diff --git a/CHANGES.txt b/CHANGES.txt
index c073719105..08bc3d6849 100644
--- a/CHANGES.txt
+++ b/CHANGES.txt
@@ -15,6 +15,7 @@
  * Fixed multiple single-node SAI query bugs relating to static columns (CASSANDRA-20338)
  * Upgrade com.datastax.cassandra:cassandra-driver-core:3.11.5 to org.apache.cassandra:cassandra-driver-core:3.12.1 (CASSANDRA-17231)
 Merged from 4.0:
+ * Honor MAX_PARALLEL_TRANSFERS correctly (CASSANDRA-20532)
  * Updating a column with a new TTL but same expiration time is non-deterministic and causes repair mismatches. (CASSANDRA-20561)
  * Avoid computing prepared statement size for unprepared batches (CASSANDRA-20556)
  * Fix Dropwizard Meter causes timeouts when infrequently used (CASSANDRA-19332)
@@ -46,6 +47,10 @@ Merged from 4.1:
  * Fix SimpleClient ability to release acquired capacity (CASSANDRA-20202)
  * Fix WaitQueue.Signal.awaitUninterruptibly may block forever if invoking thread is interrupted (CASSANDRA-20084)
 Merged from 4.0:
+ * Honor MAX_PARALLEL_TRANSFERS correctly (CASSANDRA-20532)
+ * Updating a column with a new TTL but same expiration time is non-deterministic and causes repair mismatches. (CASSANDRA-20561)
+ * Avoid computing prepared statement size for unprepared batches (CASSANDRA-20556)
+ * Fix Dropwizard Meter causes timeouts when infrequently used (CASSANDRA-19332)
  * Update OWASP dependency checker to version 12.1.0 (CASSANDRA-20501)
  * Suppress CVE-2025-25193 (CASSANDRA-20504)
  * Include in source tree and build packages a Snyk policy file that lists known false positives (CASSANDRA-20319)
diff --git a/src/java/org/apache/cassandra/streaming/async/StreamingMultiplexedChannel.java b/src/java/org/apache/cassandra/streaming/async/StreamingMultiplexedChannel.java
index ce11c3996e..751928c190 100644
--- a/src/java/org/apache/cassandra/streaming/async/StreamingMultiplexedChannel.java
+++ b/src/java/org/apache/cassandra/streaming/async/StreamingMultiplexedChannel.java
@@ -95,7 +95,7 @@ public class StreamingMultiplexedChannel
     private static final int MAX_PARALLEL_TRANSFERS = STREAMING_SESSION_PARALLELTRANSFERS.getInt(DEFAULT_MAX_PARALLEL_TRANSFERS);
 
     // a simple mechansim for allowing a degree of fairness across multiple sessions
-    private static final Semaphore fileTransferSemaphore = newFairSemaphore(DEFAULT_MAX_PARALLEL_TRANSFERS);
+    private static final Semaphore fileTransferSemaphore = newFairSemaphore(MAX_PARALLEL_TRANSFERS);
 
     private final StreamingChannel.Factory factory;
     private final InetAddressAndPort to;