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
ADIENT PLC ORD SHS G0084W101 18,610 766,802 SH   DFND 1 766,802 0 0
ADIENT PLC ORD SHS G0084W101 4,480 184,595 SH   SOLE   184,595 0 0
ADIENT PLC ORD SHS G0084W101 1,541 63,500 SH Call SOLE   63,500 0 0
ALCOA CORP COM 013872106 8,130 347,290 SH   SOLE   347,290 0 0
ALCOA CORP COM 013872106 11,619 496,335 SH   DFND 1 496,335 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 2,192 87,000 SH   SOLE   87,000 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 15,372 610,000 SH   DFND 1 610,000 0 0
ARCONIC INC COM 03965L100 7,135 276,349 SH   SOLE   276,349 0 0
ARCONIC INC COM 03965L100 17,071 661,151 SH   DFND 1 661,151 0 0
ASCENT CAP GROUP INC COM SER A 043632108 197 182,435 SH   SOLE   182,435 0 0
ASCENT CAP GROUP INC COM SER A 043632108 173 160,565 SH   DFND 1 160,565 0 0
ASSURED GUARANTY LTD COM G0585R106 10,730 255,000 SH   DFND 1 255,000 0 0
ASSURED GUARANTY LTD COM G0585R106 1,229 29,200 SH   SOLE   29,200 0 0
BONANZA CREEK ENERGY INC COM NEW 097793400 8,874 425,000 SH   DFND 4 425,000 0 0
BONANZA CREEK ENERGY INC COM NEW 097793400 4,034 193,204 SH   SOLE   193,204 0 0
CAESARS ENTMT CORP COM 127686103 40,472 3,424,000 SH Call DFND 1 3,424,000 0 0
CAESARS ENTMT CORP COM 127686103 4,444 376,000 SH Call SOLE   376,000 0 0
CARDINAL HEALTH INC COM 14149Y108 518 11,000 SH Put SOLE   11,000 0 0
CARDINAL HEALTH INC COM 14149Y108 3,273 69,500 SH Put DFND 1 69,500 0 0
CHENIERE ENERGY INC COM NEW 16411R208 1,232 18,000 SH   SOLE   18,000 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 10,183 2,157,514 SH   SOLE   2,157,514 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 2,373 502,819 SH   DFND 1 502,819 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 1,646 348,687 SH   DFND 2 348,687 0 0
CONSTELLIUM NV CL A N22035104 14,257 1,420,000 SH   DFND 1 1,420,000 0 0
CONSTELLIUM NV CL A N22035104 1,697 169,000 SH   SOLE   169,000 0 0
CORNERSTONE BLDG BRANDS INC COM 21925D109 352 60,300 SH   SOLE   60,300 0 0
CUMULUS MEDIA INC COM CLASS A 231082801 4,253 229,262 SH   DFND 2 229,262 0 0
CUMULUS MEDIA INC COM CLASS A 231082801 26,393 1,422,795 SH   SOLE   1,422,795 0 0
CUMULUS MEDIA INC COM CLASS A 231082801 13,261 714,882 SH   DFND 1 714,882 0 0
DELL TECHNOLOGIES INC CL C 24703L202 4,274 84,137 SH   SOLE   84,137 0 0
DIEBOLD NXDF INC COM 253651103 6,670 728,201 SH   DFND 1 728,201 0 0
DIEBOLD NXDF INC COM 253651103 1,574 171,799 SH   SOLE   171,799 0 0
DONNELLEY R R & SONS CO COM 257867200 2,072 1,052,000 SH   DFND 1 1,052,000 0 0
DONNELLEY R R & SONS CO COM 257867200 581 295,000 SH   SOLE   295,000 0 0
ELEMENT SOLUTIONS INC COM 28618M106 202 19,500 SH   SOLE   19,500 0 0
ENSCO ROWAN PLC SHS CLASS A G3166L100 5,640 661,179 SH   SOLE   661,179 0 0
ENSCO ROWAN PLC SHS CLASS A G3166L100 13,969 1,637,586 SH   DFND 1 1,637,586 0 0
ENSCO ROWAN PLC SHS CLASS A G3166L100 4,354 510,417 SH   DFND 4 510,417 0 0
FERRO CORP COM 315405100 1,290 81,629 SH   SOLE   81,629 0 0
FERRO CORP COM 315405100 9,849 623,371 SH   DFND 1 623,371 0 0
FORTERRA INC COM 34960W106 1,456 293,000 SH   SOLE   293,000 0 0
FORTERRA INC COM 34960W106 12,177 2,450,000 SH   DFND 1 2,450,000 0 0
GENERAL ELECTRIC CO COM 369604103 24,570 2,340,000 SH Put DFND 1 2,340,000 0 0
GENERAL ELECTRIC CO COM 369604103 2,310 220,000 SH Put SOLE   220,000 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 2,801 15,000 SH Put SOLE   15,000 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 34,547 185,000 SH Call SOLE   185,000 0 0
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 1,009 103,175 SH   SOLE   103,175 0 0
IRSA PROPIEDADES COMERCIALES SPONSORED ADR 463588103 467 22,860 SH   SOLE   22,860 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 152,390 980,000 SH Call SOLE   980,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 15,550 100,000 SH Put SOLE   100,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 326,925 3,750,000 SH Put SOLE   3,750,000 0 0
