Carnival Corporation & plc has launched a public offering of $1 billion of shares of common stock.

It said the cruise giant expects to use the net proceeds from the offering for “general corporate purposes”.

Goldman Sachs is acting as bookrunner and underwriter for the proposed public offering.

It is offering a total of more than 40 million shares of common stock at a public offering price of $25.10 per share.

The offering is expected to close on February 24, 2021.

Carnival’s portfolio features Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, Aida Cruises, P&O Cruises (UK) and Cunard.