diff --git a/CHANGELOG.md b/CHANGELOG.md
index a96cd2e..fedc832 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,7 @@
 ## master (unreleased)
 
+## 0.16.0 (2024-03-28)
+
 - Add support for asynchronous creation/removal of indexes
 
     See `docs/background_schema_migrations.md` for the feature description.
diff --git a/Gemfile.lock b/Gemfile.lock
index 0ac6215..e21d7f9 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -1,7 +1,7 @@
 PATH
   remote: .
   specs:
-    online_migrations (0.15.0)
+    online_migrations (0.16.0)
       activerecord (>= 6.1)
 
 GEM
diff --git a/lib/online_migrations/version.rb b/lib/online_migrations/version.rb
index 03e8d24..19ef297 100644
--- a/lib/online_migrations/version.rb
+++ b/lib/online_migrations/version.rb
@@ -1,5 +1,5 @@
 # frozen_string_literal: true
 
 module OnlineMigrations
-  VERSION = "0.15.0"
+  VERSION = "0.16.0"
 end