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 5,566 261,923 SH   SOLE   261,923 0 0
ADIENT PLC ORD SHS G0084W101 1,349 63,500 SH Call SOLE   63,500 0 0
ADIENT PLC ORD SHS G0084W101 11,196 526,853 SH   DFND 1 526,853 0 0
AKORN INC COM 009728106 563 375,000 SH Call SOLE   375,000 0 0
AKORN INC COM 009728106 1,688 1,125,000 SH Call DFND 1 1,125,000 0 0
AMPLIFY ENERGY CORP NEW COM 03212B103 3,815 577,134 SH   DFND 1 577,134 0 0
AMPLIFY ENERGY CORP NEW COM 03212B103 21,004 3,177,596 SH   SOLE   3,177,596 0 0
AMPLIFY ENERGY CORP NEW COM 03212B103 1,631 246,700 SH   DFND 2 246,700 0 0
ARCONIC INC COM 03965L100 1,046 34,000 SH   SOLE   34,000 0 0
ASSURED GUARANTY LTD COM G0585R106 2,898 59,113 SH   SOLE   59,113 0 0
ASSURED GUARANTY LTD COM G0585R106 11,034 225,087 SH   DFND 1 225,087 0 0
AUTOLIV INC COM 052800109 9,133 108,200 SH Call DFND 1 108,200 0 0
AUTOLIV INC COM 052800109 1,840 21,800 SH Call SOLE   21,800 0 0
BONANZA CREEK ENERGY INC COM NEW 097793400 6,462 276,857 SH   SOLE   276,857 0 0
CARDINAL HEALTH INC COM 14149Y108 981 19,400 SH Put SOLE   19,400 0 0
CARDINAL HEALTH INC COM 14149Y108 3,298 65,200 SH Put DFND 1 65,200 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 11,282 3,944,654 SH   DFND 1 3,944,654 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 10,209 3,569,590 SH   SOLE   3,569,590 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 997 348,687 SH   DFND 2 348,687 0 0
CLIPPER RLTY INC COM 18885T306 1,809 170,624 SH   SOLE   170,624 0 0
CLIPPER RLTY INC COM 18885T306 4,649 438,616 SH   DFND 1 438,616 0 0
COLONY CAP INC NEW CL A COM 19626G108 2,289 481,845 SH   SOLE   481,845 0 0
COLONY CAP INC NEW CL A COM 19626G108 5,069 1,067,155 SH   DFND 1 1,067,155 0 0
COLONY CR REAL ESTATE INC COM CL A 19625T101 1,981 150,500 SH   SOLE   150,500 0 0
COMMSCOPE HLDG CO INC COM 20337X109 596 42,000 SH   SOLE   42,000 0 0
CONSTELLIUM SE CL A SHS F21107101 2,659 198,461 SH   SOLE   198,461 0 0
CONSTELLIUM SE CL A SHS F21107101 9,072 677,000 SH   DFND 1 677,000 0 0
CORNERSTONE BLDG BRANDS INC COM 21925D109 513 60,300 SH   SOLE   60,300 0 0
CUMULUS MEDIA INC COM CLASS A 231082801 7,301 415,559 SH   DFND 1 415,559 0 0
CUMULUS MEDIA INC COM CLASS A 231082801 22,850 1,300,508 SH   SOLE   1,300,508 0 0
CUMULUS MEDIA INC COM CLASS A 231082801 4,028 229,262 SH   DFND 2 229,262 0 0
DIEBOLD NXDF INC COM 253651103 2,154 204,000 SH   SOLE   204,000 0 0
DIEBOLD NXDF INC COM 253651103 5,037 477,000 SH   DFND 1 477,000 0 0
DONNELLEY R R & SONS CO COM 257867200 1,842 466,406 SH   SOLE   466,406 0 0
DONNELLEY R R & SONS CO COM 257867200 3,668 928,594 SH   DFND 1 928,594 0 0
ELEMENT SOLUTIONS INC COM 28618M106 228 19,500 SH   SOLE   19,500 0 0
FERRO CORP COM 315405100 5,368 362,000 SH   SOLE   362,000 0 0
FERRO CORP COM 315405100 11,034 744,000 SH   DFND 1 744,000 0 0
FORTERRA INC COM 34960W106 4,364 377,509 SH   SOLE   377,509 0 0
FORTERRA INC COM 34960W106 11,606 1,003,954 SH   DFND 1 1,003,954 0 0
GLOBAL SHIP LEASE INC NEW COM CL A Y27183600 2,649 300,000 SH   SOLE   300,000 0 0
IHEARTMEDIA INC COM CL A 45174J509 16,301 964,555 SH   DFND 1 964,555 0 0
IHEARTMEDIA INC COM CL A 45174J509 26,616 1,574,907 SH   SOLE   1,574,907 0 0
IHEARTMEDIA INC COM CL A 45174J509 3,773 223,267 SH   DFND 2 223,267 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 15,499 72,900 SH Put SOLE   72,900 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 61,040 287,100 SH Put DFND 1 287,100 0 0
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 714 103,175 SH   SOLE   103,175 0 0
