"Acquedotto Pugliese Secures $175 Million Agreement with PGIM Private Capital"

"Acquedotto Pugliese has finalized a $175 million note purchase and private shelf agreement with PGIM Private Capital, which includes an initial bond issuance of €70 million. This agreement supports Acquedotto Pugliese's strategic development plan, allowing for the issuance of bonds up to $175 million over the next three years. The bonds are senior unsecured, have a 15-year maturity, and will not be listed on regulated markets. Legal assistance was provided by BonelliErede for Acquedotto Pugliese and by Chiomenti for PGIM Private Capital."

**Press Release Summary** In a recent transaction, law firms BonelliErede and Chiomenti played key roles, assisting Acquedotto Pugliese and PGIM Private Capital, respectively. Acquedotto Pugliese and PGIM Private Capital have finalized a $175 million note purchase and private shelf agreement, which includes the issuance of an initial bond loan of €70 million, subscribed by PGIM Private Capital, a division of global investment manager Prudential Financial. The shelf facility agreement aligns with Acquedotto Pugliese's strategic development plan, allowing the company to request the issuance of bonds up to a total of $175 million over the next three years. These senior unsecured bonds have a 15-year maturity (October 2040), pay a fixed semi-annual coupon, and will not be listed on regulated markets. The legal teams involved in the transaction include: **BonelliErede:** - Antonio La Porta (Partner) - Francesca Spadafora (Associate) - Martina Scicolone (Associate) - Marco Adda (Partner, Tax) - Matteo Viani (Managing Associate, Tax) - Giovanni Bisleri (Senior Associate, Tax) **Chiomenti:** - Benedetto La Russa (Partner) - Nicholas Lasagna (Partner) - Gioia Ronci (Counsel) - Fraser Wood (Counsel) - Guido Pisaneschi (Associate) - Annie Jandoli (Associate) - Maurizio Fresca (Of Counsel, Tax) - Giovanni Massagli (Senior Associate, Tax)

"Acquedotto Pugliese Secures $175 Million Agreement with PGIM Private Capital"

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