Exactly. More or less, it helps push the exhaust sound waves out past the back end of the car instead of having some bounce back underneath and resonate in the interior due to the disconnect between the exhaust pipes and the stock tips in the bumper.
I’m not sure of an exact percentage in drone reduction a) because drone is subjective b) I haven’t remeasured with the decibel meter.
What I can say, in my opinion, is that it drastically improved the interior noise level coming from the Borla cat-back such that I can keep the radio volume on 3-4 and hear every word clearly. Low RPM drone in that 1.25-2k band (Highway cruising, around town in comfort mode) is much better, also. I feel that it’s brought the car back to near stock interior comfort levels as a DD, but still lets you (and definitely those behind you) hear what you paid for.