IRSA PROPIEDADES COMERCIALES SPONSORED ADR 463588103 400 23,903 SH   SOLE   23,903 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 1,667 10,059 SH   SOLE   10,059 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 4,961 29,941 SH   DFND 1 29,941 0 0
LCI INDS COM 50189K103 18,051 168,500 SH Put DFND 1 168,500 0 0
LCI INDS COM 50189K103 803 7,500 SH Put SOLE   7,500 0 0
LIBERTY MEDIA CORP DEB 4.000%11/1 530715AG6 3,437 4,945,000 PRN   DFND 2 4,945,000 0 0
LIBERTY MEDIA CORP DEB 3.750% 2/1 530715AL5 104,265 152,211,000 PRN   SOLE   152,211,000 0 0
LIBERTY MEDIA CORP DEB 3.750% 2/1 530715AL5 11,909 17,385,000 PRN   DFND 2 17,385,000 0 0
LIBERTY MEDIA CORP DEB 4.000%11/1 530715AG6 26,718 38,443,000 PRN   SOLE   38,443,000 0 0
MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 21,230 1,828,564 SH   DFND 1 1,828,564 0 0
MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 6,946 598,316 SH   SOLE   598,316 0 0
MAGNACHIP SEMICONDUCTOR SA NOTE 5.000% 3/0 55932XAB0 13,536 8,979,000 PRN   SOLE   8,979,000 0 0
MAGNACHIP SEMICONDUCTOR SA NOTE 5.000% 3/0 55932XAB0 1,658 1,100,000 PRN   DFND 2 1,100,000 0 0
MAGNACHIP SEMICONDUCTOR SA NOTE 5.000% 3/0 55932XAB0 17,909 11,880,000 PRN   DFND 1 11,880,000 0 0
MARATHON PETE CORP COM 56585A102 1,506 25,000 SH Call SOLE   25,000 0 0
NOBLE CORP PLC SHS USD G65431101 1,018 834,148 SH   DFND 1 834,148 0 0
NOBLE CORP PLC SHS USD G65431101 276 225,852 SH   SOLE   225,852 0 0
PARKER DRILLING CO COM 701081507 49,644 2,216,262 SH   SOLE   2,216,262 0 0
PARKER DRILLING CO COM 701081507 6,546 292,237 SH   DFND 2 292,237 0 0
PARKER DRILLING CO COM 701081507 13,370 596,858 SH   DFND 1 596,858 0 0
PEABODY ENERGY CORP NEW COM 704551100 3,066 336,134 SH   SOLE   336,134 0 0
PG&E CORP COM 69331C108 24,013 2,209,100 SH Call DFND 1 2,209,100 0 0
PG&E CORP COM 69331C108 8,597 790,900 SH Call SOLE   790,900 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 1,014 17,200 SH   SOLE   17,200 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869 107 25,161 SH   DFND 2 25,161 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869 383 90,389 SH   SOLE   90,389 0 0
SANOFI RIGHT 12/31/2020 80105N113 3,918 4,554,578 SH   SOLE   4,554,578 0 0
SANOFI RIGHT 12/31/2020 80105N113 7,063 8,211,073 SH   DFND 1 8,211,073 0 0
SCIENTIFIC GAMES CORP COM 80874P109 469 17,500 SH   SOLE   17,500 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 85,740 600,000 SH Call SOLE   600,000 0 0
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 3,875 95,000 SH Put SOLE   95,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 90,475 281,100 SH Call DFND 1 281,100 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 171,841 533,900 SH Call SOLE   533,900 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 189,897 590,000 SH Put DFND 1 590,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 59,866 186,000 SH Put SOLE   186,000 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 522 22,000 SH   SOLE   22,000 0 0
TRANSOCEAN LTD REG SHS H8817H100 2,408 350,014 SH   SOLE   350,014 0 0
TRANSOCEAN LTD REG SHS H8817H100 9,288 1,350,000 SH   DFND 1 1,350,000 0 0
TRECORA RES COM 894648104 940 131,457 SH   SOLE   131,457 0 0
TURNING PT BRANDS INC COM 90041L105 9,317 326,000 SH   SOLE   326,000 0 0
URBAN ONE INC CL D NON VTG 91705J204 6,246 3,287,377 SH   DFND 1 3,287,377 0 0
URBAN ONE INC CL D NON VTG 91705J204 1,246 655,844 SH   SOLE   655,844 0 0
VISTRA ENERGY CORP COM 92840M102 2,332 101,447 SH   DFND 2 101,447 0 0
VISTRA ENERGY CORP *W EXP 02/02/202 92840M128 64 29,389 SH   SOLE   29,389 0 0
VISTRA ENERGY CORP COM 92840M102 14,303 622,140 SH   SOLE   622,140 0 0