Hann hafði jarnstaf í hendi ok var geir Óðins markaðr á framan verðum, ok syndist honum sem eitr sindraði ýr oddinum.
He had an iron staff in hand and (it) was marked with Odin’s spear on the front ?worthy?, and seemed to him as if poison sparked out of? the point.
Þat var Skjöldr, bróðir Hlégerðar.
That was Skjoldr, Hlegerdr’s brother.
Hann gengr at skíðgardinum ok lykr upp grindinni.
He goes to the wooden palings and opens up the gate.
Flóka trippan hleypr þegar út.
The matted young foal leaps out at once.
Ok öll hrossin eptir henni.
And all the horses after her.
Hesturinn fylgir henni.
The stallion follows her.
Hon hefir uppi ýmsa endana ok stefnir þangat sem blautastar váru mýrarnar, ok gefr henni þat líf at hrossin komust þangat eigi.
He has takes the end by turns and aims thither, where the moor was softest, and gives her that life? that the horses do not get out of there.
Skjöldr gengr til hellisins.
Skjoldr goes to the cave.
Hörðr sprettr þar upp fyrir honum.
Hordr sprang up there before him.
Hann hafði gaddakylfu í hendi.
He had a spiked club in hand.
Hann sló til Skjaldar en Skjöldr skaust undan en kylfan kom í jörðina ok sökk it digrasta.
He hewed at Skjoldr, but Skjoldr avoided the blow and the club came into the earth and sank the deepest.
Skjöldr sló til hans með jarnstafnum ok kom á kryppuna ok brotnaði í sundur geirinn.
Skjoldr struck at him with the iron staff and the blow came in the hump and the spear broke asunder.
En stöngin var föst í kryppunni á honum, ok kipti hann honum á lopt.
But the staff was stuck in his hump and he (Skjoldr?) tipped him aloft.
Hordur spyrndi fótunum við bergit svá fast at Skyldi varð laus stöngin.
Hordr kicked the cliff so hard with his feet that Skjoldr was loose from the staff.
Þá opnaðist hellirinn ok kom út þurs mikill, ok var þríhöfðaðr.
Then the cave opened and out came a great monster, and (it) was three-headed.
Hörðr laust hann með kylfunni ok fell hann um þverar dyrnar ok var þegar dauðr.
Hordr struck him with the club and he fell across the door and was dead at once.
Þá losnaði stöngin ok náði Skjöldr henni.
Then the staff was loosened and Skjoldr approached her.
Sló hann þá til Harðar í öðru sinni.
He struck at Hordr another time.
Hörðr stökk undan ok inn yfir inn dauða.
Hordr fled and inside over the dead (monster).
En stöngin sökk í þursinn er hon kom á hann, ok var föst við þursinn, en hendr Skjaldar við stöngina ok varð honum þá mikit fyrir at reiða hana.
But the staff sank in the monster when she came to him and (it) was fast in the monster, and Skjoldr’s hands on the staff and it was then much for to drive? her.
Tröllin sóttu nú at Herði ok var þat mikil mannhætta.
The trolls attacked Hordr now and it was a great risk to life.
Skjöldr vildi nú inn í hellinn ok var honum óhægt um ferðirnar þvíat þursinn loddi við hann.
Skjoldr wanted now (to go) inside in the cave and it was inconvenient for him regarding the journey because the monster hung on him.
Ok fór hann mjök lágt í dyrunum.
And he went very low in the door.
Hörðr opaði at honum ok setti stjölinn á nasir honum ok stukku úr honum allar tenurnar.
Hordr retreated to him and set his rump on his nose and all his teeth sprang out.
Hrokk hann þá út aptr ok vogaði hann þá eigi inn í hellinn þaðan í frá.
He fell back then out and he dared not (go)in then into the cave from there.
Hörðr barðist tvö dægr við tröllin.
Hordr fought two days with the trolls.
Hafði hann þá drepit þau öll.
Then he had killed them all.
Bar hann sik þá at at hlafa út.
He bore himself then to ?? out.
Skjöldr stóð fyrir hellis dyrunum.
Skjoldr stood before the cave doors.