This article is dedicated to certain issues of raising syndicated loans by Russian corporations: the purposes for which such funding is utilized and the mechanisms of executing syndicated deals. The following purposes of syndicated loans in corporate finance are considered: short-term (replenishment of working capital), medium-term (refinancing of current indebtedness, capital expenditures) and long-terms (new production facilities in the framework of project finance transactions). Three mechanisms for executing syndicated loan transactions are described in the paper: “classic” syndicated loans, “underwritten” facilities, “club” deals. In the case of a “classic” syndicated loan banks carry out the syndication process in the loan market, with the final deal amount and the interest rate depending on the success of the syndication. In an “underwritten” deal banks provide the underwriting for the whole amount or for a part of the loan, thereby allowing the corporation to definitely receive pre-determined amount of funding independently of the results of the syndication process. In the format of a “club” deal the financing is provided to the borrower by a senior syndicate of partner banks with equal participations in the transaction, without the general syndication in the loan market. The comparative analysis of the purposes and mechanisms of raising syndicated loans is also presented in the article.