At a Glance

Lario Reti manages over 2,600 km of water mains and 1,800 km of sewer lines, ensuring the distribution of water to households across the region alongside sewerage collection and wastewater treatment. In addition, Lario Reti is responsible for the purification of water sourced from Lake Como.

In March 2026, PGIM provided Lario Reti with €65 million of Senior Unsecured Notes alongside a $35 million PGIM Private Shelf facility, with the primary aim of refinancing the Company’s existing capital structure and to support their plans for capital expenditure.

This transaction builds on PGIM’s track record in the regulated utilities sector in Italy, with Lario Reti appreciating our (i) long-term oriented mindset, (ii) flexible and pragmatic approach and speed of execution, and (iii) ability to provide further financial support in the future in the form of USPPs, aligning with the Company’s search for a strategic partner able to support its investment plans.

We were delighted to be able to draw on our experience in the sector to partner with Lario Reti on this transaction and look forward to supporting the Company’s continued growth.