diff --git a/sdk/servicebus/azure-servicebus/CHANGELOG.md b/sdk/servicebus/azure-servicebus/CHANGELOG.md
index 9bce79dd13c1..8a3cc4a41b8c 100644
--- a/sdk/servicebus/azure-servicebus/CHANGELOG.md
+++ b/sdk/servicebus/azure-servicebus/CHANGELOG.md
@@ -1,12 +1,10 @@
 # Release History
 
-## 7.11.5 (Unreleased)
+## 7.12.0 (2024-02-06)
 
 ### Features Added
 
-### Breaking Changes
-
-### Bugs Fixed
+- Updated `max_wait_time` on the ServiceBusReceiver constructor allowing users to change the default server timeout of 65 seconds when accepting a session on a Session-Enabled/Queues/Topics if NEXT_AVAILABLE_SESSION is used.
 
 ### Other Changes
 
diff --git a/sdk/servicebus/azure-servicebus/azure/servicebus/_version.py b/sdk/servicebus/azure-servicebus/azure/servicebus/_version.py
index 0e4e45e5b7e4..174fe3a99707 100644
--- a/sdk/servicebus/azure-servicebus/azure/servicebus/_version.py
+++ b/sdk/servicebus/azure-servicebus/azure/servicebus/_version.py
@@ -3,4 +3,4 @@
 # Licensed under the MIT License.
 # ------------------------------------
 
-VERSION = "7.11.5"
+VERSION = "7.12.0"
diff --git a/sdk/servicebus/azure-servicebus/samples/async_samples/session_pool_receive_async.py b/sdk/servicebus/azure-servicebus/samples/async_samples/session_pool_receive_async.py
index 4c32e66afd3c..cd030f93090b 100644
--- a/sdk/servicebus/azure-servicebus/samples/async_samples/session_pool_receive_async.py
+++ b/sdk/servicebus/azure-servicebus/samples/async_samples/session_pool_receive_async.py
@@ -21,6 +21,7 @@
 async def message_processing(servicebus_client, queue_name):
     while True:
         try:
+            # max_wait_time below is the maximum time the receiver will wait to connect to a session and to receive messages from the service
             async with servicebus_client.get_queue_receiver(queue_name, max_wait_time=1, session_id=NEXT_AVAILABLE_SESSION) as receiver:
                 renewer = AutoLockRenewer()
                 renewer.register(receiver, receiver.session)
diff --git a/sdk/servicebus/azure-servicebus/samples/sync_samples/session_pool_receive.py b/sdk/servicebus/azure-servicebus/samples/sync_samples/session_pool_receive.py
index d844f1ebb1bb..eded7b8ba165 100644
--- a/sdk/servicebus/azure-servicebus/samples/sync_samples/session_pool_receive.py
+++ b/sdk/servicebus/azure-servicebus/samples/sync_samples/session_pool_receive.py
@@ -20,6 +20,7 @@
 def message_processing(sb_client, queue_name, messages):
     while True:
         try:
+            # max_wait_time below is the maximum time the receiver will wait to connect to a session and to receive messages from the service
             with sb_client.get_queue_receiver(queue_name, max_wait_time=1, session_id=NEXT_AVAILABLE_SESSION) as receiver:
                 renewer = AutoLockRenewer()
                 renewer.register(receiver, receiver.session)
diff --git a/sdk/servicebus/azure-servicebus/setup.py b/sdk/servicebus/azure-servicebus/setup.py
index 481591126995..e96bddbc9845 100644
--- a/sdk/servicebus/azure-servicebus/setup.py
+++ b/sdk/servicebus/azure-servicebus/setup.py
@@ -49,14 +49,14 @@
         "Development Status :: 5 - Production/Stable",
         'Programming Language :: Python',
         'Programming Language :: Python :: 3 :: Only',
-        'Programming Language :: Python :: 3.7',
         'Programming Language :: Python :: 3.8',
         'Programming Language :: Python :: 3.9',
         'Programming Language :: Python :: 3.10',
         'Programming Language :: Python :: 3.11',
+        'Programming Language :: Python :: 3.12',
         'License :: OSI Approved :: MIT License',
     ],
-    python_requires=">=3.7",
+    python_requires=">=3.8",
     zip_safe=False,
     packages=find_packages(exclude=[
         'tests',