UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F Cover Page
Report for the Calendar Year or Quarter Ended March 31, 2013
Check here if Amendment: |_|; Amendment Number:
This Amendment (Check only one): |_| is a restatement
|_| adds new holding entries.
Institutional Manager Filing this Report:
Name: Brigade Capital Management, LLC
Address: 399 Park Avenue, 16th Floor
New York, New York 10022
13F File Number: 028-12820
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Donald E. Morgan, III
Title: Managing Member
Phone: (212) 745-9700
Signature, Place and Date of Signing:
/s/ Donald E. Morgan, III New York, New York May 15, 2013
-------------------------- ---------------------- ----------------------
[Signature] [City, State] [Date]
Report Type: (Check only one):
[_] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report).
[_] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting managers(s).)
[X] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
Form 13F File Number Name
028-01190 Frank Russell Company
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 70
Form 13F Information Table Value Total: $1,514,661
(thousands)
List of Other Included Managers:
Form 13F File Number Name
1. 028-12821 Brigade Leveraged Capital Structures Fund Ltd.
FORM 13F INFORMATION TABLE
March 31, 2013
COL 1 COL 2 COL 3 COL 4 COL 5 COL 6 COL 7 COL 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHR VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MGRS SOLE SHARED NONE
-------------- -------------- ------ -------- -------- --- ---- ----------- ----- ---- ------ ----
ALLIANCE HEALTHCARE SRVCS IN COM PAR $0.01 018606301 7,491 964,143 SH Shared-Defined 1 964,143
AMERISTAR CASINOS INC COM 03070Q101 9,800 373,618 SH Shared-Defined 1 373,618
BEAZER HOMES USA INC COM NEW 07556Q881 20,063 1,266,600 SH Shared-Defined 1 1,266,600
BOEING CO COM 097023105 12,878 150,000 SH Shared-Defined 1 150,000
CARROLS RESTAURANT GROUP INC COM 14574X104 9,861 1,900,000 SH Shared-Defined 1 1,900,000
CEMEX SAB DE CV SPON ADR NEW 151290889 21,978 1,800,000 SH Shared-Defined 1 1,800,000
CENTRAL EUROPEAN MEDIA ENTRP CL A NEW G20045202 3,367 819,300 CALL Shared-Defined 1 819,300
CHENIERE ENERGY INC COM NEW 16411R208 812 29,000 SH Sole 29,000
CHENIERE ENERGY INC COM NEW 16411R208 23,520 840,000 SH Shared-Defined 1 840,000
CHESAPEAKE ENERGY CORP COM 165167107 12,210 600,000 PUT Shared-Defined 1 600,000
CHIPOTLE MEXICAN GRILL INC COM 169656105 8,027 25,000 PUT Shared-Defined 1 25,000
COMMUNITY HEALTH SYS INC NEW COM 203668108 16,160 341,000 SH Shared-Defined 1 341,000
CROSSTEX ENERGY INC COM 22765Y104 636 33,000 SH Sole 33,000
DRYSHIPS INC. NOTE 5.000%12/0 262498AB4 20,544 23,836,000 PRN Sole 23,836,000
DRYSHIPS INC. NOTE 5.000%12/0 262498AB4 35,720 41,445,000 PRN Shared-Defined 1 41,445,000
DYNEGY INC NEW DEL COM 26817R108 8,792 366,476 SH Sole 366,476
DYNEGY INC NEW DEL COM 26817R108 57,630 2,402,250 SH Shared-Defined 1 2,402,250
ENERGY XXI (BERMUDA) LTD USD UNRS SHS G10082140 20,959 770,000 SH Shared-Defined 1 770,000
FELCOR LODGING TR INC COM 31430F101 1,488 250,000 SH Sole 250,000
FELCOR LODGING TR INC COM 31430F101 12,495 2,100,000 SH Shared-Defined 1 2,100,000
FERRO CORP COM 315405100 992 147,000 SH Sole 147,000
FERRO CORP COM 315405100 30,259 4,482,769 SH Shared-Defined 1 4,482,769
FIFTH & PAC COS INC COM 316645100 25,501 1,350,700 SH Shared-Defined 1 1,350,700
FINISAR CORP COM NEW 31787A507 10,552 800,000 SH Shared-Defined 1 800,000
FOREST OIL CORP COM PAR $0.01 346091705 1,762 335,000 SH Sole 335,000
