Þvít ríkr konungr rekka,
reyr undlagar dreyra
morðs þás merkja þorðu
magnendr, bjósk at fagna.
Þvít ríkr konungr rekka bjósk at fagna, þás magnendr morðs þorðu merkja reyr undlagar dreyra.
Because the powerful king of warriors prepared to rejoice when the quickeners of slaughter [WARRIORS] dared to stain the reed of the wound-sea [BLOOD > SWORD] with blood.
[1] rekka ‘of warriors’: Kreutzer (1972, 94) construes this with dreyra, hence ‘blood of the warriors’, rather than with konungr, hence ‘king of warriors’.