diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 4213d352c..313911a8c 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 4.49.0
+current_version = 4.50.0
 parse = (?P<major>\d+)
 	\.(?P<minor>\d+)
 	\.(?P<patch>\d+)
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 06eb843b7..7e5121b74 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,16 @@
 # Changelog
 
+## [4.50.0](https://github.com/recurly/recurly-client-ruby/tree/4.50.0) (2024-05-08)
+
+[Full Changelog](https://github.com/recurly/recurly-client-ruby/compare/4.49.0...4.50.0)
+
+
+**Merged Pull Requests**
+
+- Generated Latest Changes for v2021-02-25 (Proration Settings) [#901](https://github.com/recurly/recurly-client-ruby/pull/901) ([recurly-integrations](https://github.com/recurly-integrations))
+
+
+
 ## [4.49.0](https://github.com/recurly/recurly-client-ruby/tree/4.49.0) (2024-05-01)
 
 [Full Changelog](https://github.com/recurly/recurly-client-ruby/compare/4.48.1...4.49.0)
diff --git a/GETTING_STARTED.md b/GETTING_STARTED.md
index 65a70febc..dbb55e4e5 100644
--- a/GETTING_STARTED.md
+++ b/GETTING_STARTED.md
@@ -5,7 +5,7 @@ This repository houses the official ruby client for Recurly's V3 API.
 In your Gemfile, add `recurly` as a dependency.
 
 ```ruby
-gem 'recurly', '~> 4.49'
+gem 'recurly', '~> 4.50'
 ```
 
 > *Note*: We try to follow [semantic versioning](https://semver.org/) and will only apply breaking changes to major versions.
diff --git a/lib/recurly/version.rb b/lib/recurly/version.rb
index 359d82a1a..c8c0959b2 100644
--- a/lib/recurly/version.rb
+++ b/lib/recurly/version.rb
@@ -1,3 +1,3 @@
 module Recurly
-  VERSION = "4.49.0"
+  VERSION = "4.50.0"
 end