UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| 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 |
| ATI PHYSICAL THERAPY INC | COM CL A | 00216W109 | 3,943,613 | 12,929,880 | SH | DFND | 1,2,3 | 12,929,880 | 0 | 0 | |
| BRAEMAR HOTELS & RESORTS INC | NOTE 4.500% 6/0 | 10482BAB7 | 4,716,905 | 5,000,000 | PRN | DFND | 1,2,3 | 5,000,000 | 0 | 0 | |
| BRAEMAR HOTELS & RESORTS INC | COM | 10482B101 | 6,160,631 | 1,498,937 | SH | DFND | 1,2,3 | 1,498,937 | 0 | 0 | |
| COINBASE GLOBAL INC | NOTE 0.500% 6/0 | 19260QAB3 | 38,987,979 | 69,025,000 | PRN | DFND | 1,2,3 | 69,025,000 | 0 | 0 | |
| GLOBAL BLUE GROUP HOLDING AG | ORD SHS | H33700107 | 42,998,666 | 9,286,969 | SH | DFND | 1,2,3,4,5, 6, 7 | 9,286,969 | 0 | 0 | |
| HERTZ GLOBAL HLDGS INC | COM NEW | 42806J700 | 2,792,599,668 | 181,455,469 | SH | DFND | 1,2,3,4,5, 6, 7 | 181,455,469 | 0 | 0 | |
| ISHARES TR | IBOXX HI YD ETF | 464288513 | 184,075,000 | 2,500,000 | SH | Put | DFND | 1,2,3 | 2,500,000 | 0 | 0 |
| SABRE CORP | COM | 78573M104 | 74,160,000 | 12,000,000 | SH | Call | DFND | 1,2,3 | 12,000,000 | 0 | 0 |
| SABRE CORP | COM | 78573M104 | 864,582 | 139,900 | SH | DFND | 1,2,3 | 139,900 | 0 | 0 | |
| SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 573,645,000 | 1,500,000 | SH | Put | DFND | 1,2,3 | 1,500,000 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 | 87,470,000 | 1,000,000 | SH | Put | DFND | 1,2,3 | 1,000,000 | 0 | 0 |