diff --git a/java-channel/CHANGELOG.md b/java-channel/CHANGELOG.md
index bd1fa2cc13e0..45773f614403 100644
--- a/java-channel/CHANGELOG.md
+++ b/java-channel/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [3.7.2](https://github.com/googleapis/java-channel/compare/v3.7.1...v3.7.2) (2022-08-09)
+
+
+### Dependencies
+
+* update dependency com.google.cloud:google-cloud-shared-dependencies to v3 ([#331](https://github.com/googleapis/java-channel/issues/331)) ([d676b77](https://github.com/googleapis/java-channel/commit/d676b7754d78f7b75b9f1adf130071bf5e3e0f5f))
+
 ## [3.7.1](https://github.com/googleapis/java-channel/compare/v3.7.0...v3.7.1) (2022-07-13)
 
 
diff --git a/java-channel/google-cloud-channel-bom/pom.xml b/java-channel/google-cloud-channel-bom/pom.xml
index ace0c1c90609..939e7f061699 100644
--- a/java-channel/google-cloud-channel-bom/pom.xml
+++ b/java-channel/google-cloud-channel-bom/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-channel-bom</artifactId>
-  <version>3.7.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-channel:current} -->
+  <version>3.7.2</version><!-- {x-version-update:google-cloud-channel:current} -->
   <packaging>pom</packaging>
   <parent>
     <groupId>com.google.cloud</groupId>
@@ -56,17 +56,17 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-channel</artifactId>
-        <version>3.7.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-channel:current} -->
+        <version>3.7.2</version><!-- {x-version-update:google-cloud-channel:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-channel-v1</artifactId>
-        <version>3.7.2-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-channel-v1:current} -->
+        <version>3.7.2</version><!-- {x-version-update:grpc-google-cloud-channel-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-channel-v1</artifactId>
-        <version>3.7.2-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-channel-v1:current} -->
+        <version>3.7.2</version><!-- {x-version-update:proto-google-cloud-channel-v1:current} -->
       </dependency>
     </dependencies>
   </dependencyManagement>
diff --git a/java-channel/google-cloud-channel/pom.xml b/java-channel/google-cloud-channel/pom.xml
index 66c3959c6849..7e0922e282c1 100644
--- a/java-channel/google-cloud-channel/pom.xml
+++ b/java-channel/google-cloud-channel/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-channel</artifactId>
-  <version>3.7.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-channel:current} -->
+  <version>3.7.2</version><!-- {x-version-update:google-cloud-channel:current} -->
   <packaging>jar</packaging>
   <name>Google Channel Services</name>
   <url>https://github.com/googleapis/java-channel</url>
@@ -11,7 +11,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-channel-parent</artifactId>
-    <version>3.7.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-channel:current} -->
+    <version>3.7.2</version><!-- {x-version-update:google-cloud-channel:current} -->
   </parent>
   <properties>
     <site.installationModule>google-cloud-channel</site.installationModule>
diff --git a/java-channel/grpc-google-cloud-channel-v1/pom.xml b/java-channel/grpc-google-cloud-channel-v1/pom.xml
index 3184603ed28c..ee1bae6708b9 100644
--- a/java-channel/grpc-google-cloud-channel-v1/pom.xml
+++ b/java-channel/grpc-google-cloud-channel-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-cloud-channel-v1</artifactId>
-  <version>3.7.2-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-channel-v1:current} -->
+  <version>3.7.2</version><!-- {x-version-update:grpc-google-cloud-channel-v1:current} -->
   <name>grpc-google-cloud-channel-v1</name>
   <description>GRPC library for google-cloud-channel</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-channel-parent</artifactId>
-    <version>3.7.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-channel:current} -->
+    <version>3.7.2</version><!-- {x-version-update:google-cloud-channel:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/java-channel/pom.xml b/java-channel/pom.xml
index 6683a2172e9a..069268a75151 100644
--- a/java-channel/pom.xml
+++ b/java-channel/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-channel-parent</artifactId>
   <packaging>pom</packaging>
-  <version>3.7.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-channel:current} -->
+  <version>3.7.2</version><!-- {x-version-update:google-cloud-channel:current} -->
   <name>Google Channel Services Parent</name>
   <url>https://github.com/googleapis/java-</url>
   <description>
@@ -61,17 +61,17 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-channel</artifactId>
-        <version>3.7.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-channel:current} -->
+        <version>3.7.2</version><!-- {x-version-update:google-cloud-channel:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-channel-v1</artifactId>
-        <version>3.7.2-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-channel-v1:current} -->
+        <version>3.7.2</version><!-- {x-version-update:proto-google-cloud-channel-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-channel-v1</artifactId>
-        <version>3.7.2-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-channel-v1:current} -->
+        <version>3.7.2</version><!-- {x-version-update:grpc-google-cloud-channel-v1:current} -->
       </dependency>
 
       <dependency>
diff --git a/java-channel/proto-google-cloud-channel-v1/pom.xml b/java-channel/proto-google-cloud-channel-v1/pom.xml
index c96a136e5b78..960ed473f1f6 100644
--- a/java-channel/proto-google-cloud-channel-v1/pom.xml
+++ b/java-channel/proto-google-cloud-channel-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-cloud-channel-v1</artifactId>
-  <version>3.7.2-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-channel-v1:current} -->
+  <version>3.7.2</version><!-- {x-version-update:proto-google-cloud-channel-v1:current} -->
   <name>proto-google-cloud-channel-v1</name>
   <description>Proto library for google-cloud-channel</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-channel-parent</artifactId>
-    <version>3.7.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-channel:current} -->
+    <version>3.7.2</version><!-- {x-version-update:google-cloud-channel:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/java-channel/versions.txt b/java-channel/versions.txt
index 6b559aa0ec6b..bf0a62a3f9ca 100644
--- a/java-channel/versions.txt
+++ b/java-channel/versions.txt
@@ -1,6 +1,6 @@
 # Format:
 # module:released-version:current-version
 
-google-cloud-channel:3.7.1:3.7.2-SNAPSHOT
-grpc-google-cloud-channel-v1:3.7.1:3.7.2-SNAPSHOT
-proto-google-cloud-channel-v1:3.7.1:3.7.2-SNAPSHOT
+google-cloud-channel:3.7.2:3.7.2
+grpc-google-cloud-channel-v1:3.7.2:3.7.2
+proto-google-cloud-channel-v1:3.7.2:3.7.2