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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.
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.

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

Meet the team
"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

The Full Story

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