diff --git a/charts/nr-k8s-otel-collector/Chart.lock b/charts/nr-k8s-otel-collector/Chart.lock
index b2457f178..728cb91c0 100644
--- a/charts/nr-k8s-otel-collector/Chart.lock
+++ b/charts/nr-k8s-otel-collector/Chart.lock
@@ -1,9 +1,9 @@
 dependencies:
 - name: common-library
   repository: https://helm-charts.newrelic.com
-  version: 1.1.1
+  version: 1.2.0
 - name: kube-state-metrics
   repository: https://prometheus-community.github.io/helm-charts
   version: 5.18.0
-digest: sha256:983e19d03aa4d939d6c57d90e0aac14fe1b7e0686276efca139fea1f90ced8d5
-generated: "2024-04-23T15:17:04.144935-07:00"
+digest: sha256:31a83f0326480e996c19d2263358a0e4d9f17e769fa8856b8c7749369365e529
+generated: "2024-07-22T16:41:05.991424619Z"
diff --git a/charts/nr-k8s-otel-collector/Chart.yaml b/charts/nr-k8s-otel-collector/Chart.yaml
index af6cac1bf..982ac0bca 100644
--- a/charts/nr-k8s-otel-collector/Chart.yaml
+++ b/charts/nr-k8s-otel-collector/Chart.yaml
@@ -17,11 +17,11 @@ type: application
 # This is the chart version. This version number should be incremented each time you make changes
 # to the chart and its templates, including the app version.
 # Versions are expected to follow Semantic Versioning (https://semver.org/)
-version: 0.7.1
+version: 0.7.2
 
 dependencies:
   - name: common-library
-    version: 1.1.1
+    version: 1.2.0
     repository: "https://helm-charts.newrelic.com"
   - name: kube-state-metrics
     version: 5.18.0