Just bend it off and throw it away. Anything that bends off that easy doesn't deserve to be a sling swivel if you plan to wrap a sling for tight prone shooting. A Garand stacking swivel fits on perfectly after drilling out the hole. I spliced a Garand swivel and AR15 rear sling loop to make a very nice and super durable front sling loop. A hassle if you are only mildly irritated by the cheap factory loop. Do a search on "Chilly's Mini-14" if you want to see what I did.
It's sufficient to bear the weight of the rifle, but not much more in my opinion.