Reduction of French credit facility? (8)
I believe the answer is:
decrease
'reduction' is the definition.
('decrease' can be a synonym of 'reduction')
'of french credit facility?' is the wordplay.
'of french' becomes 'de'.
'credit' becomes 'cr'.
'facility?' becomes 'ease' (facility is a kind of ease).
'de'+'cr'+'ease'='DECREASE'
(Other definitions for decrease that I've seen before include "Turn down" , "Reduce in size" , "Deminish, lessen" , "Plummet" , "Diminish, lessen" .)