diff --git a/CHANGELOG.md b/CHANGELOG.md
index 59ea62b3b2..37fdf78779 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,8 +1,8 @@
 # New Relic Ruby Agent Release Notes
 
-## Upcoming Release
+## 8.16.0
 
-The upcoming release of the agent introduces additional Ruby on Rails instrumentation (especially for Rails 6 and 7) for various Action\*/Active\* libraries whose actions produce Active Support notifications events.
+Version 8.16.0 of the agent introduces additional Ruby on Rails instrumentation (especially for Rails 6 and 7) for various Action\*/Active\* libraries whose actions produce [Active Support notifications events](https://guides.rubyonrails.org/active_support_instrumentation.html).
 
 - **Add Various Additional Ruby on Rails Library Instrumentations**
 
diff --git a/lib/new_relic/version.rb b/lib/new_relic/version.rb
index f25f27186c..6aa39fd6d8 100644
--- a/lib/new_relic/version.rb
+++ b/lib/new_relic/version.rb
@@ -6,7 +6,7 @@
 module NewRelic
   module VERSION # :nodoc:
     MAJOR = 8
-    MINOR = 15
+    MINOR = 16
     TINY = 0
 
     STRING = "#{MAJOR}.#{MINOR}.#{TINY}"