Carnival Corporation & plc, the world’s largest cruise shipping group, said that Carnival Corporation, its Panama domiciled and US listed holding company, has priced its previously announced underwritten public offering of 40,450,619 shares of common stock of the Corporation at a public offering price of $25.10 per share.

“The offering is expected to close on February 24, 2021, subject to customary closing conditions. The Corporation expects to use the net proceeds from the offering for general corporate purposes,” the company said in a statement.

Goldman Sachs & Co LLC is acting as sole bookrunner and underwriter for the proposed public offering.