A bearing assembly is disclosed for rotatably supporting a quill in the housing of a rolling mill laying head. The bearing assembly includes first and second axially spaced roller bearing sets interposed between the quill and the housing. The bearing assembly also includes a force exerting unit for applying a radial preloading force to the first bearing set at a first location around the circumference thereof. The preloading force is opposed by a reactionary force acting on the second bearing set at a second location around the circumference thereof disposed 180.degree. from the first location.