A consortium led by European private equity firms Cinven and Astorg launched a roughly £1.04 billion leveraged loan from a group of banks to support the acquisition of U.K. forensic sciences company LGC from KKR, Reuters reported, citing banking sources.

The term loan B, which will be euro-denominated, will include a minimum $330 million tranche and a £265 million revolving credit facility. The seven-year covenant-lite loan would be offered with a zero percent floor and 101 soft-call for six months. Lenders have until Jan. 23 to commit to the loan, according to the report.

Abu Dhabi Investment Authority is also part of the investor group purchasing LGC, which last traded for roughly £650 million in 2015

BNP Paribas, HSBC, KKR and Morgan Stanley are global coordinators and joint active book runners. SMBC is a joint book runner, while Barclays, Credit Agricole, Mizuho, MUFG, Natixis, Natwest and Nomura are lead arrangers, according to Reuters.