June 30 (Reuters) - Enjoy Technology Inc :
* ENJOY TECHNOLOGY INC - ON JUNE 29, ENTERED INTO A SENIOR SECURED CREDIT, GUARANTY AND SECURITY WITH ASURION, LLC AND CERTAIN SUBSIDIARIES OF CO
* ENJOY TECHNOLOGY INC - PURSUANT TO CREDIT AGREEMENT COMPANY BORROWED $2.5 MILLION ( BRIDGE LOAN) FROM LENDER
* ENJOY TECHNOLOGY - ON JUNE 29 BEFORE COMMENCEMENT OF CASES, DEBTORS & ASURION, IN CAPACITY AS LENDER OF DIP CREDIT FACILITY ENTERED INTO COMMITMENT LETTER
* ENJOY TECHNOLOGY INC - BRIDGE LOAN HAS A SCHEDULED MATURITY DATE OF JULY 8, 2022
* ENJOY TECHNOLOGY - UNDER COMMITMENT LETTER ASURION TO PROVIDE TO DEBTORS WITH SECURED SUPERPRIORITY DIP CREDIT FACILITY OF UP TO $55.0 MILLION
* ENJOY TECHNOLOGY INC - ON JUNE 29 ENJOY $(UK)$ LIMITED COMMENCED A REDUCTION IN FORCE WITH RESPECT TO THEIR U.K.-BASED EMPLOYEES
* ENJOY TECHNOLOGY INC - REDUCTION IN FORCE WAS AUTHORIZED BY ENJOY UK'S BOARD OF DIRECTORS ON JUNE 29, 2022
* ENJOY TECHNOLOGY - REDUCTION IN FORCE BY ENJOY UK'S BOARD INVOLVES A REDUCTION OF WORKFORCE OF ABOUT 411 EMPLOYEES
* ENJOY TECHNOLOGY - ESTIMATES THAT IT WILL HAVE 1,852 TOTAL EMPLOYEES FOLLOWING EFFECTIVENESS OF REDUCTION IN FORCE
* ENJOY TECHNOLOGY INC - EXPECTS EXECUTION OF REDUCTION IN FORCE TO BE SUBSTANTIALLY COMPLETE IN Q2 OF 2022
* ENJOY TECHNOLOGY INC - ON JUNE 30, FILED VOLUNTARY PETITIONS FOR REORGANIZATION UNDER CHAPTER 11 OF BANKRUPTCY CODE IN UNITED STATES BANKRUPTCY COURT
* ENJOY TECHNOLOGY INC - IN CONNECTION WITH REDUCTION IN FORCE, COMPANY ESTIMATES THAT IT WILL INCUR ABOUT $5 MILLION IN EXPENSES
* ENJOY TECHNOLOGY INC - EXPECTS TO RECOGNIZE SUBSTANTIALLY ALL CHARGES RELATED TO REDUCTION IN FORCE IN Q2 OF 2022
* ENJOY TECHNOLOGY INC - ON JUNE 29, 2022, COMPANY ANNOUNCED THAT IT HAS COMMENCED WIND DOWN OF OPERATIONS OF ENJOY UK
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