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
MALLINCKRODT PUB LTD CO PUT G5785G107 8,962 200,000 SH Put DFND 1 0 200,000 0
WEATHERFORD INTL PLC PUT G48833950 5,805 1,500,000 SH Put DFND 1 0 1,500,000 0
ADVANCED EMISSIONS SOLUTS IN COM 00770C101 5,802 633,388 SH   DFND 1 0 633,388 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 1,627 104,300 SH Put DFND 1 0 104,300 0
AMERICAN EQTY INVT LIFE HLD COM 025676206 85,845 3,266,544 SH   DFND 1 0 3,266,544 0
ANTERO RES CORP COM 03674X106 1,802 83,401 SH   DFND 1 0 83,401 0
APOLLO INVT CORP COM 03761U106 56,777 8,885,229 SH   DFND 1 0 8,885,228 0
APOLLO COML REAL EST FIN INC COM 03762U105 41,513 2,237,912 SH   DFND 1 0 2,237,912 0
APOLLO SR FLOATING RATE FD I COM 037636107 1,775 105,236 SH   DFND 1 0 105,236 0
APOLLO TACTICAL INCOME FD IN COM 037638103 85 5,236 SH   DFND 1 0 5,236 0
BANK OF NOVA SCOTIA NOTE 4.500%12/1 064159HB5 26,321 25,000,000 SH   DFND 1 0 25,000,000 0
BLACKROCK DEBT STRAT FD INC COM NEW 09255R202 759 65,778 SH   DFND 1 0 65,778 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 751 47,155 SH   DFND 1 0 47,155 0
BLUE BUFFALO PET PRODS INC COM 09531U102 5,634 247,000 SH Put DFND 1 0 247,000 0
BONANZA CREEK ENERGY INC COM NEW 097793400 35,158 1,108,747 SH   DFND 1 0 1,108,747 0
BOOZ ALLEN HAMILTON HLDG COR CL A 099502106 9,762 300,000 SH Put DFND 1 0 300,000 0
CNX COAL RES LP COM UNIT RP LP 12592V100 3,634 243,047 SH   DFND 1 0 243,047 0
CAESARS ENTMT CORP COM 127686103 317,944 26,495,304 SH   DFND 2 0 26,495,304 0
CAESARS ACQUISITION CO CL A 12768T103 533,307 27,995,124 SH   DFND 2 0 27,995,124 0
CENTURYLINK INC COM 156700106 6,253 261,849 SH   DFND 1 0 261,849 0
CENVEO INC COM NEW 15670S402 167 27,468 SH   DFND 1 0 27,468 0
DYNEGY INC NEW DEL UNIT 07/01/20191 26817R405 8,682 139,626 PRN   DFND 1 0 139,626 0
EP ENERGY CORP CL A 268785102 412,102 112,596,207 SH   DFND 2, 3 0 6,255,345 0
EATON VANCE FLTING RATE INC COM 278279104 606 40,000 SH   DFND 1 0 40,000 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 25,536 400,000 SH Put DFND 1 0 400,000 0
FRONTIER COMMUNICATIONS CORP PFD CONV SER-A 35906A207 2,208 75,000 PRN   DFND 1 0 75,000 0
GATX CORP COM 361448103 12,854 200,000 SH Put DFND 1 0 200,000 0
GRAY TELEVISION INC COM 389375106 1,370 100,000 SH   DFND 1 0 100,000 0
HERTZ GLOBAL HLDGS INC COM 42806J106 3,430 298,289 SH   DFND 1 0 298,289 0
ISTAR INC COM 45031U101 1,951 162,006 SH   DFND 1 0 162,006 0
INVESCO SR INCOME TR COM 46131H107 1,620 355,254 SH   DFND 1 0 355,254 0
ISHARES TR U.S. REAL ES ETF 464287739 13,242 166,000 SH Put DFND 1 0 166,000 0
ISHARES TR IBOXX HI YD ETF 464288513 74,265 840,200 SH Put DFND 1 0 840,200 0
ISHARES INC MSCI SINGPOR ETF 46434G780 11,810 500,000 SH Put DFND 1 0 500,000 0
