Case Study

Acquedotto Pugliese receives financing for investment plan

Headquartered in Bari, Italy, Acquedotto Pugliese provides integrated water services to over 4 million inhabitants across the 246 municipalities within the Region of Puglia.

Acquedotto Pugliese
At a Glance

At a Glance

The Company is Italy's second-largest water company by inhabitants served and the largest European water company by length of its aqueduct's over 20,000 km grid.

AQP sought a long-term investor able to support their growth objectives and appreciated PGIM's experience in Italy's utilities and infrastructure sectors.

In 2025, PGIM provided €70 million Senior Notes from a $175 million 3-year PGIM Private Shelf Facility to finance AQP's investment plan. The Company was impressed by our patient capital approach, ability to provide future financial resources, and our reputation as a relationship-oriented partner.

We valued this opportunity to work alongside AQP for this transaction, and we look forward to financing their future growth.

Relationship since 2025
 
Transaction details:
  • $175,000,000 PGIM Private Shelf

    With an initial draw of

  • €70,000,000 Senior Unsecured Notes

"PGIM’s experience in the Italian infrastructure and utilities sectors made them a natural fit for our needs. Their focus on relationships and pragmatic approach aligned with our desire for a strategic partner able to support our long-term goals."

Prof. Ing. Domenico Laforgia, President, Acquedotto Pugliese

<p>"PGIM’s experience in the Italian infrastructure and utilities sectors made them a natural fit for our needs. Their focus on relationships and pragmatic approach aligned with our desire for a strategic partner able to support our long-term goals."</p>

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