LIBBEY INC COM 529898108 4,023 2,162,908 SH   DFND 1 2,162,908 0 0
LIBBEY INC COM 529898108 460 247,092 SH   SOLE   247,092 0 0
LIBERTY MEDIA CORP DEB 3.750% 2/1 530715AL5 92,181 135,311,000 PRN   SOLE   135,311,000 0 0
LIBERTY MEDIA CORP DEB 3.750% 2/1 530715AL5 11,373 16,695,000 PRN   DFND 2 16,695,000 0 0
LIBERTY MEDIA CORP DEB 4.000%11/1 530715AG6 3,468 4,945,000 PRN   DFND 2 4,945,000 0 0
LIBERTY MEDIA CORP DEB 4.000%11/1 530715AG6 27,326 38,968,000 PRN   SOLE   38,968,000 0 0
MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 33,782 3,263,919 SH   DFND 1 3,263,919 0 0
MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 4,078 394,016 SH   SOLE   394,016 0 0
MAGNACHIP SEMICONDUCTOR SA NOTE 5.000% 3/0 55932XAB0 1,499 1,100,000 PRN   DFND 2 1,100,000 0 0
MAGNACHIP SEMICONDUCTOR SA NOTE 5.000% 3/0 55932XAB0 10,683 7,841,000 PRN   SOLE   7,841,000 0 0
MAGNACHIP SEMICONDUCTOR SA NOTE 5.000% 3/0 55932XAB0 18,338 13,459,000 PRN   DFND 1 13,459,000 0 0
MARATHON PETE CORP COM 56585A102 10,757 192,498 SH   DFND 4 192,498 0 0
MARATHON PETE CORP COM 56585A102 6,207 111,085 SH   SOLE   111,085 0 0
MARATHON PETE CORP COM 56585A102 10,397 186,067 SH   DFND 1 186,067 0 0
NOBLE CORP PLC SHS USD G65431101 1,767 945,000 SH   DFND 1 945,000 0 0
NOBLE CORP PLC SHS USD G65431101 1,351 722,270 SH   DFND 4 722,270 0 0
NOBLE CORP PLC SHS USD G65431101 836 446,886 SH   SOLE   446,886 0 0
PARKER DRILLING CO COM 701081507 17,492 862,506 SH   DFND 4 862,506 0 0
PARKER DRILLING CO COM 701081507 28,322 1,396,553 SH   SOLE   1,396,553 0 0
PARKER DRILLING CO COM 701081507 14,873 733,402 SH   DFND 1 733,402 0 0
PARKER DRILLING CO COM 701081507 5,939 292,869 SH   DFND 2 292,869 0 0
PEABODY ENERGY CORP NEW COM 704551100 6,751 280,134 SH   SOLE   280,134 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869 625 90,389 SH   SOLE   90,389 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869 174 25,161 SH   DFND 2 25,161 0 0
SANOFI RIGHT 12/31/2020 80105N113 1,542 2,966,337 SH   SOLE   2,966,337 0 0
SANOFI RIGHT 12/31/2020 80105N113 4,837 9,302,288 SH   DFND 1 9,302,288 0 0
SCIENTIFIC GAMES CORP COM 80874P109 347 17,500 SH   SOLE   17,500 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 79,920 600,000 SH Call SOLE   600,000 0 0
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 3,639 95,000 SH Put SOLE   95,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 365,312 1,246,800 SH Put SOLE   1,246,800 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 133,872 456,900 SH Put DFND 1 456,900 0 0
SPDR SERIES TRUST S&P METALS MNG 78464A755 15,921 561,000 SH Call DFND 1 561,000 0 0
SPDR SERIES TRUST S&P METALS MNG 78464A755 1,958 69,000 SH Call SOLE   69,000 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 81,750 3,000,000 SH Put DFND 4 3,000,000 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 38,218 1,402,500 SH Put SOLE   1,402,500 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 2,474 90,800 SH Call SOLE   90,800 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 18,018 661,200 SH Call DFND 1 661,200 0 0
TRANSOCEAN LTD REG SHS H8817H100 9,766 1,523,500 SH   DFND 1 1,523,500 0 0
TRANSOCEAN LTD REG SHS H8817H100 1,096 171,050 SH   SOLE   171,050 0 0
TRECORA RES COM 894648104 6,603 690,013 SH   SOLE   690,013 0 0
URBAN ONE INC CL D NON VTG 91705J204 7,300 3,724,377 SH   DFND 1 3,724,377 0 0
URBAN ONE INC CL D NON VTG 91705J204 429 218,844 SH   SOLE   218,844 0 0
VISTRA ENERGY CORP COM 92840M102 34,117 1,506,941 SH   SOLE   1,506,941 0 0
VISTRA ENERGY CORP COM 92840M102 23,308 1,029,506 SH   DFND 1 1,029,506 0 0
VISTRA ENERGY CORP COM 92840M102 6,691 295,544 SH   DFND 2 295,544 0 0
VISTRA ENERGY CORP *W EXP 02/02/202 92840M128 57 29,389 SH   SOLE   29,389 0 0