FOREST OIL CORP COM PAR $0.01 346091705 24,722 4,700,000 SH Shared-Defined 1 4,700,000
GENERAL MTRS CO COM 37045V100 13,910 500,000 SH Shared-Defined 1 500,000
GENERAL MTRS CO COM 37045V100 22,240 800,000 CALL Shared-Defined 1 800,000
HEALTH MGMT ASSOC INC NEW CL A 421933102 13,192 1,025,000 SH Shared-Defined 1 1,025,000
HOVNANIAN ENTERPRISES INC CL A 442487203 11,252 1,950,000 SH Shared-Defined 1 1,950,000
HOWARD HUGHES CORP COM 44267D107 25,143 300,000 SH Shared-Defined 1 300,000
ISHARES TR RUSSELL 2000 464287655 28,329 300,000 SH Shared-Defined 1 300,000
ISHARES TR RUSSELL 2000 464287655 251,532 2,700,000 CALL Shared-Defined 1 2,700,000
ISHARES TR RUSSELL 2000 464287655 186,320 2,000,000 PUT Shared-Defined 1 2,000,000
ISTAR FINL INC COM 45031U101 5,445 500,000 SH Shared-Defined 1 500,000
LEAP WIRELESS INTL INC NOTE 4.500% 7/1 521863AL4 20,375 20,000,000 PRN Sole 20,000,000
LEAP WIRELESS INTL INC NOTE 4.500% 7/1 521863AL4 30,546 29,984,000 PRN Shared-Defined 1 29,984,000
LIBERTY MEDIA CORP DEB 4.000%11/1 530715AG6 39,737 56,970,000 PRN Sole 56,970,000
LIBERTY MEDIA CORP DEB 4.000%11/1 530715AG6 26,296 37,700,000 PRN Shared-Defined 1 37,700,000
MASCO CORP COM 574599106 15,593 770,000 SH Shared-Defined 1 770,000
MTR GAMING GROUP INC COM 553769100 165 50,000 SH Sole 50,000
MTR GAMING GROUP INC COM 553769100 8,811 2,670,022 SH Shared-Defined 1 2,670,022
NAVISTAR INTL CORP NEW COM 63934E108 33,410 1,000,000 CALL Shared-Defined 1 1,000,000
NRG ENERGY INC COM NEW 629377508 1,761 66,479 SH Sole 66,479
NRG ENERGY INC COM NEW 629377508 47,682 1,800,000 SH Shared-Defined 1 1,800,000
OCEAN RIG UDW INC SHS Y64354205 8,055 500,000 SH Shared-Defined 1 500,000
PEABODY ENERGY CORP COM 704549104 740 35,000 SH Sole 35,000
RITE AID CORP COM 767754104 20,612 10,848,569 SH Shared-Defined 1 10,848,569
SAIC INC COM 78390X101 8,250 600,000 CALL Shared-Defined 1 600,000
SANDRIDGE ENERGY INC COM 80007P307 13,175 2,500,000 SH Shared-Defined 1 2,500,000
SHIP FINANCE INTERNATIONAL L NOTE 3.250% 2/0 G81075AE6 10,609 10,344,000 PRN Shared-Defined 1 10,344,000
SHIP FINANCE INTERNATIONAL L SHS G81075106 10,584 600,000 SH Shared-Defined 1 600,000
SILVER BAY RLTY TR CORP COM 82735Q102 2,358 113,925 SH Shared-Defined 1 113,925
SINCLAIR BROADCAST GROUP INC CL A 829226109 13,189 650,000 SH Shared-Defined 1 650,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 18,800 120,000 SH Shared-Defined 1 120,000
SUPERIOR ENERGY SVCS INC COM 868157108 473 18,202 SH Sole 18,202
SUPERIOR ENERGY SVCS INC COM 868157108 9,526 366,798 SH Shared-Defined 1 366,798
SUPERVALU INC COM 868536103 2,232 442,900 SH Sole 442,900
SUPERVALU INC COM 868536103 33,838 6,713,900 SH Shared-Defined 1 6,713,900
TWO HBRS INVT CORP COM 90187B101 29,318 2,325,000 SH Shared-Defined 1 2,325,000
U S G CORP COM NEW 903293405 15,071 570,000 SH Shared-Defined 1 570,000
UNITED CONTL HLDGS INC COM 910047109 19,356 625,000 PUT Shared-Defined 1 625,000
UNIVERSAL HLTH SVCS INC CL B 913903100 14,051 220,000 SH Shared-Defined 1 220,000
WALGREEN CO COM 931422109 9,536 200,000 SH Shared-Defined 1 200,000
WALGREEN CO COM 931422109 46,970 1,000,000 CALL Shared-Defined 1 1,000,000
WALTER ENERGY INC COM 93317Q105 1,040 36,500 SH Sole 36,500
WALTER ENERGY INC COM 93317Q105 10,260 360,000 SH Shared-Defined 1 360,000
WALTER INVT MGMT CORP NOTE 4.500%11/0 93317WAA0 25,872 24,095,000 PRN Shared-Defined 1 24,095,000
WALTER INVT MGMT CORP COM 93317W102 10,244 275,000 SH Shared-Defined 1 275,000
YRC WORLDWIDE INC NOTE 10.000% 3/3 984249AB8 546 1,102,499 PRN Shared-Defined 1 1,102,499