Members of the Leif Hoegh family and a key executive have arranged new private financing by pledging their entire $352m stake in car carrier company Hoegh Autoliners.

The Oslo-listed shipowner said in a filing that Leif Hoegh & Co Holdings, controlled by Hoegh Autoliners chairman Leif O Hoegh and directors Morten W Hoegh and Martine Vice Holter, has put 91.5m shares up as security.

They have entered into a three-year financing facility worth $20m.