Preston Hollow Capital has completed a USD39.37 million bond financing for Blue School, an independent pre-primary, primary and middle school located in New York City.
The transaction will facilitate the school’s continued growth and extension of its curriculum to older children.
Blue School began as a parent run playgroup in 2006 before establishing successful pre-primary and primary programmes in 2009, with the founding goal of creating a more complete, balanced and exuberant approach to education.
PHC’s financing will enable Blue School to continue this approach to extend from early childhood through eighth grade, effective in the 2017-2018 academic year.
“Preston Hollow Capital is proud to partner with Blue School and finance the expansion and upgrades of their lower Manhattan facilities. We believe Blue School’s approach to reimagining how we educate our children is consistent with PHC’s creative approach to providing financial solutions,” says Preston Hollow Capital executive director Matt Levin.
“Since its founding, Blue School has added grade levels in order to grow with its student base and accommodate increasing demand,” says Matt Goldman, board vice-chair and co-founder of Blue School. “Preston Hollow Capital has been an incredible partner, and through this partnership, we will be able to create a state-of-the-art middle school facility and meet this demand for our inquiry-based approach to education.”
