diff --git a/NEWS.md b/NEWS.md
index f0c4aefd7..cda5f8213 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,3 +1,7 @@
+MixedModels v4.22.5 Release Notes
+==============================
+* Replace broadcasted lambda with explicit loop and use `one`. This may result in a small performance improvement. [#738]
+
 MixedModels v4.22.4 Release Notes
 ==============================
 * Switch to explicit imports from all included packages (i.e. replace `using Foo` by `using Foo: Foo, bar, baz`) [#748]
diff --git a/Project.toml b/Project.toml
index 2a6d9d685..30112b4d9 100644
--- a/Project.toml
+++ b/Project.toml
@@ -1,7 +1,7 @@
 name = "MixedModels"
 uuid = "ff71e718-51f3-5ec2-a782-8ffcbfa3c316"
 author = ["Phillip Alday <me@phillipalday.com>", "Douglas Bates <dmbates@gmail.com>", "Jose Bayoan Santiago Calderon <jbs3hp@virginia.edu>"]
-version = "4.22.4"
+version = "4.22.5"
 
 [deps]
 Arrow = "69666777-d1a9-59fb-9406-91d4454c9d45"