Glendon Capital Management L.P. is a privately owned investment manager. It provides its services to banking organizations, private investment funds, registered investment companies, foreign investment companies, educational endowments, corporate pension and profit-sharing plans, charitable institutions, foundations, endowments, municipalities, trust programs, sovereign funds, foreign funds, other U.S. and international institutions, family offices, and high net worth individuals. The firm invests in fixed income and public equity markets of the globe. It invests primarily in distressed securities and employs an event-driven strategy to make its investments.