NOTICE OF PUBLIC HEARING BY THE NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY REGARDING THE PROPOSED BOND REFINANCING NOTICE IS HEREBY GIVEN to all interested persons that the North Carolina Capital Facilities Finance Agency (the "Agency") will hold a public hearing on the application of The Montessori School of Raleigh, Inc., a North Carolina nonprofit corporation (the "Borrower"), for the Agency to issue, pursuant to the Private Capital Facilities Finance Act, Article 2 of Chapter 159D of the General Statutes of North Carolina, as amended, its bond in an amount not to exceed $5,000,000 (the "Bond"). The Bond will be issued to refund in advance of their maturity the outstanding principal amount of the Public Finance Authority's Educational Facilities Revenue Bonds (The Montessori School of Raleigh, Inc.), Series 2015A and 2015B, originally issued in the aggregate principal amount of $4,000,000 and $2,500,000, respectively, the proceeds of which were used to (i) (1) refund in advance of their maturity all of the outstanding principal amount of the North Carolina Capital Facilities Agency's Tax-Exempt Adjustable Mode Educational Facilities Revenue Bonds (Montessori School of Raleigh Project), Series 2003, originally issued in the aggregate principal amount of $3,000,000 (the "2003 Bonds"), the proceeds of which were loaned to the Borrower to provide funds to (a) refinance certain existing indebtedness, the proceeds of which were used to acquire, construct and equip certain capital improvements to the campuses of the Borrower at 7005 Lead Mine Road, Raleigh, North Carolina (the "Raleigh Campus") and 408 Andrews Chapel Road, Durham, North Carolina (the "Durham Campus" and, with the Raleigh Campus, the "Campuses") and (b) pay the costs of acquiring, constructing and equipping additional capital improvements to the Campuses (collectively, the "2003 Project"); and (2) finance or refinance the costs of the acquisition, construction, equipping and furnishing of various improvements to the Campuses, including, without limitation, (a) a new approximately 17,000 square feet gymnasium and administrative building at the Raleigh Campus; (b) renovation and repurposing of certain existing buildings on the Raleigh Campus; and (c) phase I of a new high school (such phase being an approximately 6,750 square foot building on the Durham Campus (the "2015 Project" together with the 2003 Project, the "Project"); and (ii) pay certain costs incurred in connection with the issuance of the 2025 Bonds. The Project is owned and operated by the Borrower. Please take notice that the Agency will hold a public hearing on July 1, 2025, in the Birch Meeting Room, at 3200 Atlantic Avenue, Raleigh, North Carolina, at 9:00 a.m., at which time any person may be heard regarding the issuance of the Bond and the refinancing of the Project. Any person wishing to comment in writing on the issuance of the Bond should do so within fourteen (14) days after the date of publication of this notice, to Carolyn Heden, Director of State Debt Management, North Carolina Capital Facilities Finance Agency, 3200 Atlantic Avenue, Raleigh, North Carolina 27604. NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY IPL0241902 Jun 15 2025