diff --git a/CHANGELOG.md b/CHANGELOG.md
index 594477b8ea..fcf84c830a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,12 @@
 
 All notable changes to this project will be documented in this file. See [standard-version](https://github.com/conventional-changelog/standard-version) for commit guidelines.
 
+### [0.87.5](https://github.com/carbon-design-system/carbon-components-svelte/compare/v0.87.4...v0.87.5) (2025-02-04)
+
+### Bug Fixes
+
+- **tag:** allow `on:close` to work with Svelte 5 ([#2097](https://github.com/carbon-design-system/carbon-components-svelte/issues/2097)) ([6e65ef3](https://github.com/carbon-design-system/carbon-components-svelte/commit/6e65ef39e7ff9a3c0ee25b7945a62584e9b7441e)), closes [#2096](https://github.com/carbon-design-system/carbon-components-svelte/issues/2096)
+
 ### [0.87.4](https://github.com/carbon-design-system/carbon-components-svelte/compare/v0.87.3...v0.87.4) (2025-02-02)
 
 ### Bug Fixes
diff --git a/COMPONENT_INDEX.md b/COMPONENT_INDEX.md
index afbb525280..c533dcef88 100644
--- a/COMPONENT_INDEX.md
+++ b/COMPONENT_INDEX.md
@@ -1,6 +1,6 @@
 # Component Index
 
-> 165 components exported from carbon-components-svelte@0.87.4.
+> 165 components exported from carbon-components-svelte@0.87.5.
 
 ## Components
 
diff --git a/package-lock.json b/package-lock.json
index 2b57ce16a4..68c1a52658 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "carbon-components-svelte",
-  "version": "0.87.4",
+  "version": "0.87.5",
   "lockfileVersion": 3,
   "requires": true,
   "packages": {
     "": {
       "name": "carbon-components-svelte",
-      "version": "0.87.4",
+      "version": "0.87.5",
       "hasInstallScript": true,
       "license": "Apache-2.0",
       "dependencies": {
diff --git a/package.json b/package.json
index 5d1ed4fbff..73ab657be5 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "carbon-components-svelte",
-  "version": "0.87.4",
+  "version": "0.87.5",
   "license": "Apache-2.0",
   "description": "Svelte implementation of the Carbon Design System",
   "type": "module",