diff --git a/package-lock.json b/package-lock.json
index b77a5f4270..fa39edc193 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -18,7 +18,7 @@
         "@edx/frontend-platform": "7.1.0",
         "@edx/openedx-atlas": "0.6.2",
         "@edx/reactifex": "2.2.0",
-        "@loadable/component": "5.16.3",
+        "@loadable/component": "5.16.4",
         "@lukemorales/query-key-factory": "1.3.4",
         "@openedx/frontend-slot-footer": "1.0.3",
         "@openedx/paragon": "21.13.1",
@@ -3746,11 +3746,12 @@
       "integrity": "sha512-Vo+PSpZG2/fmgmiNzYK9qWRh8h/CHrwD0mo1h1DzL4yzHNSfWYujGTYsWGreD000gcgmZ7K4Ys6Tx9TxtsKdDw=="
     },
     "node_modules/@loadable/component": {
-      "version": "5.16.3",
-      "resolved": "https://registry.npmjs.org/@loadable/component/-/component-5.16.3.tgz",
-      "integrity": "sha512-2mVvHs2988oVX2/zM0y6nYhJ4rTVHhkhRnpupBA0Rjl5tS8op9uSR4u5SLVfMLxzpspr2UiIBQD+wEuMsuq4Dg==",
+      "version": "5.16.4",
+      "resolved": "https://registry.npmjs.org/@loadable/component/-/component-5.16.4.tgz",
+      "integrity": "sha512-fJWxx9b5WHX90QKmizo9B+es2so8DnBthI1mbflwCoOyvzEwxiZ/SVDCTtXEnHG72/kGBdzr297SSIekYtzSOQ==",
+      "license": "MIT",
       "dependencies": {
-        "@babel/runtime": "^7.7.7",
+        "@babel/runtime": "^7.12.18",
         "hoist-non-react-statics": "^3.3.1",
         "react-is": "^16.12.0"
       },
diff --git a/package.json b/package.json
index bebe666be9..9a28fdc011 100644
--- a/package.json
+++ b/package.json
@@ -16,7 +16,7 @@
     "@edx/frontend-platform": "7.1.0",
     "@edx/openedx-atlas": "0.6.2",
     "@edx/reactifex": "2.2.0",
-    "@loadable/component": "5.16.3",
+    "@loadable/component": "5.16.4",
     "@lukemorales/query-key-factory": "1.3.4",
     "@openedx/frontend-slot-footer": "1.0.3",
     "@openedx/paragon": "21.13.1",