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.
With an initial draw of