MassDevelopment has issued an $11 million tax-exempt bond on behalf of The Cambridge School of Weston (CSW), a college preparatory school in Weston.

The bond’s proceeds serve multiple purposes for the school, with $7.3 million earmarked to refinance a previous bond. The additional funds are available to the school to undertake other capital projects and to explore the potential of constructing a new residence hall on campus.

"The Cambridge School of Weston’s range of courses and teaching styles helps foster its pupils’ intellectual growth," said MassDevelopment President and CEO Robert L. Culver. "This low-cost financing will support students for many years to come."

A previous bond MassDevelopment issued on the school’s behalf helped build a science and art building, athletic fields and a maintenance facility.

"Through refinancing, this bond affords CSW the financial flexibility to pursue potential projects that enhance our school’s facilities and academic program," said CSW Head of School Jane Moulding. "Over the next 12 months, the community will consider the best direction for the additional funds available."