diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7fc60f198..f1a4be647 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,22 @@
 # Changelog
 
+### [1.4.7](https://www.github.com/googleapis/java-pubsublite/compare/v1.4.6...v1.4.7) (2021-12-22)
+
+
+### Bug Fixes
+
+* Numerous publish path performance issues ([#998](https://www.github.com/googleapis/java-pubsublite/issues/998)) ([2cd8b85](https://www.github.com/googleapis/java-pubsublite/commit/2cd8b85c4f6ef8cd41592b889b407dbe3485725f))
+* Restructure java client stream creation to reuse clients for different partitions ([#1002](https://www.github.com/googleapis/java-pubsublite/issues/1002)) ([a45a179](https://www.github.com/googleapis/java-pubsublite/commit/a45a179c71c8c0e220c2ea9f711c8ff5e37908d4))
+* Use an unbounded pool for the GRPC executor ([#997](https://www.github.com/googleapis/java-pubsublite/issues/997)) ([6f3946d](https://www.github.com/googleapis/java-pubsublite/commit/6f3946d3f4648ff294d7812a306b7e8297498795))
+
+
+### Dependencies
+
+* update dependency com.google.cloud:google-cloud-bom to v0.165.0 ([#1005](https://www.github.com/googleapis/java-pubsublite/issues/1005)) ([b1ba967](https://www.github.com/googleapis/java-pubsublite/commit/b1ba9678b2e8b5227e43aa9af8cf1efcbb6cbd16))
+* update dependency com.google.flogger:flogger-system-backend to v0.7.4 ([#1004](https://www.github.com/googleapis/java-pubsublite/issues/1004)) ([8ae651d](https://www.github.com/googleapis/java-pubsublite/commit/8ae651d610d4438f829b5127e461c1e878759f47))
+* update dependency com.google.flogger:google-extensions to v0.7.4 ([#1003](https://www.github.com/googleapis/java-pubsublite/issues/1003)) ([e8295c5](https://www.github.com/googleapis/java-pubsublite/commit/e8295c5d458fe31d7f4741995e7d8ce9d93f1f22))
+* update dependency org.checkerframework:checker-qual to v3.21.0 ([#1001](https://www.github.com/googleapis/java-pubsublite/issues/1001)) ([255817f](https://www.github.com/googleapis/java-pubsublite/commit/255817fe5d5bdff1c916b4685fe5ab6af0de54ea))
+
 ### [1.4.6](https://www.github.com/googleapis/java-pubsublite/compare/v1.4.5...v1.4.6) (2021-12-16)
 
