13F-HR/A 1 d492687d13fhra.txt FORM 13F-HR/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F Cover Page Report for the Calendar Year or Quarter End: December 31, 2012 If amended report check here: [X] This Amendment (check only one): [X] is a restatement [ ] adds new holding entries P&S Credit Management, L.P. Name of Institutional Investment Manager 590 Madison Avenue, 28th Floor New York New York 10022 Business Address (Street) (City) (State) (Zip) 13F File Number: 028-13835 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 herein is true, correct and complete, and that it is understood that all required items, statements, schedules, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Mary Nir Chief Compliance Officer (212) 319-8220 (Name) (Title) (Phone) Signature, Place and Date of Signing: /s/ Mary Nir 590 Madison Avenue, 28th Floor New York, New York 10022 2/22/2013 Report Type: [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 78 Form 13F Information Table Value Total: $20,817,267 (thousands) List of Other Included Managers: No. Form 13F File Number: Name: -------------------------------------------------------- 1. 028-14348 Moelis & Company Holdings LP UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F INFORMATION TABLE P&S CREDIT MANAGEMENT, L.P. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/2012

MERITAGE HOMES CORP NOTE 1.875% 9/1 59001AAR3 100,750 1,000,000 PRN Defined 1 1,000,000 MERITOR INC COM 59001K100 1,159 245,000 SH Defined 1 245,000 MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 2,951,023 23,757,000 PRN Defined 1 23,757,000 MOLYCORP INC DEL COM 608753109 4,248 450,000 PUT Defined 1 450,000 NATIONAL FINL PARTNERS CORP NOTE 4.000% 6/1 63607PAC3 325,156 2,240,000 PRN Defined 1 2,240,000 NEWMONT MINING CORP COM 651639106 1,379 29,700 SH Defined 1 29,700 NEXTERA ENERGY INC UNIT 09/01/2015 65339F887 7,848 156,768 SH Defined 1 156,768 NII HLDGS INC CL B NEW 62913F201 2,139 300,000 CALL Defined 1 300,000 NII HLDGS INC CL B NEW 62913F201 713 100,000 SH Defined 1 100,000 OMNICARE INC NOTE 3.750%12/1 681904AN8 433,500 3,000,000 PRN Defined 1 3,000,000 OMNICARE INC NOTE 3.750% 4/0 681904AP3 600,787 5,901,000 PRN Defined 1 5,901,000 PENNEY J C INC COM 708160106 3,863 196,000 PUT Defined 1 196,000 RAMCO-GERSHENSON PPTYS TR PERP PFD-D CV 751452608 1,865 34,554 PRN Defined 1 34,554 RITE AID CORP COM 767754104 1,331 978,500 SH Defined 1 978,500 SANDRIDGE ENERGY INC COM 80007P307 3,175 500,000 CALL Defined 1 500,000 SBA COMMUNICATIONS CORP COM 78388J106 14,104 198,700 PUT Defined 1 198,700 SBA COMMUNICATIONS CORP NOTE 1.875% 5/0 78388JAN6 422,813 2,500,000 PRN Defined 1 2,500,000 SBA COMMUNICATIONS CORP NOTE 4.000%10/0 78388JAM8 4,106,400 17,700,000 PRN Defined 1 17,700,000 SEADRILL LIMITED SHS G7945E105 3,606 98,000 PUT Defined 1 98,000 SEALED AIR CORP NEW COM 81211K100 3,502 200,000 CALL Defined 1 200,000 SPDR S&P 500 ETF TR TR UNIT 78462F103 5,582 39,200 PUT Defined 1 39,200 SPRINT NEXTEL CORP COM SER 1 852061100 2,835 500,000 SH Defined 1 500,000 STANDARD PAC CORP NEW COM 85375C101 1,734 235,886 SH Defined 1 235,886 TELEFLEX INC NOTE 3.875% 8/0 879369AA4 869,595 6,797,000 PRN Defined 1 6,797,000 TELEPHONE & DATA SYS INC COM NEW 879433829 3,299 149,000 SH Defined 1 149,000 TEXTRON INC COM 883203101 4,958 200,000 PUT Defined 1 200,000 TIME WARNER CABLE INC COM 88732J207 10,820 111,327 SH Defined 1 111,327 U S AIRWAYS GROUP INC COM 90341W108 2,258 167,260 SH Defined 1 167,260 UNITED CONTL HLDGS INC COM 910047109 7,014 300,000 PUT Defined 1 300,000 UNITED CONTL HLDGS INC COM 910047109 2,315 99,000 SH Defined 1 99,000 VIRGIN MEDIA INC NOTE 6.500%11/1 92769LAB7 814,204 4,000,000 PRN Defined 1 4,000,000 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 8,640 343,000 SH Defined 1 343,000 VOLCANO CORPORATION NOTE 1.750%12/0 928645AB6 1,010,880 10,000,000 PRN Defined 1 10,000,000 WALTER ENERGY INC COM 93317Q105 12,558 350,000 PUT Defined 1 350,000 WEATHERFORD INTERNATIONAL LT REG SHS H27013103 4,991 446,000 CALL Defined 1 446,000 WYNN RESORTS LTD COM 983134107 5,625 50,000 PUT Defined 1 50,000

P&S Credit Management, L.P. 13F-HR/A