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I ran into the same problem with the swivel bolt when I went to refinish mine. I got tired of looking for a tool that would fit the split-slotted nut so I decided to make one myself out of an old screwdriver using a Dremel tool. (Note: if you don't have a Dremel tool kit by now, you really need to get one. They are invaluable. Variable speed model is worth the few extra bucks).
You will need a flat blade screwdriver that has a blade at least 1/8 inch wider than the bolt shaft that shows inside the slotted nut. Use the Dremel cutting wheel to cut out the inside section of the screwdriver blade (sort of 'U' shaped) about 1/8" deep, leaving about 1/16" of blade left on the ends. Be sure not to cut the outside ends of the blade as this what needs to be left intact in order to fit into the two slots of the nut. It may take a while to grind it down and test-fit it as you go along, but mine works pefectly, took the nut right off and I was able to put it back with no problem.
Good Luck!
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