 
diff --git a/google-cloud-pubsublite-bom/pom.xml b/google-cloud-pubsublite-bom/pom.xml
index 3e2d1a1d0..ac65fd6f7 100644
--- a/google-cloud-pubsublite-bom/pom.xml
+++ b/google-cloud-pubsublite-bom/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-pubsublite-bom</artifactId>
-  <version>1.4.7-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
+  <version>1.4.7</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
   <packaging>pom</packaging>
   <parent>
     <groupId>com.google.cloud</groupId>
@@ -52,17 +52,17 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-pubsublite</artifactId>
-        <version>1.4.7-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
+        <version>1.4.7</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-pubsublite-v1</artifactId>
-        <version>1.4.7-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-pubsublite-v1:current} -->
+        <version>1.4.7</version><!-- {x-version-update:grpc-google-cloud-pubsublite-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-pubsublite-v1</artifactId>
-        <version>1.4.7-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-pubsublite-v1:current} -->
+        <version>1.4.7</version><!-- {x-version-update:proto-google-cloud-pubsublite-v1:current} -->
       </dependency>
     </dependencies>
   </dependencyManagement>
diff --git a/google-cloud-pubsublite/pom.xml b/google-cloud-pubsublite/pom.xml
index 9d5371688..870fcbffe 100644
--- a/google-cloud-pubsublite/pom.xml
+++ b/google-cloud-pubsublite/pom.xml
@@ -3,13 +3,13 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-pubsublite-parent</artifactId>
-    <version>1.4.7-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
+    <version>1.4.7</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
     <relativePath>../pom.xml</relativePath>
   </parent>
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-pubsublite</artifactId>
-  <version>1.4.7-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
+  <version>1.4.7</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
   <packaging>jar</packaging>
   <name>Google Cloud Pub/Sub Lite</name>
   <url>https://github.com/googleapis/java-pubsublite</url>
@@ -46,12 +46,12 @@
     <dependency>
       <groupId>com.google.api.grpc</groupId>
       <artifactId>proto-google-cloud-pubsublite-v1</artifactId>
-      <version>1.4.7-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
+      <version>1.4.7</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
     </dependency>
     <dependency>
       <groupId>com.google.api.grpc</groupId>
       <artifactId>grpc-google-cloud-pubsublite-v1</artifactId>
-      <version>1.4.7-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
+      <version>1.4.7</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
     </dependency>
     <dependency>
       <groupId>com.google.flogger</groupId>
diff --git a/grpc-google-cloud-pubsublite-v1/pom.xml b/grpc-google-cloud-pubsublite-v1/pom.xml
index 28cdd0ac2..e4fc923fe 100644
--- a/grpc-google-cloud-pubsublite-v1/pom.xml
+++ b/grpc-google-cloud-pubsublite-v1/pom.xml
@@ -4,20 +4,20 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-cloud-pubsublite-v1</artifactId>
-  <version>1.4.7-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
+  <version>1.4.7</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
   <name>grpc-google-cloud-pubsublite-v1</name>
   <description>GRPC library for grpc-google-cloud-pubsublite-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-pubsublite-parent</artifactId>
-    <version>1.4.7-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
+    <version>1.4.7</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
     <relativePath>../pom.xml</relativePath>
   </parent>
   <dependencies>
     <dependency>
       <groupId>com.google.api.grpc</groupId>
       <artifactId>proto-google-cloud-pubsublite-v1</artifactId>
-      <version>1.4.7-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
+      <version>1.4.7</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
     </dependency>
     <dependency>
       <groupId>io.grpc</groupId>
diff --git a/pom.xml b/pom.xml
index 3bf6fa97c..2a4cfafa4 100644
--- a/pom.xml
+++ b/pom.xml
@@ -8,7 +8,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-pubsublite-parent</artifactId>
-  <version>1.4.7-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
+  <version>1.4.7</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
   <packaging>pom</packaging>
   <name>Google Cloud Pub/Sub Lite Parent</name>
   <url>https://github.com/googleapis/java-pubsublite</url>
@@ -25,17 +25,17 @@
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-pubsublite-v1</artifactId>
-        <version>1.4.7-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-pubsublite-v1:current} -->
+        <version>1.4.7</version><!-- {x-version-update:proto-google-cloud-pubsublite-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-pubsublite-v1</artifactId>
-        <version>1.4.7-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-pubsublite-v1:current} -->
+        <version>1.4.7</version><!-- {x-version-update:grpc-google-cloud-pubsublite-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-pubsublite</artifactId>
-        <version>1.4.7-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
+        <version>1.4.7</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.cloud</groupId>
diff --git a/proto-google-cloud-pubsublite-v1/pom.xml b/proto-google-cloud-pubsublite-v1/pom.xml
index 9fe9b1425..ee188c2b5 100644
--- a/proto-google-cloud-pubsublite-v1/pom.xml
+++ b/proto-google-cloud-pubsublite-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-cloud-pubsublite-v1</artifactId>
-  <version>1.4.7-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
+  <version>1.4.7</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
   <name>proto-google-cloud-pubsublite-v1</name>
   <description>PROTO library for proto-google-cloud-pubsublite-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-pubsublite-parent</artifactId>
-    <version>1.4.7-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
+    <version>1.4.7</version><!-- {x-version-update:google-cloud-pubsublite:current} -->
     <relativePath>../pom.xml</relativePath>
   </parent>
   <dependencies>
diff --git a/samples/snapshot/pom.xml b/samples/snapshot/pom.xml
index 8c7fc4722..8fcf3241a 100644
--- a/samples/snapshot/pom.xml
+++ b/samples/snapshot/pom.xml
@@ -45,7 +45,7 @@
     <dependency>
       <groupId>com.google.cloud</groupId>
       <artifactId>google-cloud-pubsublite</artifactId>
-      <version>1.4.7-SNAPSHOT</version>
+      <version>1.4.7</version>
     </dependency>
     <!-- {x-version-update-end} -->
     <dependency>
diff --git a/versions.txt b/versions.txt
index cf82f3686..ff5e5c11c 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,7 +1,7 @@
 # Format:
 # module:released-version:current-version
 
-google-cloud-pubsublite:1.4.6:1.4.7-SNAPSHOT
-pubsublite-beam-io:0.23.6:0.23.7-SNAPSHOT
-proto-google-cloud-pubsublite-v1:1.4.6:1.4.7-SNAPSHOT
-grpc-google-cloud-pubsublite-v1:1.4.6:1.4.7-SNAPSHOT
+google-cloud-pubsublite:1.4.7:1.4.7
+pubsublite-beam-io:0.23.7:0.23.7
+proto-google-cloud-pubsublite-v1:1.4.7:1.4.7
+grpc-google-cloud-pubsublite-v1:1.4.7:1.4.7