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

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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
GENCO SHIPPING & TRADING LTD SHS Y2685T131 144,552 10,165,428 SH   SOLE 10,165,428 0 0
ISHARES TR IBOXX HI YD ETF 464288513 119,840 1,400,000 SH Put SOLE 1,400,000 0 0
PENN VA CORP NEW COM 70788V102 53,758 1,534,180 SH   SOLE 1,534,180 0 0
SEADRILL PARTNERS LLC COMUNIT REP LB Y7545W109 10,175 3,700,000 SH   SOLE 3,700,000 0 0
SILVERBOW RES INC COM 82836G102 130,265 4,476,462 SH   SOLE 4,476,462 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 248,675 945,000 SH Put SOLE 945,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 30,525 116,000 SH   SOLE 116,000 0 0
TERRAFORM PWR INC COM CL A 88104R209 149,199 13,904,890 SH   SOLE 13,904,890 0 0