The Winchendon School, a private college-prep school, plans to expand its campus with help from a $6.5 million tax-exempt bond issued by MassDevelopment.
The school, which has an enrollment of 240 students in Grades 9 through 12, plans to build a new 62-bed student dormitory, as well as four apartments for faculty members and their families. Proceeds of the offering will also be used to refinance some of the school's debt, which was used to build an ice arena in 2007.
First Republic Bank of San Francisco purchased the bonds.
MassDevelopment is the state's finance and development authority. In fiscal year 2010, it financed or managed 241 projects statewide.