBCORP HLDGS INC COM 18948M108 37,282 2,576,493 SH   DFND   2,576,493 0 0
COMCAST CORP NEW CL A 20030N101 85,663 1,291,269 SH   DFND   1,291,269 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 11,540 1,000,000 SH   DFND   1,000,000 0 0
COMMUNITY HEALTH SYS INC NEW RIGHT 99/99/9999 203668116 4 496,735 SH   DFND   496,735 0 0
CUMULUS MEDIA INC CL A 231082108 592 179,594,100 SH Call DFND   179,594,100 0 0
DELL TECHNOLOGIES INC COM CL V 24703L103 29,918 625,905 SH   DFND   625,905 0 0
DHT HOLDINGS INC DEBT 4.500%10/0 23335SAB2 4,444 5,000,000 PRN   DFND   5,000,000 0 0
GILEAD SCIENCES INC COM 375558103 54,642 690,621 SH   DFND   690,621 0 0
GOLDEN OCEAN GROUP LTD SHS NEW G39637205 2,708 667,537 SH   DFND   667,537 0 0
HCA HOLDINGS INC COM 40412C101 48,991 647,771 SH   DFND   647,771 0 0
KINSALE CAP GROUP INC COM 49714P108 2,299 116,119 SH   DFND   116,119 0 0
LINKEDIN CORP COM CL A 53578A108 14,334 75,000 SH   DFND   75,000 0 0
MGM RESORTS INTERNATIONAL COM 552953101 458,744 17,623,648 SH   DFND   17,623,648 0 0
NAVIENT CORP COM 63938C108 7,400 511,396 SH   DFND   511,396 0 0
NAVIENT CORP COM 63938C108 1,101 1,209,700 SH Call DFND   1,209,700 0 0
NEXEO SOLUTIONS INC *W EXP 06/09/202 65342H110 1,746 281,579,400 SH Call DFND   281,579,400 0 0
OI S A SPONSORED ADR NE 670851500 3,016 530,900 SH   DFND   530,900 0 0
PNC FINL SVCS GROUP INC COM 693475105 6,761 75,042 SH   DFND   75,042 0 0
RITE AID CORP COM 767754104 11,207 1,457,300 SH   DFND   1,457,300 0 0
SANTANDER CONSUMER USA HDG I COM 80283M101 32,789 2,696,491 SH   DFND   2,696,491 0 0
SERVICE CORP INTL COM 817565104 67,472 2,542,269 SH   DFND   2,542,269 0 0
SOLARCITY CORP NOTE 1.625%11/0 83416TAC4 95,531 127,374,000 PRN   DFND   127,374,000 0 0
SUNRUN INC COM 86771W105 16,758 2,660,000 SH   DFND   2,660,000 0 0
SUNRUN INC COM 86771W105 150 75,000,000 SH Call DFND   75,000,000 0 0
TESLA MTRS INC COM 88160R101 2,681 13,138 SH   DFND   13,138 0 0
TESLA MTRS INC COM 88160R101 6,772 142,800 SH Put DFND   142,800 0 0
TESLA MTRS INC NOTE 1.250% 3/0 88160RAC5 56,644 66,250,000 PRN   DFND   66,250,000 0 0
VALVOLINE INC COM 92047W101 2,348 99,975 SH   DFND   99,975 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100 43,117 494,403 SH   DFND   494,403 0 0
YAHOO INC COM 984332106 896,634 20,803,565 SH   DFND   20,803,565 0 0