MACERICH CO COM 554382101 3,039 52,350 SH   DFND 1 0 52,350 0
NRG YIELD INC CL A NEW 62942X306 29,899 1,752,576 SH Call DFND 1 0 400,000 0
NUCOR CORP COM 670346105 30,717 530,800 SH Call DFND 1 0 530,800 0
PARSLEY ENERGY INC CL A 701877102 414,418 14,933,971 SH   DFND 3 0 14,933,971 0
PATTERN ENERGY GROUP INC NOTE 4.000% 7/1 70338PAB6 37,432 35,756,000 PRN   DFND 1 0 35,756,000 0
PRESIDIO INC COM 74102M103 958,770 67,000,000 SH   DFND 2 0 67,000,000 0
PRUDENTIAL GLB SHT DUR HG YL COM 74433A109 904 60,838 SH   DFND 1 0 60,838 0
PRUDENTIAL SHT DURATION HG Y COM 74442F107 3,462 226,705 SH   DFND 1 0 226,705 0
RPC INC COM 749660106 10,105 500,000 SH Put DFND 1 0 500,000 0
RELM WIRELESS CORP COM 759525108 718 188,971 SH   DFND 1 0 188,971 0
ROYAL BK OF SCOTLAND PLC DEBT 7.500%12/3 780099CJ4 9,311 9,000,000 SH   DFND 1 0 9,000,000 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 318,813 1,318,500 SH Put DFND 1 0 1,318,500 0
SANDRIDGE ENERGY INC COM NEW 80007P869 20,816 1,209,552 SH   DFND 1 0 1,209,552 0
SANOFI RIGHT 12/31/2020 80105N113 734 1,931,736 SH   DFND 1 0 1,931,736 0
SIMON PPTY GROUP INC NEW COM 828806109 3,235 20,000 SH Put DFND 1 0 20,000 0
SINCLAIR BROADCAST GROUP INC CL A 829226109 33,009 1,003,300 SH Call DFND 1 0 1,003,300 0
SUNPOWER CORP COM 867652406 1,868 200,000 SH Call DFND 1 0 200,000 0
SUNPOWER CORP DBCV 4.000% 1/1 867652AL3 19,755 22,385,000 PRN   DFND 1 0 22,385,000 0
SYNCHRONOSS TECHNOLOGIES INC COM 87157B103 13,028 792,000 SH Put DFND 1 0 792,000 0
SYNCHRONOSS TECHNOLOGIES INC NOTE 0.750% 8/1 87157BAA1 7,437 8,000,000 PRN   DFND 1 0 8,000,000 0
TENET HEALTHCARE CORP COM NEW 88033G407 2,418 125,000 SH   DFND 1 0 125,000 0
TESLA INC COM 88160R101 11,861 32,800 SH Put DFND 1 0 32,800 0
TORONTO DOMINION BK ONT NOTE 3.625% 9/1 891160MJ9 24,845 25,000,000 SH   DFND 1 0 25,000,000 0
TRINITY INDS INC NOTE 3.875% 6/0 896522AF6 4,604 3,653,000 PRN   DFND 1 0 3,653,000 0
URBAN ONE INC CL D NON VTG 91705J204 1,804 801,939 SH   DFND 1 0 801,939 0
VISTRA ENERGY CORP COM 92840M102 887,790 52,876,115 SH   DFND 1, 2, 3 0 52,876,115 0
WARRIOR MET COAL INC COM 93627C101 173,185 10,110,015 SH   DFND 1, 2, 3 0 10,110,015 0
WEATHERFORD INTL LTD NOTE 5.875% 7/0 947075AH0 47,133 46,500,000 PRN   DFND 1 0 46,500,000 0
WELLS FARGO MULTI SECTOR INC COM 94987D101 397 29,749 SH   DFND 1 0 29,749 0
WESTMORELAND COAL CO COM 960878106 669 137,374 SH   DFND 1 0 137,374 0
WHITING PETE CORP NEW COM 966387102 1,598 290,000 SH Call DFND 1 0 290,000 0
ATLANTICA YIELD PLC SHS G0751N103 2,136 100,000 SH   DFND 1 0 100,000 0
NORWEGIAN CRUISE LINE HLDGS SHS G66721104 1,960,074 36,103,782 SH   DFND 1, 2 0 32,313,554 0
GENCO SHIPPING & TRADING LTD SHS Y2685T131 51,288 5,415,805 SH   DFND 1 0 5,415,805 0