diff --git a/Makefile.version.aarch64.var b/Makefile.version.aarch64.var
index aa75c77165..8f90036d7a 100644
--- a/Makefile.version.aarch64.var
+++ b/Makefile.version.aarch64.var
@@ -1 +1 @@
-OCP_VERSION := 4.20.0-0.nightly-arm64-2025-10-26-060135
+OCP_VERSION := 4.20.0-0.nightly-arm64-2025-10-27-124128
diff --git a/Makefile.version.x86_64.var b/Makefile.version.x86_64.var
index d639f535ee..d5206e123c 100644
--- a/Makefile.version.x86_64.var
+++ b/Makefile.version.x86_64.var
@@ -1 +1 @@
-OCP_VERSION := 4.20.0-0.nightly-2025-10-26-115326
+OCP_VERSION := 4.20.0-0.nightly-2025-10-27-121449
diff --git a/assets/components/multus/release-multus-aarch64.json b/assets/components/multus/release-multus-aarch64.json
index e604cfafc5..6bafa210b0 100644
--- a/assets/components/multus/release-multus-aarch64.json
+++ b/assets/components/multus/release-multus-aarch64.json
@@ -1,6 +1,6 @@
 {
   "release": {
-    "base": "4.20.0-0.nightly-arm64-2025-10-26-060135"
+    "base": "4.20.0-0.nightly-arm64-2025-10-27-124128"
   },
   "images": {
     "multus-cni-microshift": "quay.io/openshift-release-dev/ocp-v4.0-art-dev@sha256:c17829d776e18d40ca3f97e5c2f85411bb549f808e94e122c5c6404c8f33cb50",
diff --git a/assets/components/multus/release-multus-x86_64.json b/assets/components/multus/release-multus-x86_64.json
index e85053ea4a..ed845d8841 100644
--- a/assets/components/multus/release-multus-x86_64.json
+++ b/assets/components/multus/release-multus-x86_64.json
@@ -1,6 +1,6 @@
 {
   "release": {
-    "base": "4.20.0-0.nightly-2025-10-26-115326"
+    "base": "4.20.0-0.nightly-2025-10-27-121449"
   },
   "images": {
     "multus-cni-microshift": "quay.io/openshift-release-dev/ocp-v4.0-art-dev@sha256:440b07db9e3438395a0b8e31df1f8949eda786321b93a4d43aec5755e97a32e9",
diff --git a/assets/optional/operator-lifecycle-manager/release-olm-aarch64.json b/assets/optional/operator-lifecycle-manager/release-olm-aarch64.json
index e4260cc7cf..977fa6424b 100644
--- a/assets/optional/operator-lifecycle-manager/release-olm-aarch64.json
+++ b/assets/optional/operator-lifecycle-manager/release-olm-aarch64.json
@@ -1,6 +1,6 @@
 {
   "release": {
-    "base": "4.20.0-0.nightly-arm64-2025-10-26-060135"
+    "base": "4.20.0-0.nightly-arm64-2025-10-27-124128"
   },
   "images": {
     "operator-lifecycle-manager": "quay.io/openshift-release-dev/ocp-v4.0-art-dev@sha256:8946bde659264298089a85fefe27ee96bba14640ec5593386bb4a5071413f9e1",
diff --git a/assets/optional/operator-lifecycle-manager/release-olm-x86_64.json b/assets/optional/operator-lifecycle-manager/release-olm-x86_64.json
index 0a47df4057..3bd7b5efe0 100644
--- a/assets/optional/operator-lifecycle-manager/release-olm-x86_64.json
+++ b/assets/optional/operator-lifecycle-manager/release-olm-x86_64.json
@@ -1,6 +1,6 @@
 {
   "release": {
-    "base": "4.20.0-0.nightly-2025-10-26-115326"
+    "base": "4.20.0-0.nightly-2025-10-27-121449"
   },
   "images": {
     "operator-lifecycle-manager": "quay.io/openshift-release-dev/ocp-v4.0-art-dev@sha256:dd025a1c6c187bbff1b544aa09bc6566f6c07d770eb339ab4ec6f0250ba39489",
diff --git a/assets/release/release-aarch64.json b/assets/release/release-aarch64.json
index 931b81b8ce..10a834b084 100644
--- a/assets/release/release-aarch64.json
+++ b/assets/release/release-aarch64.json
@@ -1,6 +1,6 @@
 {
   "release": {
