$25M Bond Helps Kingsley Montessori School Buy Building

Kingsley Montessori School is using a $25 million tax-exempt bond issued by MassDevelopment to buy its longtime unit at 26 Exeter St. in Boston, a space that houses the school’s Kindergarten Entry and Elementary programs. Kingsley has leased this unit since 2005 and completed significant renovations in 2015. Rockland Trust purchased the bond, which helped Kingsley Montessori achieve a lower cost of capital, as part of a comprehensive financing solution that also included working capital support and treasury management services.