-    "base": "4.20.0-0.nightly-arm64-2025-10-26-060135"
+    "base": "4.20.0-0.nightly-arm64-2025-10-27-124128"
   },
   "images": {
     "cli": "quay.io/openshift-release-dev/ocp-v4.0-art-dev@sha256:bdf014b8c8ac5c6b497a599bcdec07575e0579858b12a76fec432547a06fb6f9",
diff --git a/assets/release/release-x86_64.json b/assets/release/release-x86_64.json
index a3007dc322..376284be07 100644
--- a/assets/release/release-x86_64.json
+++ b/assets/release/release-x86_64.json
@@ -1,6 +1,6 @@
 {
   "release": {
-    "base": "4.20.0-0.nightly-2025-10-26-115326"
+    "base": "4.20.0-0.nightly-2025-10-27-121449"
   },
   "images": {
     "cli": "quay.io/openshift-release-dev/ocp-v4.0-art-dev@sha256:bee1981588235dc3aa5e2e87393437ad8524bef38ab36b02cdbd73e94995f1b0",
diff --git a/scripts/auto-rebase/changelog.txt b/scripts/auto-rebase/changelog.txt
index adbf37ba9c..e69de29bb2 100644
--- a/scripts/auto-rebase/changelog.txt
+++ b/scripts/auto-rebase/changelog.txt
@@ -1,19 +0,0 @@
-- machine-config-operator embedded-component 8d409e0fb33ac40d95f0d6e436edfc144e29cd82 to d239f7a5eacf418d8333d021dc02abe3ec176ace
-  - 0e61c8d0 2025-10-20T19:29:32+00:00 OCPBUGS-62925: RHEL10 RT kernel packages filtering
-  - f1f8d6f0 2025-10-15T17:26:09+00:00 add: fallback check for br-ex-br in ofport NM dispatcher script
-  - 8872af0f 2025-10-15T17:26:09+00:00 Revert "ofport-request dispatcher script takes br-ex(-br) managed by nmstate into account"
-  - bd161e7c 2025-10-15T17:26:09+00:00 Revert "improve of-port request so it uses a common path instead of retrying on NMS managed br-ex"
-  - 8c16324e 2025-10-15T17:26:09+00:00 improve of-port request so it uses a common path instead of retrying on NMS managed br-ex
-  - a7be3066 2025-10-15T17:26:09+00:00 ofport-request dispatcher script takes br-ex(-br) managed by nmstate into account
-  - 95d13996 2025-10-15T09:19:38+00:00 OCPBUGS-62341: Ensure node's Unschedulable state stays in sync
-  - e63ae2a6 2025-10-07T13:56:08+00:00 OCPBUGS-62493: Only fire OSImageURLOverridden event on render changes
-
-- oc image-amd64 a43428189603f12ae190703cb725f66f742fbe52 to 7f1d6f88cb0c8ed5c877fc0ae2bd99298c6339f2
-  - dfe43006 2025-09-15T23:43:03+00:00 pkg/cli/admin/upgrade/recommend: Enable precheck and accept gates
-
-- ovn-kubernetes image-amd64 84cdb994dc894b557f800d74766da0455f87a193 to 050ed2c215b55aef456c73c5217427600756ae75
-  - 0e9f3c71 2025-10-09T14:57:44+00:00 Configure sec nic EIPv6 address with NODAD and maximum lifetime
-
-- oc image-arm64 a43428189603f12ae190703cb725f66f742fbe52 to 7f1d6f88cb0c8ed5c877fc0ae2bd99298c6339f2
-  - dfe43006 2025-09-15T23:43:03+00:00 pkg/cli/admin/upgrade/recommend: Enable precheck and accept gates
-
diff --git a/scripts/auto-rebase/last_rebase.sh b/scripts/auto-rebase/last_rebase.sh
index d56a671df2..ecaf52d123 100755
--- a/scripts/auto-rebase/last_rebase.sh
+++ b/scripts/auto-rebase/last_rebase.sh
@@ -1,2 +1,2 @@
 #!/bin/bash -x
-./scripts/auto-rebase/rebase.sh to "registry.ci.openshift.org/ocp/release:4.20.0-0.nightly-2025-10-26-115326" "registry.ci.openshift.org/ocp-arm64/release-arm64:4.20.0-0.nightly-arm64-2025-10-26-060135"
+./scripts/auto-rebase/rebase.sh to "registry.ci.openshift.org/ocp/release:4.20.0-0.nightly-2025-10-27-121449" "registry.ci.openshift.org/ocp-arm64/release-arm64:4.20.0-0.nightly-arm64-2025-10-27-124128"